W. H. Reaves & Co., Inc. is a large advisory firm based in Jersey City. It manages $2.81 billion of regulatory assets for 658 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, California, Connecticut, and 18 other states.
W. H. Reaves & Co. provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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.
The assets under management (AUM) of W. H. Reaves & Co., Inc. is $2.81 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 127% since the beginning of its operation, and $3.95 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay W. H. Reaves & Co., 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.
The firm provides services to individuals, insurance companies, investment companies, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of William Avrum Ferer is investment companies with 4 clients and $2.37 billion of assets under management. Among the 13 most similar advisory firms, W. H. Reaves & Co. has the highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $2.81 billion for 658 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.
W. H. Reaves & Co. doesn't advise any private funds.
The company employs 23 people that are either part- or full-time employees. 26 percent of the employees work as investment advisers or researchers. 2 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.
William Avrum Ferer has been acting as President since 1 Jul 1987. Louis Francisco Cimino joined the executive team most recently as the Reaves Board Member.
The principal office where W. H. Reaves & Co., Inc. performs its advisory services is located at 10 Exchange Place, 18 Th Floor, Jersey City, NJ 07302, 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 201-332-4596 or by fax 201-332-8593. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at whreaves.com.