Otto & Associates, Inc. (Katonah)


Otto & Associates, Inc. is a large advisory firm based in Katonah. It manages $141.25 million of regulatory assets for 512 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of New Hampshire, New York, Texas, and Vermont.

Otto & Associates provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and publication of newsletters. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Otto & Associates: assets under management

The assets under management (AUM) of Otto & Associates, Inc. is $141.25 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 323% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $141.25 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $275.89 thousand each.
Otto & Associates has custody of $33.29 million in cash and securities for 50 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 88% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 9% of the firm’s portfolio. Investments in exchange traded securities form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Otto & Associates, Inc. for their services and products based on a percentage of assets under management and hourly charges. 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 Otto & Associates serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Otto & Associates is high net worth individuals with 51 clients and $101.36 million of assets under management. Among the 10 most similar advisory firms, Otto & Associates has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $140.9 million for 132 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Otto & Associates doesn't advise any private funds.

Careers at Otto & Associates, Inc.

The company employs 5 people that are either part- or full-time employees. 60 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
David William Otto President & chief executive officer 1 Sep 2000 50% - 75% 4364736
David William Otto Chief compliance officer 1 Jun 2004 50% - 75% 4364736
Susan Otto Goodell Shareholder 1 Dec 2010 25% - 50% 5895496
Elizabeth Otto Shareholder 1 Dec 2010 Other 5895505

Based in Katonah

The principal office where Otto & Associates, Inc. performs its advisory services is located at 200 Katonah Ave, Katonah, NY 10536, which is also the mailing address of the firm. An additional office of the firm is in Norwich, VT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 914-232-5379 or by fax 914-232-5378. The normal business hours are 9:00 a.m.-2:30 p.m. on Monday - Friday. You can find more information about the New York firm at ottoandassociates.com.