Schnall Advisory Services, Inc (New York)

Name: Schnall Advisory Services, Inc
Address: 350 Fifth Avenue, Suite 5917, New York, NY, 10118
Telephone: 212-967-6155

Schnall Advisory Services, Inc is a mid-sized advisory firm based in New York. It manages $106.29 million of regulatory assets for 195 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of New Jersey and New York.

Schnall Advisory Services provides financial planning services, portfolio management for individuals and small businesses, and tax planning. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Schnall Advisory Services: assets under management

The assets under management (AUM) of Schnall Advisory Services, Inc is $106.29 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 64% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $106.29 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $545.1 thousand each.

Investments

The firm invests in non-exchange traded securities the most. They account for 98% of the total AUM. The second-largest asset type is exchange traded securities, which make up 2% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Schnall Advisory Services, Inc for their services and products based on a percentage of assets under management, hourly charges, 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 Darin Zachary Schnall serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Darin Zachary Schnall is high net worth individuals with 29 clients and $105.69 million of assets under management. Among the 11 most similar advisory firms, Schnall Advisory Services has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $106.29 million for 43 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.

Schnall Advisory Services doesn't advise any private funds.

Careers at Schnall Advisory Services, Inc

The company employs 1 person that is either a part- or full-time employee. 100 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.

Darin Zachary Schnall has been acting as President since 1 May 1996. Kathryn Payne Beller joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Darin Zachary Schnall	President	1 May 1996	75% - 100%	1566274
Kathryn Payne Beller	Chief compliance officer	1 Mar 2016	Other	5072413
Darin Zachary Schnall	Chief compliance officer	1 Jun 2016	75% - 100%	1566274

Based in New York

The principal office where Schnall Advisory Services, Inc performs its advisory services is located at 350 Fifth Avenue, Suite 5917, New York, NY 10118, 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 212-967-6155 or by fax 815-301-3979. The normal business hours are 9:00 - 5:00 on Monday - Friday. You can find more information about the New York firm at schnalladvisoryservices.com.