Schultze Asset Management, Lp
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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
Number of Advisors
Disclosures
Office Location
Schultze Asset Management, Lp by the Numbers
$222.7 million
7
19
$11.7 million
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
-
Offered by 26% of firms
Performance-based
-
Offered by 10% of firms
Other
Unavailable
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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