Fischer & Co., LP (New York)

Name: Fischer & Co., LP
Address: 767 3 Rd Avenue, New York, NY, 10017
Telephone: 212-759-4400

Fischer & Co., LP is a large advisory firm based in New York. It manages $500.3 million of regulatory assets for 32 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdiction of New York.

Fischer & Co. provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Fischer & Co.: assets under management

The assets under management (AUM) of Fischer & Co., LP is $500.3 million. The firm's AUM has grown by 533% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $430.74 million in discretionary accounts and $69.57 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $14.85 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $23.19 million.

Fischer & Co. has custody of $30.19 million in cash and securities for 6 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 48% of the total AUM. The second-largest asset type is investment and business development companies, which make up 31% of the firm’s portfolio. Investments in exchange traded securities form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fischer & Co., LP for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Fischer & Co. serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Fischer & Co. is high net worth individuals with 23 clients and $405.56 million of assets under management. Among the 5 most similar advisory firms, Fischer & Co. has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $412.97 million for 26 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.

Fischer & Co. also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons ranges from $500,000 to $1,000,000.

Careers at Fischer & Co., LP

The company employs 8 people that are either part- or full-time employees. 88 percent of the employees work as investment advisers or researchers. No 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
Fischer Family Partners Lp	Owner	1 Jan 2002	50% - 75%	820552898
Llc Fischer & Co.	General partner	1 Jan 2002	Other	13-4194595
Jeffrey M. Fischer	Managing partner	1 Jan 2002	25% - 50%	4443303
David Choe	Partner	1 Jan 2004	25% - 50%	2939805
David (Nmn) Choe	Partner	1 Jan 2004	25% - 50%	2939805
Eric W Sacks	Chief compliance officer	1 Oct 2004	Other	4939698
Paul N Campbell	Chief compliance officer	1 Jan 2007	Other	5316994
James Howardcullum Clark	Partner	1 Jan 2008	Other	2468714
Karen Bowen	Chief compliance officer/ chief financial officer	1 Jul 2010	Other	5904022
Justin Castenskiold Waterman	Managing director	1 Oct 2013	Other	4569649
Justin C Waterman	Managing director	1 Oct 2013	Other	4569649
Alfredo Armando Risi	Chief operating officer/chief compliance officer	1 Sep 2015	Other	5223406

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Fischer Alan	Owner	1 Jan 2002	75% - 100%	4789311
Fischer Alan	Owner	1 Apr 2002	75% - 100%	4789311
Fischer Family Investments Llc	General partner	1 Apr 2002	Other	82-0552898

Based in New York

The principal office where Fischer & Co., LP performs its advisory services is located at 767 3 Rd Avenue, New York, NY 10017, 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 212-759-4400 or by fax 212-759-5756. The normal business hours are 9:00am-6:00pm on Monday - Friday. You can find more information about the New York firm at fischerandco.com.