Intermarket Corporation (New York)


Intermarket Corporation is a large advisory firm based in New York. It manages $582.62 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of New York.

Intermarket Corporation 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.

Intermarket Corporation: assets under management

The assets under management (AUM) of Intermarket Corporation is $582.62 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -13% since the beginning of its operation, and $268.66 million of the total AUM is attributable to clients outside of the United States.

The firm manages $582.62 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $194.21 million each.
Intermarket Corporation has custody of $582.62 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Intermarket Corporation for their services and products based on a percentage of assets under management and performance-based fees. 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 Intermarket Corporation serves?

The only and largest group of clients of Intermarket Corporation is pooled investment vehicles with 3 clients and $582.62 million of assets under management. Among the 7 most similar advisory firms, Intermarket Corporation has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $582.62 million for 3 clients. 33% of the firm’s clients are foreign persons or businesses.

Intermarket Corporation also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Intermarket Corporation

The company employs 9 people that are either part- or full-time employees. 78 percent of the employees work as investment advisers or researchers. No 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


Name Entity Date acquired Ownership Employer ID
David B Forer Co-chief executive officer and managing director 1 Sep 2000 50% - 75% 6029947
Thomas P Borger Co-chief executive officer and managing director 1 Sep 2000 50% - 75% 6029949
Steve Blincoe Chief compliance officer 1 Aug 2012 Other 6116074
Sheldon Kalman Rubin Chief financial officer 1 Oct 2016 Other 4331987

Based in New York

The principal office where Intermarket Corporation performs its advisory services is located at 888 Seventh Avenue, 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 212-593-1550 or by fax 212-832-4997. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at intermarket.us/.