Comprehensive Portfolio Management, LLC (New York)

Name: Comprehensive Portfolio Management, LLC
Address: 90 Park Avenue, New York, NY, 10016
Telephone: (212) 455-9122

Comprehensive Portfolio Management, LLC is a large advisory firm based in New York. It manages $553.8 million of regulatory assets for 1,723 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Arizona, California, Connecticut, and 15 other states.

Comprehensive Portfolio Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and liftoff - automated advisory services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Comprehensive Portfolio Management: assets under management

The assets under management (AUM) of Comprehensive Portfolio Management, LLC is $553.8 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 308% since the beginning of its operation, and $2.3 million of the total AUM is attributable to clients outside of the United States.

The firm manages $553.8 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $321.42 thousand each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Comprehensive Portfolio Management, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Comprehensive Portfolio Management serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Comprehensive Portfolio Management is high net worth individuals with 144 clients and $416.9 million of assets under management. Among the 10 most similar advisory firms, Comprehensive Portfolio Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $553.8 million for 538 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Comprehensive Portfolio Management doesn't advise any private funds.

Careers at Comprehensive Portfolio Management, LLC

The company employs 14 people that are either part- or full-time employees. 86 percent of the employees work as investment advisers or researchers. 12 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
Barry Lawrence Ritholtz	Managing member	1 Aug 2013	50% - 75%	2723315
Joshua Morgan Brown	Managing member	1 Aug 2013	25% - 50%	2781372
Kristopher Venne	Chief compliance officer	1 Oct 2013	Other	5481478
Michael Henry Batnick	Managing member	1 Oct 2013	Other	5753350
Kristopher Pierre Venne	Managing member & chief compliance officer	1 Oct 2013	Other	5481478

Based in New York

The principal office where Comprehensive Portfolio Management, LLC performs its advisory services is located at 90 Park Avenue, New York, NY 10016, which is also the mailing address of the firm. An additional office of the firm is in Grand Rapids, MI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (212) 455-9122. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at ritholtzwealth.com.