Carswell Investments, LLC (East Syracuse)

Name: Carswell Investments, LLC
Address: 6319 Fly Road, Suite 2 B, East Syracuse, NY, 13057
Telephone: (315) 451-4115

Carswell Investments, LLC is a large advisory firm based in East Syracuse. It manages $195.02 million of regulatory assets for 387 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of New York, South Carolina, and Texas.

Carswell Investments 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 more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Carswell Investments: assets under management

The assets under management (AUM) of Carswell Investments, LLC is $195.02 million. The firm's AUM has grown by 212% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $139.33 million in discretionary accounts and $55.69 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $403.85 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.33 million.

Investments

The firm invests in investment and business development companies the most. They account for 85% of the total AUM. The second-largest asset type is state and local bonds, which make up 14% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Carswell Investments, 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 Carswell Investments serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Carswell Investments is high net worth individuals with 28 clients and $130.63 million of assets under management. Among the 6 most similar advisory firms, Carswell Investments has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $195.02 million for 138 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.

Carswell Investments doesn't advise any private funds.

Careers at Carswell Investments, LLC

The company employs 2 people that are either part- or full-time employees. 100 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
Steven Roger Pickard	Managing member, president, chief compliance officer	1 May 2011	75% - 100%	4556595
Llc Carswell Financial	Owner	1 May 2011	75% - 100%	80-0730748

Indirect Owners

The SEC currently registers 10 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Drescher Management Group	Member	1 May 2011	75% - 100%	20-1414417
William J. (Mi Only) Drescher	Member	1 May 2011	25% - 50%	5931818
John M. (Mi Only) Drescher	Member	1 May 2011	25% - 50%	5931821
Paul A. (Mi Only) Drescher	Member	1 May 2011	25% - 50%	5931824
Peter H. (Mi Only) Drescher	Member	1 May 2011	25% - 50%	5931825
William Joseph Drescher	Member	1 May 2011	25% - 50%	5931818
John Michael Drescher	Member	1 May 2011	25% - 50%	5931821
Paul Anthony Drescher	Member	1 May 2011	25% - 50%	5931824
Peter Howard Drescher	Member	1 May 2011	25% - 50%	5931825
Steven Roger Pickard	Managing member	1 Jun 2012	75% - 100%	4556595

Based in East Syracuse

The principal office where Carswell Investments, LLC performs its advisory services is located at 6319 Fly Road, Suite 2 B, East Syracuse, NY 13057, which is also the mailing address of the firm. An additional office of the firm is in Daniel Island, SC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (315) 451-4115 or by fax (315) 451-4419. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at carswellfinancial.com.