Kutz And Company Inc. (Great Neck)

Kutz And Company Inc. is a mid-sized advisory firm based in Great Neck. It manages $61.13 million of regulatory assets for 111 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Florida, New Jersey, New York, and Texas.

Kutz And Company provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Kutz And Company: assets under management

The assets under management (AUM) of Kutz And Company Inc. is $61.13 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 9% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $61.13 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $550.74 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 55% of the total AUM. The second-largest asset type is exchange traded securities, which make up 40% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kutz And Company Inc. for their services and products based on a percentage of assets under management and hourly charges. 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 Andrew B Kutz serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Andrew B Kutz is high net worth individuals with 11 clients and $38.04 million of assets under management. Among the 4 most similar advisory firms, Kutz And Company has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $61.13 million for 66 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.

Kutz And Company doesn't advise any private funds.

Careers at Kutz And Company Inc.

The company employs 2 people that are either part- or full-time employees. 50 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 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.

Andrew B Kutz has been acting as President since 1 Dec 1995. Paul Joseph Kutz joined the executive team most recently as the Vp/Cco.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Paul Joseph Kutz	Vp/cco	1 Dec 1995	50% - 75%	4620932
Andrew B Kutz	President	1 Dec 1995	50% - 75%	4686896

Based in Great Neck

The principal office where Kutz And Company Inc. performs its advisory services is located at 475 Northern Blvd, Great Neck, NY 11021, 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 516-482-1158 or by fax 516-829-5312. The normal business hours are 8-4 on Monday - Friday.