Catherine Avery Investment Management LLC (Greenwich)

Name: Catherine Avery Investment Management LLC
Address: 37 Arch Street Suite 2 C, Greenwich, CT, 06830
Telephone: 203-717-1850

Catherine Avery Investment Management LLC is a large advisory firm based in Greenwich. It manages $125.28 million of regulatory assets for 289 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Connecticut, Florida, and New York.

Catherine Avery Investment Management provides financial planning services, portfolio management for individuals and small businesses, and subadvisor fees. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Catherine Avery Investment Management: assets under management

The assets under management (AUM) of Catherine Avery Investment Management LLC is $125.28 million. The firm's AUM has grown by 11% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $120.77 million in discretionary accounts and $4.5 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $420.82 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.25 million.

Investments

The firm invests in exchange traded securities the most. They account for 92% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 7% of the firm’s portfolio. Investments in investment and business development companies form 1% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Catherine Avery Investment Management 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.

What kind of clients Catherine Avery Investment Management serves?

The only and largest group of clients of Catherine Avery Investment Management is high net worth individuals with 32 clients and $27.8 million of assets under management. Among the 8 most similar advisory firms, Catherine Avery Investment Management has the lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $27.8 million for 32 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.

Catherine Avery Investment Management doesn't advise any private funds.

Careers at Catherine Avery Investment Management LLC

The company employs 3 people that are either part- or full-time employees. 67 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Catherine Angela Maniscalco Avery	Managing member/chief compliance officer	1 Aug 2007	75% - 100%	1427402

Based in Greenwich

The principal office where Catherine Avery Investment Management LLC performs its advisory services is located at 37 Arch Street Suite 2 C, Greenwich, CT 06830, 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 203-717-1850 or by fax 203-717-1851. 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 caimllc.com.