Resnick Investment Advisors, LLC (Westport)

Name: Resnick Investment Advisors, LLC
Address: 20 Ketchum Street, Westport, CT, 06880
Telephone: 203-226-8262

Resnick Investment Advisors, LLC is a large advisory firm based in Westport. It manages $955.42 million of regulatory assets for 2,668 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Arizona, California, Colorado, and 20 other states.

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

Resnick Investment Advisors: assets under management

The assets under management (AUM) of Resnick Investment Advisors, LLC is $955.42 million. The firm's AUM has grown by 304% since the beginning of its operation, and $995.27 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $911 million in discretionary accounts and $44.42 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $353.38 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $493.51 thousand.

Resnick Investment Advisors has custody of $74.88 million in cash and securities for 167 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 54% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 33% of the firm’s portfolio. Investments in other assets form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Resnick Investment Advisors, LLC for their services and products based on a percentage of assets under management, 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 Resnick Investment Advisors serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Resnick Investment Advisors is high net worth individuals with 268 clients and $717.18 million of assets under management. Among the 8 most similar advisory firms, Resnick Investment Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $955.42 million for 896 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.

Resnick Investment Advisors doesn't advise any private funds.

Careers at Resnick Investment Advisors, LLC

The company employs 23 people that are either part- or full-time employees. 83 percent of the employees work as investment advisers or researchers. 16 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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.

Focus Financial Partners Inc. joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Martin Resnick	Managing director	1 Jan 1995	Other	1345517
David Samuel Fishman	Managing director, member	1 Jan 1995	Other	1815200
Janet Brown Roberts	Managing director, member	1 Jan 1995	Other	1647237
John Anthony Fitzgerald	Managing director	1 Jan 2001	Other	1160171
Joseph Bernard Mcbride	Managing director	1 Jan 2001	Other	3123132
Llc Focus Operating	Member	1 Jun 2006	75% - 100%	20-8161914
Llc Focus Financial Partners	Member	1 Jun 2006	75% - 100%	2441476
Eric Joseph Moeller	Chief compliance officer	1 Mar 2007	Other	2220676
Jay Caraviello	Chief executive officer	1 Jan 2015	Other	6469004

Indirect Owners

The SEC currently registers 11 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Lp Summit Partners Vi (Gp)	General partner	1 Dec 2000	Other	04-3540852
Llc Summit Partners Vi (Gp)	General partner	1 Dec 2000	Other	135263
L.P. Summit Ventures Vi A	Member	1 Jul 2005	50% - 75%	04-3540853
L.P. Summit Ventures Vi A	Member (manager)	1 Jan 2006	25% - 50%	04-3540853
Llc Focus Financial Partners	Member	1 Jan 2007	75% - 100%	16-1728260
L.P. Cp Falcon Aiv	Member	1 Oct 2013	25% - 50%	36-4767158
L.P. Trident Vi Parallel Fund	Member	1 Apr 2017	75% - 100%	98-1132009
Trident Ffp Blocker Llc	Limited partner	1 May 2017	25% - 50%	82-1662776
L.P. Trident Vi	Limited partner	1 May 2017	25% - 50%	98-1131820
L.P. Trident Ffp	Member	1 Jul 2017	25% - 50%	82-1662703
Focus Financial Partners Inc.	Member	1 Jul 2018	75% - 100%	47-4780811

Based in Westport

The principal office where Resnick Investment Advisors, LLC performs its advisory services is located at 20 Ketchum Street, Westport, CT 06880, 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 203-226-8262 or by fax 203-227-1320. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at resnickadvisors.com.