Burnham Asset Management Corp (New York)


Burnham Asset Management Corp is a large advisory firm based in New York. It manages $322.66 million of regulatory assets for 283 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Connecticut, Florida, and 3 other states.

Burnham Asset Management Corp provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and publication of newsletters. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Burnham Asset Management Corp: assets under management

The assets under management (AUM) of Burnham Asset Management Corp is $322.66 million. The firm's AUM has gone down by -57% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $319.81 million in discretionary accounts and $2.85 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.13 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.85 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Burnham Asset Management Corp 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.

Careers at Burnham Asset Management Corp

Kenneth Scott Webster has been acting as President since 1 Aug 2013. Marcelle Marie Devine joined the executive team most recently as the Chief Financial Officer, Secretary, Treasurer And Director.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Debra Burnham Hyman Director & vice president 1 Sep 1989 Other 1172645
George Sommerfeld Chief operating officer 1 Sep 1989 Other 430562
Mara Deborah Stempler Chief financial officer, secretary, & treasurer 1 Sep 1989 Other 1807699
George Stark Director & senior managing director 1 Aug 1990 Other 433867
George Sommerfeld Chief operating officer & chief compliance officer 1 Aug 1990 Other 430562
Jon Michael Burnham Chairman & ceo, director 1 Nov 1990 Other 36159
John Michael Burnham Chairman & ceo 1 Nov 1990 Other 2515188
Burnham Financial Group Inc. Holding company 1 Dec 1999 75% - 100% 06-1570322
Burnham Financial Group Holding company 1 Dec 1999 75% - 100% 06-1570322
Thomas N Calabria Chief compliance officer 1 Jan 2007 Other 2780599
Kenneth Scott Webster President 1 Aug 2013 Other 2873063
Marcelle Marie Devine Chief financial officer, secretary and treasurer 1 Nov 2013 Other 2388536
Debra Burnham Hyman Chief compliance officer & vice president 1 May 2014 Other 1172645
Andrew Fenimore Godfrey Chief operating officer 1 Jan 2015 Other 4043432
Devon Dodson Archer Director 1 Mar 2015 Other 6043012
Yaojun Liu Director 1 Mar 2015 Other 6488727
Bam Holdings Llc Holding company 1 Mar 2015 75% - 100% 47-3958841
Robert Lawrence Grosshart Chief compliance officer 1 Feb 2016 Other 4495909
Andrew Fenimore Godfrey Director 1 Jun 2016 Other 4043432
Stefan R Zellmer Ceo, director 1 Jun 2016 Other 2574611
Marcelle Marie Devine Chief financial officer, secretary, treasurer and director 1 Aug 2016 Other 2388536

Indirect Owners

The SEC currently registers 9 indirect owners.

Name Entity Date acquired Ownership Employer ID
Isaac Wolfe Burnham Honorary chairman 1 Sep 1989 25% - 50% 1134009
Jon Michael Burnham Shareholder 1 Dec 1999 50% - 75% 36159
Isaac Wolfe Burnham Shareholder 1 Dec 1999 25% - 50% 1134009
Estate Of Isaac Wolfe Burnham Ii Shareholder 1 Jul 2002 25% - 50% 13-7334072
Jon Michael Burnham Executor 1 Jul 2002 Other 36159
Debra Burnham Hyman Executor 1 Jul 2002 Other 1172645
John Paul Rosenthal Executor 1 Jul 2002 Other 404716
Wendy Burnham Morris Executor 1 Jul 2002 Other 4573858
Inc. Kirin Global Enterprises Member 1 Mar 2015 25% - 50% 46-1732266

Based in New York

The principal office where Burnham Asset Management Corp performs its advisory services is located at 40 West 57 Th St., New York, NY 10019, 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 212-262-3100 or by fax 212-603-7502. The normal business hours are 9:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at burnhamfinancial.com.