Segal Advisors, Inc. (New York)

Name: Segal Advisors, Inc.
Address: 333 West 34 Th Street, New York, NY, 10001 2402
Telephone: 212-251-5900

Segal Advisors, Inc. is a large advisory firm based in New York. It manages $21.89 billion of regulatory assets for 130 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Arizona, California, Colorado, and 27 other states.

Segal Advisors provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, educational seminars and workshops, and independent fiduciary, proxy voting, performance measurement and investment product review. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Segal Advisors: assets under management

The assets under management (AUM) of Segal Advisors, Inc. is $21.89 billion. The firm's AUM has grown by 11730% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $11.19 billion in discretionary accounts and $10.69 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $105.61 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $445.49 million.

Segal Advisors has custody of $17.83 billion in cash and securities for 109 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 73% of the total AUM. The second-largest asset type is other assets, which make up 21% of the firm’s portfolio. Investments in investment and business development companies form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Segal Advisors, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Howard Fluhr serves?

The firm provides services to pooled investment vehicles and pension and profit sharing plans. The largest group of clients of Howard Fluhr is pension and profit sharing plans with 63 clients and $15.96 billion of assets under management. Among the 7 most similar advisory firms, Segal Advisors has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $19.02 billion for 87 clients. None of the firm’s clients are foreign persons or businesses.

Segal Advisors also advises several private funds. Namely, nineteen other private funds. The minimum investment commitment required of non-related persons ranges from $0 to $5,000,000.

Careers at Segal Advisors, Inc.

The company employs 115 people that are either part- or full-time employees. 80 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.

Howard Fluhr has been acting as President since 1 Jan 2006. Timothy Reed Barron has served as the Chief Investment Officer since 1 Feb 2012. Andrew D Sherman joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. The Segal Group	100% shareholder of segal advisors, inc.	1 Aug 1969	75% - 100%	06-0839113
Ricardo Michael Dibartolo	Chief financial officer	1 Nov 1993	Other	4525179
Jonathan Parker	Director	1 Nov 1993	Other	4525197
Robert D. Krinsky	Chairman	1 Jan 1994	Other	4525175
Howard Fluhr	President and director	1 Jan 1994	Other	4525177
Ricardo Michael Dibartolo	Chief financial officer & treasurer	1 Nov 1995	Other	4525179
John Robert Demairo	Senior vice president	1 Apr 1996	Other	1598965
John Robert Demairo	Chief operating officer & chief compliance officer & director	1 Apr 1997	Other	1598965
Frances Milberg	General counsel and secretary	1 Jan 1998	Other	4525180
Cathie Gail Eitelberg	Director	1 May 1999	Other	4525182
Eugene Jacob Keilin	Director	1 Jun 2000	Other	871305
David Blumenstein	Director	1 Jun 2000	Other	1764561
Stewart D Lawrence	Director	1 Jun 2000	Other	4525192
Daniel George Fries	Chief operating officer and director	1 Jan 2001	Other	1289445
John H Cotton	Director	1 Jun 2001	Other	4525191
Judith F Mazo	Director	1 Jul 2001	Other	4525186
Vincent C Perro	Director	1 Feb 2002	Other	1566774
Joel Timothy Biddle	Director	1 Jun 2002	Other	4649448
Jonathan Parker	Director	1 Aug 2003	Other	4525197
Howard Rog	Director	1 Oct 2003	Other	4781231
Myrna Hellerman	Director	1 Dec 2004	Other	4938235
John H Cotton	Director	1 Dec 2004	Other	4525191
Howard Fluhr	Chairman	1 Jan 2006	Other	4525177
Joseph Anthony Locicero	Chairman of the board	1 Jan 2006	Other	2526854
Andrew D Sherman	Director	1 Jun 2006	Other	5316737
Ann D Gineo	Director	1 Jun 2006	Other	5316742
Margery Sinder Friedman	Corporate secretary, svp, general counsel	1 May 2008	Other	5656687
David Blumenstein	Director	1 Jun 2008	Other	4525190
John Flynn	Director	1 Jun 2008	Other	5656698
Myrna Hellerman	Director	1 Jun 2010	Other	4938235
John Robert Demairo	President and chief executive officer	1 Dec 2011	Other	1598965
Joseph Anthony Locicero	Director	1 Dec 2011	Other	2526854
Steven Cary Greenspan	Chief compliance officer	1 Feb 2012	Other	6036623
Timothy Reed Barron	Chief investment officer	1 Feb 2012	Other	2885066
John Gingell	Director	1 Jan 2015	Other	6469717
Howard Edwin Goldsmith	Director	1 Jan 2016	Other	5810933
Joseph Anthony Locicero	Chairman of the board	1 Oct 2016	Other	2526854
Diane Gleave	Director	1 Jan 2017	Other	6750404
Stuart Lerner	Director	1 Jan 2017	Other	6750395
Diane M Gleave	Director	1 Jan 2017	Other	6750404
Stuart H Lerner	Director	1 Jan 2017	Other	6750395
Susan Ann Crotty	Director	1 Jan 2018	Other	4201539
Andrew D Sherman	Director	1 Jan 2019	Other	5316737
Eileen M Flick	Director	1 Jan 2019	Other	7085239

Based in New York

The principal office where Segal Advisors, Inc. performs its advisory services is located at 333 West 34 Th Street, New York, NY 10001 2402, which is also the mailing address of the firm. An additional office of the firm is in Boston, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-251-5900 or by fax 212-208-4564. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at segalrc.com.