Downtown Investment Advisory
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Learn more about Downtown Investment Advisory
Overview
Downtown Investment Advisory operates as a financial advisory firm headquartered in White Plains, New York. It has $146.8 million in total assets across 151 customer accounts, placing it in the mid-tier of investment advisory firms in the United States by assets under management (AUM). The firm has a small team of one employee who is a financial advisor. Downtown Investment Advisory does not act as a registered broker-dealer, signifying that it cannot buy and sell securities for its clients' and own accounts and instead must go through a broker-dealer firm to do so. Securities are defined as exchangable financial investments such as bonds, stocks and options.
Downtown Investment Advisory manages all of the company's client assets on a discretionary basis. Discretionary management is a structure in which buy and sell choices for the client's account are made by a portfolio manager without requiring the client's approval. The advisory firm administers an average of $972,263 for every customer account. The typical advisor at Downtown Investment Advisory manages around 151 client accounts.
The firm's central office is at 360 Hamilton Avenue, White Plains, New York 10601. The company is allowed to provide services to clients throughout a few states, including California, New York and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Downtown Investment Advisory by the Numbers

$146.8 million

1

151

$972.3 thousand
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Fee Structure
Fees charged by financial advisors typically depend on which service is offered. However, fee types charged by the company typically consist of the following fee types: asset-based. The company does not supply a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.
Available
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Offered by 74% of firms
Percentage of Assets
Unavailable
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Find one of the 35% of firms that offer this fee type
Hourly
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Find one of the 2% of firms that offer this fee type
Commissions
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Find one of the 17% of firms that offer this fee type
Performance-based
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Find one of the 1% of firms that offer this fee type
Subscription
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Find one of the 40% of firms that offer this fee type
Fixed
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Find one of the 12% of firms that offer this fee type
Other
Types of Clients
Downtown Investment Advisory works with a number of different customers. The company caters to retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 151 customers, Downtown Investment Advisory's largest client type by number of accounts is retail investors, but it also caters to 29 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 in AUM 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). About 16% of the firm's clients are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 40.85%
- Other Individuals - 46.48%
- Corporations - 7.04%
- Charitable Organizations - 5.63%
* 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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