Stralem & Company, Incorporated (New York)

Name: Stralem & Company, Incorporated
Address: 551 Madison Avenue, New York, NY, 10022
Telephone: 212-888-8123

Stralem & Company, Incorporated is a large advisory firm based in New York. It manages $291.83 million of regulatory assets for 136 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of District of Columbia, Illinois, Louisiana, and 4 other states.

Stralem & Company, Incorporated provides portfolio management for individuals and small businesses, portfolio management for investment companies, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Stralem & Company, Incorporated: assets under management

The assets under management (AUM) of Stralem & Company, Incorporated is $291.83 million. The firm's AUM has grown by 10% since the beginning of its operation, and $10.64 million of the total AUM is attributable to clients outside of the United States.

The firm manages $266.15 million in discretionary accounts and $25.68 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.97 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $25.68 million.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Stralem & Company, Incorporated for their services and products based on a percentage of assets under management. 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 Hirschel B Abelson serves?

The firm provides services to investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Hirschel B Abelson is high net worth individuals with 50 clients and $111.94 million of assets under management. Among the 11 most similar advisory firms, Stralem & Company, Incorporated has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $291.83 million for 66 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.

Stralem & Company, Incorporated doesn't advise any private funds.

Careers at Stralem & Company, Incorporated

The company employs 10 people that are either part- or full-time employees. 50 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Stralem & Company, Incorporated is owned by Philippe Emile Baumann. Hirschel B Abelson has been acting as President since 1 Nov 1966. Joann Paccione joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Hirschel B Abelson	Chairman	1 Nov 1966	25% - 50%	290
Philippe Emile Baumann	Exec v.p./owner	1 Jul 1970	25% - 50%	15123
Mordecai Joel Unger	V.p/owner	1 Jun 1972	25% - 50%	451683
Irene Bergman	Senior v.p.	1 Jan 1973	Other	19289
Philippe Thierry Labaune	Executive v.p.	1 Jun 1997	Other	2773264
Adam Samuel Abelson	Chief investment officer	1 Nov 1999	Other	3074620
Andrew Jay Eras	V.p.	1 Dec 2002	Other	1289465
Andrea Baumann Lustig	President	1 Feb 2003	Other	1207387
Joann Paccione	Chief compliance officer	1 Sep 2004	Other	4894016

Based in New York

The principal office where Stralem & Company, Incorporated performs its advisory services is located at 551 Madison Avenue, New York, NY 10022, 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 212-888-8123 or by fax 212-888-8152. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at stralem.com.