Slocum Gordon & Co LLP (Newport)
Slocum Gordon & Co LLP is a large advisory firm based in Newport. It manages $219.26 million of regulatory assets for 289 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of New Hampshire, Rhode Island, and Texas.
Slocum Gordon & provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and publication of newsletters. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
Slocum Gordon &: assets under management
The assets under management (AUM) of Slocum Gordon & Co LLP is $219.26 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 66% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
Investments
The firm invests in exchange traded securities the most. They account for 55% of the total AUM. The second-largest asset type is government bonds, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 17% of the total invested assets.Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Slocum Gordon & Co LLP for their services and products based on a percentage of assets under management and hourly charges. 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 Slocum Gordon & serves?
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Slocum Gordon & is high net worth individuals with 49 clients and $114.48 million of assets under management. Among the 8 most similar advisory firms, Slocum Gordon & has the 4th lowest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $219.26 million for 193 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.
Slocum Gordon & doesn't advise any private funds.
Careers at Slocum Gordon & Co LLP
The company employs 6 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. 2 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 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.
Direct owners and executive officers
Based in Newport
The principal office where Slocum Gordon & Co LLP performs its advisory services is located at 39 Mill Street, Newport, RI 02840 The mailing address of the firm is P.O. Box 669, Newport, RI 02840. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 401-849-4900 or by fax 401-849-4947. 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 slocumgordon.com.
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