Crossingbridge Advisors, LLC

CRD#286594
Investment Advisor Firm

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Learn more about Crossingbridge Advisors, LLC

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    Crossingbridge Advisors, LLC is a financial advisory firm located in Pleasantville, New York. The company manages $1.3 billion in assets under management across six customer accounts, making it one of the larger financial advisory firms in the country by assets under management (AUM). It has a small team, including 6 financial advisors. Crossingbridge Advisors, LLC does not act as a registered broker-dealer, signifying that the company is not able to buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer company to do so. Securities are defined as tradable fiscal investments such as stocks, bonds and options.

    Crossingbridge Advisors, LLC manages all of the firm's accounts on a discretionary basis. Discretionary management means that buy and sell decisions are made by an investment advisor without requiring the customer's permission. The investment advisory firm's average account size is $213.0 million. An average advisor at Crossingbridge Advisors, LLC oversees around one client account, making it one of the most individualized firms in the country.

    The firm's main office is at 427 Bedford Road, Suite 220, Pleasantville, New York 10570. The firm is permitted to serve clients in the state of New York.

    Assets Under Management

    $1.3 billion

    Number of Advisors

    6

    Disclosures

    No

    Office Location

    427 Bedford Road, Suite 220
    Pleasantville, NY 10570

    Crossingbridge Advisors, LLC by the Numbers

    Total Assets Under Management

    $1.3 billion

    National Average: $8.6 billion
    Total Number of Employees

    10

    National Average: 64
    Total Number of Accounts

    6

    National Average: 375,227
    Average Account Size

    $213.0 million

    National Average: $23.0 thousand
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    Fee Structure

    Fees charged by financial advisors usually vary depending on which services the firm provides the client. However, fees billed by Crossingbridge Advisors, LLC typically consist of the following fee structure: asset-based. The firm does not provide a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      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

      Show Explanation

      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

    Crossingbridge Advisors, LLC caters to investment companies. Out of its six clients, Crossingbridge Advisors, LLC's biggest client is investment companies. None of the company's clients are from outside of the U.S.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 0%
    • Corporations - 100%
    • Charitable Organizations - 0%

    * 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

    Crossingbridge Advisors, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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