Greenwich Investment Management, Inc. (Stamford)

Name: Greenwich Investment Management, Inc.
Address: 200 First Stamford Place, Stamford, CT, 06902
Telephone: 203-625-5316

Greenwich Investment Management, Inc. is a large advisory firm based in Stamford. It manages $824.66 million of regulatory assets for 984 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Arizona, California, Colorado, and 25 other states.

Greenwich Investment Management provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Greenwich Investment Management: assets under management

The assets under management (AUM) of Greenwich Investment Management, Inc. is $824.66 million. The firm's AUM has grown by 341% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $822.46 million in discretionary accounts and $2.2 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $843.55 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $244.48 thousand.

Greenwich Investment Management has custody of $5.48 million in cash and securities for 9 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in government bonds the most. They account for 73% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 14% of the firm’s portfolio. Investments in exchange traded securities form 12% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Greenwich Investment Management, Inc. 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.

What kind of clients Greenwich Investment Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Greenwich Investment Management is high net worth individuals with 795 clients and $747.35 million of assets under management. Among the 12 most similar advisory firms, Greenwich Investment Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $820.75 million for 982 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.

Greenwich Investment Management doesn't advise any private funds.

Careers at Greenwich Investment Management, Inc.

The company employs 13 people that are either part- or full-time employees. 54 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There’s a single person 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
Robert Allan Defruscio	Chief compliance officer	1 Apr 2000	25% - 50%	4690682
Louis George Rieger	Chief compliance officer and member of the executive committee	1 Jan 2007	75% - 100%	376418
Peter Lhommedieu Courtney	Managing director	1 Jan 2011	Other	1907398
Michele Mary Newland	Managing director	1 Jan 2011	Other	6050190
Peter L'hommedieu Courtney	Managing director and member of the executive committee	1 Jan 2011	Other	1907398
Susan Lynn Silva	Chief compliance officer	1 Mar 2012	Other	2467714
Heather Simon Sevillano	Member of the executive committee	1 Jan 2013	Other	4364781
Peter L'hommedieu Courtney	President and member of the executive committee	1 Jan 2014	Other	1907398
Heather Simon Sevillano	Chief operating officer and member of the executive committee	1 Jul 2014	Other	4364781

Based in Stamford

The principal office where Greenwich Investment Management, Inc. performs its advisory services is located at 200 First Stamford Place, Stamford, CT 06902, 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 203-625-5316 or by fax 203-862-4527. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at greenwichinvestmentmgt.com.