Sutton Place Investors LLC (Katonah)


Sutton Place Investors LLC is a large advisory firm based in Katonah. It manages $106.29 million of regulatory assets for 136 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida and New York.

Sutton Place Investors provides financial planning services and portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Sutton Place Investors: assets under management

The assets under management (AUM) of Sutton Place Investors LLC is $106.29 million, all of which is managed in discretionary accounts. The company doesn't manage any assets belonging to foreign clients.

The firm manages $106.29 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $781.51 thousand each.
Sutton Place Investors has custody of $53.04 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 51% of the total AUM. The second-largest asset type is exchange traded securities, which make up 31% of the firm’s portfolio. Investments in state and local bonds form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sutton Place Investors LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Sutton Place Investors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Sutton Place Investors is high net worth individuals with 35 clients and $72.7 million of assets under management. Among the 11 most similar advisory firms, Sutton Place Investors has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $85.69 million for 87 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.

Sutton Place Investors doesn't advise any private funds.

Careers at Sutton Place Investors LLC

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 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 Vincent Settanni Managing member, chief financial officer & chief compliance officer 1 Sep 2018 50% - 75% 5559889
Donato Settanni Managing member / chief executive officer 1 Sep 2018 50% - 75% 2775800

Based in Katonah

The principal office where Sutton Place Investors LLC performs its advisory services is located at 6 Sutton Place, Katonah, NY 10536, 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 (914) 767-0974 or by fax (914) 617-1517. The normal business hours are 9:00 am to 5:00pm on Monday - Friday. You can find more information about the New York firm at settannifinancial.com and its LinkedIn profile.