Clear Point Advisors, Inc. (Melville)

Name: Clear Point Advisors, Inc.
Address: One Huntington Quadrangle, Suite 2 S10, Melville, NY, 11747
Telephone: 631.333.2121

Clear Point Advisors, Inc. is a large advisory firm based in Melville. It manages $152.16 million of regulatory assets for 148 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of California, Florida, New Jersey, New York, and Texas.

Clear Point Advisors provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Clear Point Advisors: assets under management

The assets under management (AUM) of Clear Point Advisors, Inc. is $152.16 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 98% since the beginning of its operation, and $3 million of the total AUM is attributable to clients outside of the United States.

The firm manages $152.16 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.03 million each.

Clear Point Advisors has custody of $35.58 million in cash and securities for 87 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 51% of the total AUM. The second-largest asset type is exchange traded securities, which make up 31% of the firm’s portfolio. Investments in non-exchange traded securities form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Clear Point Advisors, Inc. for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Steven Charles Brill serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Steven Charles Brill is high net worth individuals with 68 clients and $114.41 million of assets under management. Among the 8 most similar advisory firms, Clear Point Advisors has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $152.16 million for 148 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Clear Point Advisors doesn't advise any private funds.

Careers at Clear Point Advisors, Inc.

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Steven Charles Brill has been acting as President since 1 Feb 1998. Charles Alton Kerner joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Steven Charles Brill	President	1 Feb 1998	75% - 100%	872514
Robert Lawrence Levine	Chief operations officer	1 Jul 2005	Other	4497608
Barry Evan Dampf	Managing director	1 Jul 2008	Other	1172107
Barry Evan Dampf	Managing director	1 Jan 2009	Other	1172107
Robert Lawrence Levine	Director/chief compliance officer	1 Dec 2010	Other	4497608
Charles Alton Kerner	Director	1 Jan 2011	Other	4611030
Charles A Kerner	Director	1 Jan 2011	Other	4611030

Based in Melville

The principal office where Clear Point Advisors, Inc. performs its advisory services is located at One Huntington Quadrangle, Suite 2 S10, Melville, NY 11747, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 631.333.2121 or by fax 516.403.1892. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at cptadvisors.com.