Peter Kimmelman Asset Management Lp
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Overview
Peter Kimmelman Asset Management Lp is an advisory company based in New York, New York. The firm controls $533.4 million in assets under management over 57 customer accounts, placing it among the larger firms in the United States by assets under management (AUM). The company has a small team, including 4 financial advisors. Peter Kimmelman Asset Management Lp is not a registered broker-dealer, meaning it cannot buy and sell securities for its accounts and those of its clients and instead is required to go through a broker-dealer company to do so. Securities are exchangable fiscal assets such as equities, bonds and options.
Peter Kimmelman Asset Management Lp oversees the majority of its client assets on a discretionary basis. Discretionary management is a structure in which buy and sell judgments are made by an investment advisor without requiring the customer's permission. It also administers 20 non-discretionary accounts totaling $258.0 million in assets under management. The advisory firm supervises an average of $9.4 million in assets for each client account. The average advisor at Peter Kimmelman Asset Management Lp administers about 14 client accounts, making it one of the more individualized firms in the country.
Peter Kimmelman Asset Management Lp's main office is located at 800 Third Avenue, Suite 3100, New York, New York 10022-7667. It is permitted to provide services to investors in the state of New York.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Peter Kimmelman Asset Management Lp by the Numbers
$533.4 million
8
57
$9.4 million
Products and Services
Peter Kimmelman Asset Management Lp provides a number of services, which can include portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients, selection of other advisers and other services. Peter Kimmelman Asset Management Lp does not sell products or offer services other than investment advice to its investment advisory clients. Peter Kimmelman Asset Management Lp is affiliated with a number of other service providers in the financial services industry, including with a lawyer or law firm and commodity pool advisor.
Core Advisor Services
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Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees charged by financial advisors largely are based on which services the firm provides the client. Fees billed by the firm likely consist of the following fee structures: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the company.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 26% of firms
Performance-based
Unavailable
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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
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Find one of the 0% of firms that offer this fee type
Subscription
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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 company caters to high net worth investors, pooled investment vehicles, charitable organizations and corporations. Out of its 57 accounts, Peter Kimmelman Asset Management Lp's biggest client type by number of accounts is pooled investment vehicles, though it also caters to 16 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 in AUM or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 7% of the firm's customers are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 28.07%
- Other Individuals - 0%
- Corporations - 70.18%
- Charitable Organizations - 1.75%
* 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
Peter Kimmelman Asset Management Lp does not have any disclosures.
Please visit its Form ADV for more details.
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