Gamco Asset Management Inc
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Overview
Gamco Asset Management Inc is a financial advisor firm headquartered in Rye, New York. The company administers $10.6 billion in assets throughout 1,750 accounts, making it one of the biggest firms in the country by assets under management (AUM). It has a large group, including 23 financial advisors. Gamco Asset Management Inc is not a registered broker-dealer, meaning it 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 tradable fiscal assets like options, equities and bonds.
Gamco Asset Management Inc manages the majority of the company's client assets in a discretionary manner. Discretionary management is a structure in which an investment advisor has the discretion to make buy and sell decisions without needing client consent. The company also has six non-discretionary accounts with a total of $22.8 million in assets under management. The company administers an average of $6.1 million for each account. The typical financial advisor at Gamco Asset Management Inc administers about 76 client accounts.
Gamco Asset Management Inc's headquarters is located at One Corporate Center, Rye, New York 10580-1422. Gamco Asset Management Inc is allowed to serve customers across 45 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Gamco Asset Management Inc by the Numbers
$10.6 billion
101
1,750
$6.1 million
Fee Structure
Fees for financial management depend on the type of financial services offered. Fee types billed by the firm may include some combination of the following fee structures: asset-based, fixed, performance-based or other. Gamco Asset Management Inc does participate in a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
-
Offered by 32% of firms
Fixed
-
Offered by 10% of firms
Other
Unavailable
Types of Clients
The company works with a broad range of clients. The firm caters to high net worth investors, investment companies, pension plans, charitable organizations, state or municipal government entities and corporations. Out of its 1,750 clients, Gamco Asset Management Inc's largest client is high net worth investors, although it also caters to 1,431 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 under management or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of its clients are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 81.77%
- Other Individuals - 0%
- Corporations - 9.83%
- Charitable Organizations - 8.4%
* 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
Gamco Asset Management Inc does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Gamco Asset Management Inc
Rye, NY
Rye, NY
Rye, NY
Rye, NY
Rye, NY
Deerfield, IL
Rye, NY
Rye, NY
Rye, NY
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