Downtown Investment Advisory
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Overview
Downtown Investment Advisory operates as an advisory company based in White Plains, New York. Downtown Investment Advisory handles $113.8 million in assets under management over 138 client accounts, placing it in the mid-tier of financial advisory firms in the country by assets under management (AUM). Downtown Investment Advisory has a small team, including 1 financial advisor. Downtown Investment Advisory is not a registered broker-dealer, meaning the advisor cannot buy and sell securities for its customers' and own accounts and instead must go through a broker-dealer firm to do so. Securities are defined as exchangable financial investments like equities, bonds and options.
Downtown Investment Advisory administers all of the firm's accounts on a discretionary basis. Discretionary management means that an investment advisor has the discretion to make transaction decisions without needing to seek the client's permission. The advisory firm's typical account size is $824,841. The average advisor at Downtown Investment Advisory oversees about 138 client accounts.
Downtown Investment Advisory's main office is at 360 Hamilton Avenue, White Plains, New York 10601. The company is legally registered to serve clients throughout 2 states, including New York and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Downtown Investment Advisory by the Numbers
$113.8 million
2
138
$824.8 thousand
Fee Structure
Financial management fees largely vary depending on which services the firm provides the client. Fees billed by the firm typically consist of the following fee type: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by Downtown Investment Advisory.
Available
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Offered by 69% of firms
Percentage of Assets
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The firm provides services to retail investors, high net worth investors and charitable organizations. Out of its 138 accounts, Downtown Investment Advisory's largest client is retail investors, but it also caters to 34 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). Around 20% of the firm's clients are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 35.79%
- Other Individuals - 61.05%
- Corporations - 0%
- Charitable Organizations - 3.16%
* 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
Downtown Investment Advisory does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Downtown Investment Advisory
West Harrison, NY
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