Shikiar Asset Management Inc is a large advisory firm based in New York. It manages $474 million of regulatory assets for 214 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California and New York.
Shikiar Asset Management 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.
The assets under management (AUM) of Shikiar Asset Management Inc is $474 million. The firm's AUM has grown by 56% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Shikiar Asset Management 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 only and largest group of clients of Shikiar Asset Management is high net worth individuals with 102 clients and $458 million of assets under management. Among the 5 most similar advisory firms, Shikiar Asset Management has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $458 million for 102 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.
Shikiar Asset Management doesn't advise any private funds.
The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives 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 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.
The principal office where Shikiar Asset Management Inc performs its advisory services is located at 1350 Avenue Of The Americas, New York, NY 10019, 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 212-888-6565 or by fax 212-888-6596. The normal business hours are 8:00 am to 6:00 pm on Monday - Friday. You can find more information about the New York firm at shikiar.com.