Eliot Rose Asset Management, LLC (Cranston)

Name: Eliot Rose Asset Management, LLC
Address: 1000 Chapel View Blvd., Cranston, RI, 02920
Telephone: (401) 588-5103

Eliot Rose Asset Management, LLC is an adviser based in Cranston. It manages $75.76 million of regulatory assets for 276 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Florida, Massachusetts, New Hampshire, and Rhode Island.

Eliot Rose Asset Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Eliot Rose Asset Management: assets under management

The assets under management (AUM) of Eliot Rose Asset Management, LLC is $75.76 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 192% since the beginning of its operation, and $100 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $75.76 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $274.47 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 52% of the total AUM. The second-largest asset type is investment and business development companies, which make up 17% of the firm’s portfolio. Investments in cash and cash equivalents form 16% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Eliot Rose Asset Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Eliot Rose Asset Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Eliot Rose Asset Management is individuals with 115 clients and $49.53 million of assets under management. Among the 3 most similar advisory firms, Eliot Rose Asset Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $75.76 million for 136 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.

Eliot Rose Asset Management doesn't advise any private funds.

Careers at Eliot Rose Asset Management, LLC

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gary Steven Siperstein	Managing member	1 Apr 2002	75% - 100%	1121526
Mynde Sue Siperstein	Member	1 Apr 2002	Other	4528749
Paul Joseph Mcdermott	Chief compliance officer	1 Oct 2004	Other	2281981
Jason Eliot Siperstein	Member	1 Jan 2016	25% - 50%	5722409

Based in Cranston

The principal office where Eliot Rose Asset Management, LLC performs its advisory services is located at 1000 Chapel View Blvd., Cranston, RI 02920, 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 (401) 588-5103 or by fax (401) 588-5120. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at eliotrose.com and its LinkedIn profile.