Ifc Personal Money Managers, Inc. (New York)

Name: Ifc Personal Money Managers, Inc.
Address: 441 West End, New York, NY, 10024
Telephone: 212-721-8713

Ifc Personal Money Managers, Inc. is a large advisory firm based in New York. It manages $137 million of regulatory assets for 200 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California, Florida, New Jersey, New York, and Texas.

Ifc Personal Money Managers provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Ifc Personal Money Managers: assets under management

The assets under management (AUM) of Ifc Personal Money Managers, Inc. is $137 million. The company doesn't manage any assets belonging to foreign clients.

Ifc Personal Money Managers has custody of $150 million in cash and securities for 200 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 75% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 11% of the firm’s portfolio. Investments in state and local bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ifc Personal Money Managers, Inc. for their services and products based on hourly charges and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Ifc Personal Money Managers serves?

The only and largest group of clients of Ifc Personal Money Managers is high net worth individuals with 60 clients and $135 million of assets under management. Among the 7 most similar advisory firms, Ifc Personal Money Managers has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $135 million for 60 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.

Ifc Personal Money Managers doesn't advise any private funds.

Careers at Ifc Personal Money Managers, Inc.

The company employs 2 people that are either part- or full-time employees. 100 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 compensates 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
Gary Howard Schatsky	Chief compliance officer, president, sole shareholder	1 Jan 2013	75% - 100%	4648261
Gary H. Schatsky	Chief compliance officer, president	1 Jan 2013	75% - 100%	4648261
Gary Harold Schatsky	Chief compliance officer, president, sole shareholder	1 Jan 2013	75% - 100%	4648261

Based in New York

The principal office where Ifc Personal Money Managers, Inc. performs its advisory services is located at 441 West End, New York, NY 10024, 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 212-721-8713 or by fax 212-721-8714. The normal business hours are 9:00-5:00 on Monday - Friday. You can find more information about the New York firm at objectiveadvice.com.