Greenwich Investment Management, Inc

CRD#127161
Investment Advisor Firm

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Overview

Greenwich Investment Management, Inc operates as a financial advisory company headquartered in Norwalk, Connecticut. It has $816.9 million in total assets throughout 1,082 accounts, making it one of the bigger investment advisory firms in the United States by assets under management (AUM). Greenwich Investment Management, Inc has a small group, including 8 financial advisors. Greenwich Investment Management, Inc is not a registered broker-dealer, meaning it cannot buy and sell securities for its own accounts as well as its clients' and instead has to go through a broker-dealer firm to do so. Securities are defined as tradable fiscal assets like options, bonds and equities.

Greenwich Investment Management, Inc administers the majority of the firm's accounts on a discretionary basis. Discretionary management means that buy and sell choices for the client's account are made by a portfolio manager without needing the customer's consent. The company also manages 18 non-discretionary accounts totaling $27.0 million in assets. Greenwich Investment Management, Inc administers an average of $754,986 for each customer account. An average advisor at Greenwich Investment Management, Inc oversees around 135 client accounts.

The company's headquarters is at 50 Washington Street, Norwalk, Connecticut 6854. The company is legally registered to provide services to investors throughout 33 U.S. states and territories.

Assets Under Management

$816.9 million

Number of Advisors

8

Disclosures

No

Office Location

50 Washington Street
Norwalk, CT 06854

Greenwich Investment Management, Inc by the Numbers

Total Assets Under Management

$816.9 million

National Average: $8.6 billion
Total Number of Employees

12

National Average: 64
Total Number of Accounts

1,082

National Average: 375,227
Average Account Size

$755.0 thousand

National Average: $23.0 thousand
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Fee Structure

A financial advisor's fees depend on the type of financial services offered. Fees billed by Greenwich Investment Management, Inc typically consist of the following fee structure: asset-based. Greenwich Investment Management, Inc participates in a wrap fee program, in which the company offers a service bundle for a single fee.

Available

  • Offered by 69% of firms

    Percentage of Assets

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    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

Unavailable

  • Find one of the 21% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 1% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 26% of firms that offer this fee type

    Performance-based

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    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 0% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 32% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Find one of the 10% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

The firm does business with a broad range of clients. It caters to retail investors, high net worth investors, pension plans, charitable organizations, insurance companies and corporations. Out of its 1,082 clients, Greenwich Investment Management, Inc's biggest client group by number of accounts is high net worth investors, but it also manages money for 932 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers reside abroad.

  • High-Net-Worth Individuals* - 86.14%
  • Other Individuals - 12.38%
  • Corporations - 1.11%
  • Charitable Organizations - 0.37%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Greenwich Investment Management, Inc does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Greenwich Investment Management, Inc

Elaine Biersack
Norwalk, CT
Brian Alexitch
Norwalk, CT
Jin Hu
Norwalk, CT
Marco Vangelisti
Norwalk, CT
Peter Courtney
Norwalk, CT
Merle Yoder
Norwalk, CT
Heather Sevillano
Norwalk, CT
Louis Rieger
Norwalk, CT
Nydia Concepcion
Norwalk, CT

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