Pettee Investors Inc (Rowayton)

Pettee Investors Inc is a large advisory firm based in Rowayton. It manages $158.69 million of regulatory assets for 60 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Connecticut and Michigan.

Pettee Investors provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Pettee Investors: assets under management

The assets under management (AUM) of Pettee Investors Inc is $158.69 million. The firm's AUM has grown by 87% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $155.58 million in discretionary accounts and $3.12 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.78 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $778.79 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio. Investments in investment and business development companies form 2% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Pettee Investors Inc for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Sheila Peck Pettee serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Sheila Peck Pettee is high net worth individuals with 21 clients and $141.26 million of assets under management. Among the 11 most similar advisory firms, Pettee Investors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $147.05 million for 29 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Pettee Investors doesn't advise any private funds.

Careers at Pettee Investors Inc

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 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.

Sheila Peck Pettee has been acting as President since 1 May 1989. Shelia Peck joined the executive team most recently as the President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Sheila Peck Pettee	President/chief compliance officer	1 May 1989	75% - 100%	1303484
Shelia Peck	President	1 May 1989	75% - 100%	1303484

Based in Rowayton

The principal office where Pettee Investors Inc performs its advisory services is located at 137 Rowayton Avenue, Rowayton, CT 06853 The mailing address of the firm is P.O. Box 327, Rowayton, CT 06853. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 203 9578880 or by fax 203 9578887. The normal business hours are 9:00a.m. - 5:00 p.m. on Monday - Friday.