Tag Associates LLC (New York)

Name: Tag Associates LLC
Address: 810 Seventh Avenue, New York, NY, 10019 5890
Telephone: 212-275-1500

Tag Associates LLC is a large advisory firm based in New York. It manages $8.05 billion of regulatory assets for 1,101 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of California, Connecticut, Florida, and 3 other states.

Tag Associates provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, 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.

Tag Associates: assets under management

The assets under management (AUM) of Tag Associates LLC is $8.05 billion. The firm's AUM has grown by 164% since the beginning of its operation, and $60.94 million of the total AUM is attributable to clients outside of the United States.

The firm manages $290.91 million in discretionary accounts and $7.76 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.16 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $7.69 million.

Tag Associates has custody of $580.65 million in cash and securities for 47 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 60% of the total AUM. The second-largest asset type is exchange traded securities, which make up 17% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Tag Associates LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Stanley Howard Pantowich serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Stanley Howard Pantowich is high net worth individuals with 97 clients and $7.81 billion of assets under management. Among the 6 most similar advisory firms, Tag Associates has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $8.03 billion for 105 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Tag Associates also advises several private funds. Namely, six hedge funds and one other private fund. The minimum investment commitment required of non-related persons ranges from $10,000 to $5,000,000.

Careers at Tag Associates LLC

The company employs 68 people that are either part- or full-time employees. 32 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 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.

Stanley Howard Pantowich has been acting as President since 1 Oct 2010. Gary Lee Fuhrman joined the executive team most recently as the Chairman.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Tag Associates Holding	Member	1 Jan 2002	75% - 100%	52-2328320
Stanley H Pantowich	President & managing director	1 Jan 2002	Other	4332318
Mark L Friedman	Exec. vice pres.,managing director, cfo & secretary	1 Jan 2002	Other	4332326
Robyn S Transport	Exec.vice pres.,managing director & treasurer	1 Jan 2002	Other	4332331
Stanley Howard Pantowich	President & managing director	1 Jan 2002	Other	4332318
Mark Lee Friedman	Exec. vice pres.,managing director, cfo & secretary	1 Jan 2002	Other	4332326
Robyn Sue Transport	Exec.vice pres.,managing director & treasurer	1 Jan 2002	Other	4332331
Jorge L Gonzalez	Chief compliance officer	1 Jan 2004	Other	5029188
Stanley Howard Pantowich	Chief executive officer & managing director	1 Mar 2007	Other	4332318
Mark Lee Friedman	Managing director, & secretary	1 Mar 2007	Other	4332326
David Eric Basner	President and cfo	1 Mar 2007	Other	2584369
Dianne Richoz Barclay	Managing director & human resources	1 Mar 2008	Other	5509725
Stanley Howard Pantowich	Chairman	1 Oct 2010	Other	4332318
David Eric Basner	Chief executive officer	1 Oct 2010	Other	2584369

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Gf Management & Advisors Llc	Member	1 Jul 2001	Other	52-2328321
Gary Lee Fuhrman	Member	1 Jul 2001	75% - 100%	1190508
Gary Lee Fuhrman	Chairman	1 Oct 2009	75% - 100%	1190508
David Eric Basner	President	1 Oct 2009	Other	2584369

Based in New York

The principal office where Tag Associates LLC performs its advisory services is located at 810 Seventh Avenue, New York, NY 10019 5890, which is also the mailing address of the firm. An additional office of the firm is in Ketchum, ID. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-275-1500 or by fax 212-275-1510. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at tagassoc.com and its LinkedIn profile.