Meyer Handelman Company LLC (Rye Brook)

Meyer Handelman Company LLC is a large advisory firm based in Rye Brook. It manages $1.91 billion of regulatory assets for 327 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California, Connecticut, Florida, and 8 other states.

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

Meyer Handelman Company: assets under management

The assets under management (AUM) of Meyer Handelman Company LLC is $1.91 billion. The firm's AUM has grown by 36% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.9 billion in discretionary accounts and $13.61 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $5.9 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.72 million.

Meyer Handelman Company has custody of $1.91 billion in cash and securities for 327 clients in total and acts as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 90% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 7% of the firm’s portfolio. Investments in state and local bonds form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Meyer Handelman Company LLC for their services and products based on a percentage of assets under management 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 Meyer Handelman Company serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Meyer Handelman Company is high net worth individuals with 262 clients and $1.57 billion of assets under management. Among the 9 most similar advisory firms, Meyer Handelman Company has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.85 billion for 324 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.

Meyer Handelman Company doesn't advise any private funds.

Careers at Meyer Handelman Company LLC

The company employs 19 people that are either part- or full-time employees. 47 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
Donald Edward Handelman	Member	1 Jul 1951	25% - 50%	1831534
Joseph Walter Handelman	Member	1 Oct 1958	Other	1831535
William Roy Handelman	Member/chief compliance officer	1 Oct 1958	25% - 50%	1831536
Richard Alan Handelman	Member	1 Jan 1992	25% - 50%	4343798

Based in Rye Brook

The principal office where Meyer Handelman Company LLC performs its advisory services is located at 800 Westchester Avenue, Rye Brook, NY 10573 1373 The mailing address of the firm is P.O. Box 817, Purchase, NY 10577 0817. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 914-939-4060 or by fax 914-939-4066. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday.