Klingenstein, Fields & Co., LLC is a large advisory firm based in New York. It manages $3.46 billion of regulatory assets for 1,196 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 16 other states.
Klingenstein, Fields & Co. provides financial planning services, 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 prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Klingenstein, Fields & Co., LLC is $3.46 billion. The firm's AUM has gone down by -20% since the beginning of its operation, and $66.39 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Klingenstein, Fields & Co., LLC 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.
The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Klingenstein, Fields & Co. is high net worth individuals with 413 clients and $2.76 billion of assets under management. Among the 9 most similar advisory firms, Klingenstein, Fields & Co. has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $3.46 billion for 1,195 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Klingenstein, Fields & Co. also advises several private funds. Namely, thirteen private equity funds and two venture capital funds. The minimum investment commitment required of non-related persons ranges from $5,000 to $250,000.
The company employs 27 people that are either part- or full-time employees. 48 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’s a single person 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.
The principal office where Klingenstein, Fields & Co., LLC performs its advisory services is located at 125 Park Avenue, New York, NY 10017 5529, 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 212-492-7000 or by fax 212-492-7007. The normal business hours are 9:00 to 5:00 on Monday - Friday. You can find more information about the New York firm at klingenstein.com.