Steben & Company, Inc. is a large advisory firm based in Gaithersburg. It manages $332.37 million of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of Maryland.
Steben & Company provides portfolio management for investment companies, portfolio management for pooled investment vehicles, 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.
The assets under management (AUM) of Steben & Company, Inc. is $332.37 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 4% since the beginning of its operation, and $10.24 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay Steben & Company, 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.
The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Michael Donald Bulley is pooled investment vehicles with 1 clients and $205.06 million of assets under management. Among the 4 most similar advisory firms, Steben & Company has the 2nd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $332.37 million for 6 clients. 17% of the firm’s clients are foreign persons or businesses.
Steben & Company also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.
The company employs 20 people that are either part- or full-time employees. 20 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 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.
Michael Donald Bulley has been acting as President since 1 Dec 2005. John Dolfin has served as the Chief Investment Officer since 1 Jan 2015. Bradley Jay Weltler joined the executive team most recently as the Vice President Of Distribution.
The principal office where Steben & Company, Inc. performs its advisory services is located at 9711 Washingtonian Blvd., Gaithersburg, MD 20878 7365, 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 240-631-7600 or by fax 240-631-9595. The normal business hours are 9:00am - 5:30pm on Monday - Friday. You can find more information about the New York firm at steben.com.