Gelfand Maxus Asset Management Inc (Cleveland)


Gelfand Maxus Asset Management Inc is a large advisory firm based in Cleveland. It manages $1.96 billion of regulatory assets for 512 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Ohio.

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

Gelfand Maxus Asset Management: assets under management

The assets under management (AUM) of Gelfand Maxus Asset Management Inc is $1.96 billion. The company doesn't manage any assets belonging to foreign clients.

The firm manages $1.36 billion in discretionary accounts and $592.38 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.69 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $118.48 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Gelfand Maxus Asset Management Inc for their services and products based on a percentage of assets under management, fixed fees, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Gelfand Maxus Asset Management Inc

Richard Anthony Barone has been acting as President since 1 Jul 1997. Fifth Third Bancorp joined the executive team most recently as the Parent Company.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Richard Anthony Barone Director 1 Jul 1997 Other 13213
Denis James Amato President/director 1 Jul 1997 Other 2944739
Robert William Curtin Secretary 1 Jul 1997 Other 1283433
Fred David Disanto Executive vice pres/director 1 Jul 1997 Other 1467798
Fifth Third Bancorp Parent company 1 Jan 2001 75% - 100% 31-0854434

Based in Cleveland

The principal office where Gelfand Maxus Asset Management Inc performs its advisory services is located at 1301 East 9 Th Street, Cleveland, OH 44114 1800, 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 216-687-1000 or by fax 216-687-1001. The normal business hours are 8:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at 53.com.