Cohen & Steers Capital Management, Inc. is a large advisory firm based in New York. It manages $53.88 billion of regulatory assets for 153 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.
Cohen & Steers Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and portfolio consulting svcs, index maintenance svcs. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Cohen & Steers Capital Management, Inc. is $53.88 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1026% since the beginning of its operation, and $14.84 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Cohen & Steers Capital Management, Inc. for their services and products based on a percentage of assets under management and performance-based fees. 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.
The firm provides services to insurance companies, investment companies, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Joseph Martin Harvey is investment companies with 30 clients and $30.22 billion of assets under management. Among the 8 most similar advisory firms, Cohen & Steers Capital Management has the highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $53.54 billion for 147 clients. 29% of the firm’s clients are foreign persons or businesses.
Cohen & Steers Capital Management also advises several private funds. Namely, one real estate fund and one other private fund. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $5,000,000.
The company employs 288 people that are either part- or full-time employees. 14 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Joseph Martin Harvey has been acting as President since 1 Aug 2003. Lisa Donoghue Phelan joined the executive team most recently as the Executive Vice President, Chief Compliance Officer.
The principal office where Cohen & Steers Capital Management, Inc. performs its advisory services is located at 280 Park Ave, New York, NY 10017 1216, 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 (212) 832-3232 or by fax (212) 832-3622. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at cohenandsteers.com.