Schultze Asset Management, Lp

CRD#110927
Investment Advisor Firm

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Learn more about Schultze Asset Management, Lp

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

    Schultze Asset Management, Lp operates as an advisory company headquartered in Port Chester, New York. Schultze Asset Management, Lp has $222.7 million in assets under management across 19 customer accounts, placing it in the mid-tier of financial advisory firms in the United States by assets under management (AUM). The company has a small group, including 5 financial advisors. Schultze Asset Management, Lp does not act as a registered broker-dealer, meaning the firm cannot buy and sell securities for its own accounts as well as its customers' and instead must go through a broker-dealer firm to do so. Securities are exchangable financial investments such as bonds, stocks and options.

    Schultze Asset Management, Lp oversees all of the company's client assets in a discretionary manner. Discretionary management signifies that an investment advisor makes buy and sell decisions for the client's account without requiring the client's permission. The investment advisory firm oversees about $11.7 million in assets for every client account. The average advisor at Schultze Asset Management, Lp administers around four client accounts, making it one of the most personalized firms in the country.

    The company's headquarters is located at 800 Westchester Avenue, Port Chester, New York 10573.

    Assets Under Management

    $222.7 million

    Number of Advisors

    5

    Disclosures

    No

    Office Location

    800 Westchester Avenue
    Port Chester, NY 10573

    Schultze Asset Management, Lp by the Numbers

    Total Assets Under Management

    $222.7 million

    National Average: $8.6 billion
    Total Number of Employees

    7

    National Average: 64
    Total Number of Accounts

    19

    National Average: 375,227
    Average Account Size

    $11.7 million

    National Average: $23.0 thousand
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    Fee Structure

    A financial advisor's fees depend on the financial services offered. Fee types charged by the company likely include some blend of the following fee types: asset-based, performance-based or other. The firm does not supply a wrap fee program, in which the company offers a bundle of services for a single 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.

    • Offered by 26% of firms

      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.

    • Offered by 10% of firms

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    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 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.

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    Types of Clients

    The firm does business with a broad range of investors. The company provides services to retail investors, high net worth investors, pooled investment vehicles, pension plans, charitable organizations, insurance companies, corporations and other. Out of its 19 clients, Schultze Asset Management, Lp's largest client group is retail investors, although it also manages money for two high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 under management 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). Around 21% of the company's customers reside abroad.

    • High-Net-Worth Individuals* - 11.11%
    • Other Individuals - 33.33%
    • Corporations - 50%
    • Charitable Organizations - 5.56%

    * 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

    Schultze Asset Management, Lp does not have any disclosures.

    Please visit its Form ADV for more details.

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