Barrett Asset Management, LLC (New York)

Name: Barrett Asset Management, LLC
Address: 90 Park Avenue, New York, NY, 10016
Telephone: 212-983-5080

Barrett Asset Management, LLC is a large advisory firm based in New York. It manages $1.72 billion of regulatory assets for 847 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Arizona, California, Colorado, and 15 other states.

Barrett Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, and portfolio consulting. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Barrett Asset Management: assets under management

The assets under management (AUM) of Barrett Asset Management, LLC is $1.72 billion. The firm's AUM has grown by 33% since the beginning of its operation, and $39.69 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.52 billion in discretionary accounts and $199.67 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.96 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.66 million.

Barrett Asset Management has custody of $1.85 billion in cash and securities for 825 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 85% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 7% 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 Barrett Asset Management, LLC for their services and products based on a percentage of assets under management and fixed fees. 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 Robert Joseph Milnamow serves?

The firm provides services to investment companies, 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 Robert Joseph Milnamow is high net worth individuals with 637 clients and $1.56 billion of assets under management. Among the 11 most similar advisory firms, Barrett Asset Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.72 billion for 657 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.

Barrett Asset Management doesn't advise any private funds.

Careers at Barrett Asset Management, LLC

The company employs 18 people that are either part- or full-time employees. 44 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.

Robert Joseph Milnamow has been acting as President since 1 Oct 2014. Mariette Louise Graeme Campbell joined the executive team most recently as the Managing Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Douglas Olin	Trustee 2010 barrett family trust	1 Jun 2010	Other	5922438
John David Barrett Iv	Trustee 2010 barrett family trust	1 Jun 2010	Other	5922448
John David Barrett Ii	Chairman of the board	1 Apr 2011	Other	1967027
Christina Ann Bater	Managing director	1 Apr 2011	Other	2306887
Edwin Wells Beck	Managing director	1 Apr 2011	Other	2542431
Madeleine Morreale	Chief compliance officer	1 Apr 2011	Other	4545634
Christine Stuttig	Chief administrative officer	1 Apr 2011	Other	4301594
John Gray Youngman	Managing director	1 Apr 2011	Other	2160024
The 2010 Barrett Family Trust	Member	1 Apr 2011	Other	27-6675594
Robert Joseph Milnamow	Senior vice president	1 Apr 2011	Other	836748
Robert Perkins Youngman	Managing director	1 Apr 2011	Other	4301586
Peter Hepburn Shriver	President	1 Apr 2011	Other	1261296
Michael David Jamison	Managing director	1 Apr 2011	Other	1204463
Peter Hepburn Shriver	Ceo	1 Dec 2011	Other	1261296
Robert Joseph Milnamow	President	1 Oct 2014	Other	836748
Mariette Louise Graeme Campbell	Managing director	1 May 2017	Other	3139675

Based in New York

The principal office where Barrett Asset Management, LLC performs its advisory services is located at 90 Park Avenue, New York, NY 10016, 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 212-983-5080 or by fax 212-953-3240. The normal business hours are 9:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at barrettasset.com.