Chipco Asset Management LLC (New York)

Chipco Asset Management LLC is a large advisory firm based in New York. It manages $146.32 million of regulatory assets for 42 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Connecticut and New York.

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

Chipco Asset Management: assets under management

The assets under management (AUM) of Chipco Asset Management LLC is $146.32 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 122% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $146.32 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.48 million each.

Chipco Asset Management has custody of $66.03 million in cash and securities for 7 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 76% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 18% of the firm’s portfolio. Investments in government bonds form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Chipco Asset Management 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 Chipco Asset Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Chipco Asset Management is high net worth individuals with 9 clients and $32.61 million of assets under management. Among the 13 most similar advisory firms, Chipco Asset Management has the 6th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $45.76 million for 29 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.

Chipco Asset Management doesn't advise any private funds.

Careers at Chipco Asset Management LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives 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
Carl Howard Pforzheimer	Manager/member; chief compliance officer	1 Aug 2004	Other	362204
Carl H. Pforzheimer & Co. Llc	Member	1 Aug 2004	75% - 100%	20-1465785

Based in New York

The principal office where Chipco Asset Management LLC performs its advisory services is located at 122 East 42 Nd Street, New York, NY 10168, 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 212-223-6500 or by fax 212-223-2222. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday.