North Shore Asset Management, LLC (Cold Spring Harbor)

Name: North Shore Asset Management, LLC
Address: 26 Goose Hill Road, Cold Spring Harbor, NY, 11724
Telephone: 631-223-7434

North Shore Asset Management, LLC is a mid-sized advisory firm based in Cold Spring Harbor. It manages $43.21 million of regulatory assets for 45 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Florida, New Jersey, New York, and Texas.

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

North Shore Asset Management: assets under management

The assets under management (AUM) of North Shore Asset Management, LLC is $43.21 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 31% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $43.21 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $960.16 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 61% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 22% of the firm’s portfolio. Investments in investment and business development companies form 17% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay North Shore Asset Management, LLC for their services and products based on a percentage of assets under management and hourly charges. 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 North Shore Asset Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of North Shore Asset Management is high net worth individuals with 17 clients and $31.74 million of assets under management. Among the 2 most similar advisory firms, North Shore Asset Management has the lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $43.06 million for 44 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.

North Shore Asset Management doesn't advise any private funds.

Careers at North Shore Asset Management, LLC

The company employs 1 person that is either a part- or full-time employee. 100 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Jeffrey Schpoont	Managing member/chief compliance officer	1 Jan 2004	75% - 100%	3232497

Based in Cold Spring Harbor

The principal office where North Shore Asset Management, LLC performs its advisory services is located at 26 Goose Hill Road, Cold Spring Harbor, NY 11724, 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 631-223-7434 or by fax 888-315-5238. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at nsam.com.