Chilton Investment Services, LLC (Stamford)


Chilton Investment Services, LLC is a large advisory firm based in Stamford. It manages $3.78 billion of regulatory assets for 1,084 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 41 other states.

Chilton Investment Services provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, 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.

Chilton Investment Services: assets under management

The assets under management (AUM) of Chilton Investment Services, LLC is $3.78 billion. The firm's AUM has gone down by -13% since the beginning of its operation, and $167.53 million of the total AUM is attributable to clients outside of the United States.

The firm manages $3.74 billion in discretionary accounts and $35.55 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.59 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $132.14 thousand.
Chilton Investment Services has custody of $506.28 million in cash and securities for 280 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in state and local bonds the most. They account for 33% of the total AUM. The second-largest asset type is exchange traded securities, which make up 32% of the firm’s portfolio. Investments in investment grade corporate bonds form 21% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Chilton Investment Services, 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.

What kind of clients Garrison Du Pont Lickle serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Garrison Du Pont Lickle is high net worth individuals with 413 clients and $1.93 billion of assets under management. Among the 8 most similar advisory firms, Chilton Investment Services has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $3.53 billion for 846 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Chilton Investment Services also advises several private funds. Namely, one hedge fund, one other private fund, and one private equity fund. The minimum investment commitment required of non-related persons ranges from $250,000 to $1,000,000.

Careers at Chilton Investment Services, LLC

The company employs 53 people that are either part- or full-time employees. 30 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 are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Garrison Du Pont Lickle has been acting as President since 1 Mar 2011. Alison Thomas Schachter joined the executive team most recently as the Vice President & Treasurer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Patricia Anne Mallon Vice president & treasurer 1 Mar 2011 Other 4523542
James Edward Steinthal Vice president & secretary 1 Mar 2011 Other 4523546
Garrison Du Pont Lickle Director 1 Mar 2011 Other 4150539
Lisa Marie Czachor Executive vice president & family office director 1 Mar 2011 Other 4322384
Jennifer Anne Duggins Vice president-chief compliance officer 1 Oct 2011 Other 2488577
Richard Lockwood Chilton Chairman, chief executive officer & chief investment officer - equities 1 Jan 2012 Other 1158328
Timothy Westonapplegate Horan Executive vice president, chief investment officer - fixed income 1 Jan 2012 Other 2252713
Inc. Chilton Group Holdings Member, manager of chilton investment services, llc 1 Feb 2012 75% - 100% 27-5309477
Llc Chilton Private Clients Holding Company Member, manager of chilton private clients, llc 1 Feb 2012 75% - 100% 27-5309477
George David Phelps Hamar Managing director, head of wealth advisory 1 Oct 2013 Other 2559836
Jonathan Mayhew Wainwright Director 1 Jul 2014 Other 4523920
Porter Johnston Goss Director 1 Jul 2014 Other 6415949
William Penniman Boardman Director 1 Jul 2014 Other 4488217
Peter Sunil Kim Vice president, assistant general counsel, chief compliance officer 1 Nov 2014 Other 6415962
Peter Sunil Kim Senior vice president, assistant general counsel, chief compliance officer 1 Feb 2016 Other 6415962
Jennifer Foster Co-chief investment officer - equities and portfolio manager 1 Feb 2016 Other 4523836
Jennifer Leahy Foster Co-chief investment officer - equities and portfolio manager 1 Feb 2016 Other 4523836
Alison Thomas Schachter Vice president & treasurer 1 Jul 2016 Other 4963541

Indirect Owners

The SEC currently registers 3 indirect owners.

Name Entity Date acquired Ownership Employer ID
Richard Lockwood Chilton Shareholder 1 Apr 1992 25% - 50% 1158328
Inc. Chilton Investment Company Member, manager 1 May 2005 50% - 75% 13-3667517
Llc Chilton Investment Company Shareholder 1 Feb 2012 75% - 100% 120107

Based in Stamford

The principal office where Chilton Investment Services, LLC performs its advisory services is located at 1290 East Main Street 1 St Floor, Stamford, CT 06902, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 203-352-4000 or by fax 203-352-4006. The normal business hours are 8:30am-5:30pm on Monday - Friday. You can find more information about the New York firm at chiltonfunds.com.