Loeb Partners Corporation (New York)

Name: Loeb Partners Corporation
Address: 100 Wall Street, New York, NY, 10005
Telephone: 212-483-7000

Loeb Partners Corporation is a large advisory firm based in New York. It manages $455.06 million of regulatory assets for 215 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Connecticut, Maryland, New Jersey, and New York.

Loeb Partners Corporation provides portfolio management for individuals and small businesses 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.

Loeb Partners Corporation: assets under management

The assets under management (AUM) of Loeb Partners Corporation is $455.06 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 518% since the beginning of its operation, and $19.24 million of the total AUM is attributable to clients outside of the United States.

The firm manages $455.06 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.12 million each.

Loeb Partners Corporation has custody of $250.64 million in cash and securities for 28 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 65% of the total AUM. The second-largest asset type is government bonds, which make up 21% of the firm’s portfolio. Investments in cash and cash equivalents form 13% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Loeb Partners Corporation 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.

What kind of clients James Lindsey Kempner serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of James Lindsey Kempner is high net worth individuals with 48 clients and $352.64 million of assets under management. Among the 9 most similar advisory firms, Loeb Partners Corporation has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $454.94 million for 158 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 5% of the firm’s clients are foreign persons or businesses.

Loeb Partners Corporation doesn't advise any private funds.

Careers at Loeb Partners Corporation

The company employs 13 people that are either part- or full-time employees. 31 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.

James Lindsey Kempner has been acting as President since 1 Jan 2014. Lhc Marital Trust Fbo Ann Kempner joined the executive team most recently as the Trust.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Lenox Kempner	Chairman of the board, chief executive officer and chief operating officer	1 Apr 1982	Other	267535
Peter Alexandrovich Tcherepnine	Executive vice president, managing director and rosfp	1 Apr 1982	Other	443600
Loeb Holding Corporation	Shareholder	1 Apr 1982	75% - 100%	13-2870509
Arthur Edward Lee	Exec. v.p.	1 Apr 1982	Other	872608
Edward Joseph Campbell	Sr. v.p., treas., cfo	1 Apr 1982	Other	1097630
Vicki Ziegler Holleman	Sr. v.p., asst. secy., clo, cco	1 Jun 1983	Other	1367171
Norman Nelson Mintz	Vice president, director	1 Feb 1996	Other	2066168
Gideon Jeremy King	Sr. v.p.	1 Jan 1999	Other	2343944
Robert Michael Grubin	Vice president	1 Nov 2001	Other	1013062
Gideon Jeremy King	Exec. v.p.	1 Feb 2003	Other	2343944
Ligouri Gregory	Vice president	1 Mar 2004	Other	xxx-xx-xxxx
Michael Scott Emanuel	Senior vice president, general counsel	1 Mar 2004	Other	4608068
Bruce Leslie Lev	Executive vice president	1 Mar 2004	Other	xxx-xx-xxxx
Gregory Ligouri	Vice president	1 Mar 2004	Other	5037168
Blaine Gary Marder	Vice president	1 Apr 2007	Other	2123921
Joseph Alfred Jr Samluk	Vice president	1 Apr 2007	Other	2530316
Alexander Howe Mcmillan	Vice president, general counsel and chief compliance officer	1 Feb 2009	Other	2945481
Robert Scott Schwartz	Vice president, general counsel and chief compliance officer	1 Aug 2012	Other	1699487
Lynn Catherine Macdiarmid	Chief financial officer and finop	1 Jan 2013	Other	5860795
James Lindsey Kempner	President	1 Jan 2014	Other	1227912
James Michael Hayward	Cheif financial officer and finop	1 Nov 2014	Other	2872137
Jonathan Reich	Vice president, general counsel and chief compliance officer	1 Apr 2015	Other	6177376
Colleen Elizabeth Corwell	Chief compliance officer	1 Jan 2016	Other	4154751
Jigisha B Patel	Cheif financial officer	1 Jul 2018	Other	5809034

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Lhc Marital Trust Fbo Ann Kempner	Trust	1 Dec 2018	75% - 100%	35-7227011

Based in New York

The principal office where Loeb Partners Corporation performs its advisory services is located at 100 Wall Street, New York, NY 10005, 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 212-483-7000 or by fax 212-574-2001. The normal business hours are 9:00 a.m.-5:00 p.m. on Monday - Friday. You can find more information about the New York firm at loebpartners.com.