Atalanta Sosnoff Capital, LLC (New York)

Name: Atalanta Sosnoff Capital, LLC
Address: 505 Fifth Avenue, New York, NY, 10017
Telephone: 212-867-5000

Atalanta Sosnoff Capital, LLC is a large advisory firm based in New York. It manages $3.05 billion of regulatory assets for 163 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Atalanta Sosnoff Capital provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Atalanta Sosnoff Capital: assets under management

The assets under management (AUM) of Atalanta Sosnoff Capital, LLC is $3.05 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 36% since the beginning of its operation, and $9.85 million of the total AUM is attributable to clients outside of the United States.

The firm manages $3.05 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $18.72 million each.

Atalanta Sosnoff Capital has custody of $33.47 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in government bonds the most. They account for 35% of the total AUM. The second-largest asset type is exchange traded securities, which make up 34% of the firm’s portfolio. Investments in investment grade corporate bonds form 27% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Atalanta Sosnoff Capital, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Atalanta Sosnoff Capital serves?

The firm provides services to charitable organizations, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Atalanta Sosnoff Capital is pension and profit sharing plans with 116 clients and $2.71 billion of assets under management. Among the 7 most similar advisory firms, Atalanta Sosnoff Capital has the 2nd highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $3.05 billion for 163 clients. 1% of the firm’s clients are foreign persons or businesses.

Atalanta Sosnoff Capital also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Atalanta Sosnoff Capital, LLC

The company employs 39 people that are either part- or full-time employees. 18 percent of the employees work as investment advisers or researchers. 3 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mts Holding Corp.	100% owner	1 Jun 1986	75% - 100%	13-3339071
Kevin Sean Kelly	Coo, cfo, cco	1 Apr 2002	Other	3249552
Kevin Sean Kelly	Member, chief operating officer, chief financial officer, chief compliance officer	1 May 2010	Other	3249552
Llc Evercore Partners Services East	Member	1 May 2010	25% - 50%	01-0552543
Craig B Steinberg	Member, president, director of research, portfolio manager	1 May 2010	Other	2133573
John Patrick Mcmullan	Member, portfolio mananger	1 May 2010	Other	2783541
Robert Fred Ruland	Member, portfolio manager	1 May 2010	Other	2716387
Martin Toby Sosnoff	Member, ceo, cio	1 May 2010	25% - 50%	1072770

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Evercore Group Holdings Llc	General partner	1 Jan 2003	Other	43-2002974
Evercore Partners Inc	General partner	1 Jan 2003	75% - 100%	20-4748747
Evercore Group Holdings Lp	Managing member	1 Dec 2003	75% - 100%	43-2002980
Martin Toby Sosnoff	Owner of holding company	1 Dec 2003	75% - 100%	1072770
Evercore Lp	Limited partner	1 Aug 2006	75% - 100%	20-5110083

Based in New York

The principal office where Atalanta Sosnoff Capital, LLC performs its advisory services is located at 505 Fifth Avenue, New York, NY 10017, which is also the mailing address of the firm. An additional office of the firm is in Honolulu, HI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-867-5000 or by fax 212-922-1820. 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 atalantasosnoff.com.