Offitbank (New York)

Offitbank is a large advisory firm based in New York. It manages $1.24 billion of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2001.

Offitbank provides portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Offitbank: assets under management

The assets under management (AUM) of Offitbank is $1.24 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -24% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.24 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $620 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Offitbank for their services and products based on a percentage of assets under management. 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.

Careers at Offitbank

Thomas Michael Dzwil joined the executive team most recently as the Co Portfolio Manager, High Yield Group.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Morris Wolf Offit	Chief executive office	1 Jan 1983	Other	351301
Carolyn Nannini Dolan	Managing director, tax sensitive group	1 Jan 1983	Other	4365505
Stephen Todd Shapiro	Managing director, high yield group	1 Jan 1983	Other	1880240
John Herschel Haldeman	Managing director, municipals	1 Apr 1988	Other	502126
Offitbank	New york state chartered trust company	1 Jan 1990	Other	133573179
Wallace Mathai Davis	Chief operating officer, chief financial officer, coporate secretary	1 Jan 1990	Other	4365519
Richard Man Johnston	Managing director, emerging markets group	1 Jan 1992	Other	1862722
Stephen Brent Wells	Compliance officer	1 Mar 1994	Other	1367590
Michael Patrick Pietronieo	Portfolio manager, municipals	1 Jan 1998	Other	1668639
Richard Charles Madigan	Portfolio manager, emerging markets	1 Feb 1998	Other	2446433
Isaac Nathan Frankel	Portfolio manager, global taxable	1 May 1999	Other	1015158
N.A. Wachovia Corporation	Shareholder	1 Sep 1999	75% - 100%	56-092-7594
Vincent Michael Rella	Chief accounting officer	1 Jan 2000	Other	1880242
Michael Faranello	Controller	1 Jan 2000	Other	4365517
Scott Douglas Mckee	Portfolio manager, emerging markets	1 Feb 2000	Other	2306125
Steven Blitz	Managing director, global taxable group	1 Mar 2000	Other	1477925
Joseph Lawrence Mirsky	Portfolio manager, high yield group	1 Aug 2001	Other	4534330
Joseph William Charlton	Managing director	1 Aug 2001	Other	1071219
F. Daniel Prickett	Chief executive officer	1 Sep 2001	Other	4534346
Gilman Carlton Gunn	Managing director	1 Oct 2001	Other	232043
Dan Savyckyj	Managing director	1 Oct 2001	Other	4477393
Vincent Michael Rella	Chief administrative/operations officer	1 Nov 2001	Other	1880242
Michael Faranello	Chief financial officer	1 Nov 2001	Other	4365517
Thomas Michael Dzwil	Co-portfolio manager, high yield group	1 Dec 2001	Other	1242585

Based in New York

The principal office where Offitbank performs its advisory services is located at 520 Madison Avenue, New York, NY 10022, which is also the mailing address of the firm. The firm also has an office outside of the United States.