Segal Advisors, Inc. (New York)

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

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.

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