Cohen & Company Financial Management, LLC (New York)


Cohen & Company Financial Management, LLC is a large advisory firm based in New York. It manages $2.13 billion of regulatory assets for 10 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdiction of Pennsylvania.

Cohen & Company Financial Management provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Cohen & Company Financial Management: assets under management

The assets under management (AUM) of Cohen & Company Financial Management, LLC is $2.13 billion. The firm's AUM has gone down by -43% since the beginning of its operation, and $100.47 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $2.13 billion in discretionary accounts and $977.48 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $236.39 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $977.48 thousand.
Cohen & Company Financial Management has custody of $1.35 million in cash and securities for 9 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cohen & Company Financial Management, LLC for their services and products based on a percentage of assets under management 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 Daniel Gideon Cohen serves?

The only and largest group of clients of Daniel Gideon Cohen is pooled investment vehicles with 9 clients and $2.13 billion of assets under management. Among the 12 most similar advisory firms, Cohen & Company Financial Management has the 5th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.13 billion for 9 clients. 89% of the firm’s clients are foreign persons or businesses.

Cohen & Company Financial Management also advises several private funds. Namely, two other private funds and eight securitized asset funds. The minimum investment commitment required of non-related persons ranges from $0 to $500,000.

Careers at Cohen & Company Financial Management, LLC

The company employs 6 people that are either part- or full-time employees. 33 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 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.

Daniel Gideon Cohen has been acting as President since 1 Jun 2003. Andrew Kenneth Davilman joined the executive team most recently as the Chief Operating Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Llc Dekania Investors Member 1 Jun 2003 75% - 100% 51-2122809
Daniel Gideon Cohen President 1 Jun 2003 Other 4385288
Michael Craig Shenkman Chief financial officer 1 Jun 2003 Other 4049356
James Joseph Mcentee Chief operations officer 1 Jun 2003 Other 4636674
Kenneth Richard Smith Chief compliance officer 1 Oct 2004 Other 2300203
Christopher Ricciardi President 1 Mar 2006 Other 2161899
Andrew Scott Hohns Managing director 1 Jan 2007 Other 4389249
Christopher Conley Managing director 1 Jan 2007 Other 1335329
Joseph Pooler Chief financial officer 1 Nov 2007 Other 5478932
Joseph William Pooler Chief financial officer 1 Nov 2007 Other 5478932
Samuel Hunt Hillier Director 1 Dec 2009 Other 5168503
Peter Opoku Addei President 1 Dec 2010 Other 4385288
Audrea Winston Washington Chief compliance officer 1 Feb 2011 Other 2780691
Peter Opoku Addei Director 1 Mar 2011 Other 4255824
Rachael Fink Chief compliance officer 1 Oct 2011 Other 5371366
Rachel Fink Chief compliance officer 1 Oct 2011 Other 5371366
Rachel Nmn Fink Chief compliance officer 1 Oct 2011 Other 5371366
Kenneth Richard Smith Chief compliance officer 1 Feb 2017 Other 2300203
Daniel Gideon Cohen Chief investment officer 1 Mar 2018 75% - 100% 4385288
Andrew Kenneth Davilman Chief operating officer 1 Apr 2018 Other 2006234

Indirect Owners

The SEC currently registers 8 indirect owners.

Name Entity Date acquired Ownership Employer ID
Daniel Gideon Cohen Member 1 Oct 2001 75% - 100% 4385288
Peter Opoku Addei Member 1 Oct 2001 75% - 100% 4385288
Llc Cohen Bros. Financial Member 1 Apr 2005 25% - 50% 30-0071447
Llc (F/K/A Cohen Brothers Llc) Ifmi Member 1 Apr 2005 75% - 100% 01-0825075
Llc (F/K/A Cohen Brothers Llc) Cohen & Company Member 1 Apr 2005 75% - 100% 01-0825075
Llc Cohen Brothers Owner 1 Apr 2005 75% - 100% 01-0825075
Inc. Institutional Financial Markets Member 1 Dec 2009 50% - 75% 16-1685692
Inc. Cohen & Company Member 1 Dec 2009 50% - 75% 16-1685692

Based in New York

The principal office where Cohen & Company Financial Management, LLC performs its advisory services is located at 3 Columbus Circle, New York, NY 10019, 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 215 701-9555. The normal business hours are 8:30 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at ifmi.com.