Platinum Advisory Services LLC (New York)


Platinum Advisory Services LLC is a large advisory firm based in New York. It manages $100 million of regulatory assets for 50 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Connecticut, Florida, New Hampshire, and 4 other states.

Platinum Advisory Services 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 less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Platinum Advisory Services: assets under management

The assets under management (AUM) of Platinum Advisory Services LLC is $100 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 186% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $100 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Platinum Advisory Services LLC for their services and products based on a percentage of assets under management, hourly charges, 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.

Indirect Owners

The SEC currently registers 5 indirect owners.

Name Entity Date acquired Ownership Employer ID
James Steven Anchin Executive committee member 1 Oct 1977 Other 4367563
Matthew Robert Rosenberg Executive committee member 1 Oct 1986 Other 4367574
Richard Gary Schneidman Executive committee member 1 Aug 1995 Other 4367579
Frank Alexander Schettino Executive committee member 1 Oct 2000 Other 4367593
Block & Anchin Llp Anchin Member 1 Dec 2002 75% - 100% 13-0436940

Based in New York

The principal office where Platinum Advisory Services LLC performs its advisory services is located at 1375 Broadway, New York, NY 10018, 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 212-840-3456 or by fax 212-840-7066. The normal business hours are 9-5 on Monday - Friday.