Dumont & Blake Investment Advisors LLC (Princeton)


Dumont & Blake Investment Advisors LLC is a large advisory firm based in Princeton. It manages $340.9 million of regulatory assets for 790 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Connecticut, Florida, and 4 other states.

Dumont & Blake Investment Advisors 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.

Dumont & Blake Investment Advisors: assets under management

The assets under management (AUM) of Dumont & Blake Investment Advisors LLC is $340.9 million. The firm's AUM has grown by 219% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $336.96 million in discretionary accounts and $3.95 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $461.59 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $65.76 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 64% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 14% of the firm’s portfolio. Investments in state and local bonds form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Dumont & Blake Investment Advisors LLC for their services and products based on a percentage of assets under management and fixed fees. 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 Morley Goldberg serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Morley Goldberg is high net worth individuals with 126 clients and $270.87 million of assets under management. Among the 12 most similar advisory firms, Dumont & Blake Investment Advisors has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $340.9 million for 350 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.

Dumont & Blake Investment Advisors doesn't advise any private funds.

Careers at Dumont & Blake Investment Advisors LLC

The company employs 7 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Morley Goldberg has been acting as President since 1 Aug 1999. Frederick Porter Lutcher has served as the Chief Investment Officer since 1 Mar 2003. Dumont & Blake Investment Advisors Llc joined the executive team most recently as the President.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Morley Goldberg President/ chief compliance officer 1 Aug 1999 75% - 100% 223993
Dumont & Blake Investment Advisors Llc President 1 Aug 1999 75% - 100% 109318
Frederick Porter Lutcher Chief investment officer 1 Mar 2003 Other 1021667

Based in Princeton

The principal office where Dumont & Blake Investment Advisors LLC performs its advisory services is located at 731 Alexander Road, Princeton, NJ 08540, 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 609-514-1899 or by fax 609-514-4222. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at dumontandblake.com.