East End Advisors, LLC (New York)

East End Advisors, LLC is a large advisory firm based in New York. It manages $6.36 billion of regulatory assets for 33 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdiction of New York.

East End Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

East End Advisors: assets under management

The assets under management (AUM) of East End Advisors, LLC is $6.36 billion. The firm's AUM has grown by 228% since the beginning of its operation, and $980.66 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.49 billion in discretionary accounts and $4.87 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $92.96 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $286.56 million.

East End Advisors has custody of $298.43 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 71% of the total AUM. The second-largest asset type is government bonds, which make up 11% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay East End Advisors, LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients East End Advisors serves?

The firm provides services to charitable organizations and high net worth individuals. The largest group of clients of East End Advisors is charitable organizations with 7 clients and $3.23 billion of assets under management. Among the 6 most similar advisory firms, East End Advisors has the highest percentage of charitable organizations out of all clients.

The amount of regulatory assets under management is $6.36 billion for 18 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 11% of the firm’s clients are foreign persons or businesses.

East End Advisors doesn't advise any private funds.

Careers at East End Advisors, LLC

The company employs 16 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Peter Andras Nadosy	Partner	1 Apr 2008	25% - 50%	1356906
Richard Edward Salomon	Partner	1 Apr 2008	25% - 50%	2454694
David Richard Salomon	Partner	1 Apr 2008	25% - 50%	1707799
Christopher Brown	Chief financial officer	1 Apr 2010	Other	4935337
Christopher Brown	Chief compliance officer	1 Aug 2010	Other	4935337
Brian Richard Clifford	Partner	1 Oct 2010	25% - 50%	4417955

Based in New York

The principal office where East End Advisors, LLC performs its advisory services is located at 610 Fifth Avenue 5 Th Floor, New York, NY 10020, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-218-8137 or by fax 212-218-8139. The normal business hours are 9:00am-5:00pm on Monday - Friday.