Barrett Asset Management, LLC is a large advisory firm based in New York. It manages $1.72 billion of regulatory assets for 847 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Arizona, California, Colorado, and 15 other states.
Barrett Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, and portfolio consulting. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Barrett Asset Management, LLC is $1.72 billion. The firm's AUM has grown by 33% since the beginning of its operation, and $39.69 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Barrett Asset Management, 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.
The firm provides services to investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Robert Joseph Milnamow is high net worth individuals with 637 clients and $1.56 billion of assets under management. Among the 11 most similar advisory firms, Barrett Asset Management has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $1.72 billion for 657 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Barrett Asset Management doesn't advise any private funds.
The company employs 18 people that are either part- or full-time employees. 44 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.
Robert Joseph Milnamow has been acting as President since 1 Oct 2014. Mariette Louise Graeme Campbell joined the executive team most recently as the Managing Director.
The principal office where Barrett Asset Management, LLC performs its advisory services is located at 90 Park Avenue, New York, NY 10016, 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 212-983-5080 or by fax 212-953-3240. The normal business hours are 9:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at barrettasset.com.