Cummings & Carroll Pc (Great Neck)


Cummings & Carroll Pc is a large advisory firm based in Great Neck. It manages $81.23 million of regulatory assets for 52 client accounts. It has been registered with the SEC as an adviser since 2001.

Cummings & Carroll Pc provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cummings & Carroll Pc: assets under management

The assets under management (AUM) of Cummings & Carroll Pc is $81.23 million. The firm's AUM has grown by 3% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $38.56 million in discretionary accounts and $42.67 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $756.05 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $42.67 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cummings & Carroll Pc for their services and products based on a percentage of assets under management, hourly charges, 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.

Indirect Owners

The SEC currently registers 8 indirect owners.

Name Entity Date acquired Ownership Employer ID
Richard J Birnbach President 1 May 2002 25% - 50% xxx-xx-xxxx
Hyman B Carroll Vice president 1 May 2002 25% - 50% xxx-xx-xxxx
Joseph Milazzo Secretary/treasurer 1 May 2002 25% - 50% xxx-xx-xxxx
Richard J Birnbach President 1 May 2003 25% - 50% xxx-xx-xxxx
Joseph Milazzo Secretary/treasurer 1 May 2003 25% - 50% xxx-xx-xxxx
Richard J Birnbach President 1 Mar 2004 25% - 50% xxx-xx-xxxx
Hyman B Carroll Vice president 1 Mar 2004 25% - 50% xxx-xx-xxxx
Joseph Milazzo Vice president 1 Mar 2004 25% - 50% xxx-xx-xxxx

Based in Great Neck

The principal office where Cummings & Carroll Pc performs its advisory services is located at 175 Great Neck Rd, Great Neck, NY 11021, 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 516-482-3260 or by fax 516-482-4067. The normal business hours are 9am-5pm on Monday - Friday.