10 15 Associates, Inc. (Goshen)


10 15 Associates, Inc. is a large advisory firm based in Goshen. It manages $743.62 million of regulatory assets for 2,134 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Connecticut, Delaware, Florida, and 13 other states.

10 15 Associates provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

10 15 Associates: assets under management

The assets under management (AUM) of 10 15 Associates, Inc. is $743.62 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 70% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $743.62 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $348.46 thousand each.
10 15 Associates has custody of $736.52 million in cash and securities for 1,220 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 53% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 25% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay 10 15 Associates, Inc. for their services and products based on a percentage of assets under management, fixed fees, and commissions. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Michael Anthony Dematteo serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Michael Anthony Dematteo is individuals with 1,030 clients and $458.16 million of assets under management. Among the 12 most similar advisory firms, 10 15 Associates has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $743.62 million for 1,229 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.

10 15 Associates doesn't advise any private funds.

Careers at 10 15 Associates, 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 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 Anthony Dematteo has been acting as President since 1 Jan 1997. Deborah Lynn Dematteo joined the executive team most recently as the Vice President/Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Michael Anthony Dematteo President 1 Jan 1997 50% - 75% 731480
Deborah Lynn Dematteo Vice president/chief compliance officer 1 Jan 1997 50% - 75% 1376406

Based in Goshen

The principal office where 10 15 Associates, Inc. performs its advisory services is located at 9 Coates Drive, Goshen, NY 10924, which is also the mailing address of the firm. An additional office of the firm is in Fishkill, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 845-294-2080 or by fax 845-294-3072. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at 1015associates.com.