Sky Investment Group LLC is a large advisory firm based in Hartford. It manages $416.77 million of regulatory assets for 589 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Connecticut, Florida, Texas, and Vermont.
Sky Investment Group provides portfolio management for individuals and small businesses and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Sky Investment Group LLC is $416.77 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 372% since the beginning of its operation, and $3.11 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay Sky Investment Group LLC 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.
The only and largest group of clients of Robert James Bingham is high net worth individuals with 254 clients and $416.77 million of assets under management. Among the 9 most similar advisory firms, Sky Investment Group has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $416.77 million for 254 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.
Sky Investment Group doesn't advise any private funds.
The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 5 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.
Robert James Bingham has been acting as President since 1 Mar 2005. John Pardee Wright joined the executive team most recently as the Member.
The principal office where Sky Investment Group LLC performs its advisory services is located at One Financial Plaza, Hartford, CT 06103, 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 860-761-9700 or by fax 860-761-9797. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at skyig.com.