Montrose Advisors Inc (New York)


Montrose Advisors Inc is a mid-sized advisory firm based in New York. It manages $150.14 million of regulatory assets for 17 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of New York and Texas.

Montrose Advisors provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, 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.

Montrose Advisors: assets under management

The assets under management (AUM) of Montrose Advisors Inc is $150.14 million. The firm's AUM has gone down by -43% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $64.71 million in discretionary accounts and $85.43 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.04 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $85.43 million.
Montrose Advisors has custody of $15 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 64% of the total AUM. The second-largest asset type is other assets, which make up 16% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Montrose Advisors 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 John Angus Lubbock serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of John Angus Lubbock is high net worth individuals with 15 clients and $40.47 million of assets under management. Among the 8 most similar advisory firms, Montrose Advisors has the lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $55.33 million for 16 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.

Montrose Advisors 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 Montrose Advisors Inc

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people 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.

John Angus Lubbock has been acting as President since 1 Dec 2012. Anthony Panebianco joined the executive team most recently as the Director.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Kenneth Miles Lubbock President and shareholder and director and treasurer 1 Sep 1992 75% - 100% 2089657
Lisa Train Shareholder and director 1 Sep 1992 Other 1481272
Nina T Choa Shareholder 1 Sep 1992 Other 1481270
Helen T Klebnikov Shareholder 1 Sep 1992 Other 1481273
John Train Honorary chairman 1 Sep 1992 Other 448770
John J. Trask Treasurer and director 1 Sep 1992 Other 4355630
Nina Teresa Train Shareholder 1 Sep 1992 25% - 50% 1481270
Helen Train Shareholder 1 Sep 1992 25% - 50% 1481273
Lisa Train Vice president and shareholder and director 1 Feb 1996 25% - 50% 1481272
Lois Mcnaughton Chief compliance officer 1 Mar 2002 Other 4177100
Lois Bockemuhl Chief compliance officer 1 Mar 2002 Other 4177100
Harry R. Heitman Director 1 Mar 2003 Other 4649709
Joshua De Sola Mendes Vice president 1 Mar 2004 Other 3101388
Donald L Maggin Director 1 Mar 2005 Other 4937711
Anthony Panebianco Director 1 May 2009 Other 5641685
John Angus Lubbock Director 1 Dec 2012 Other 4924601

Based in New York

The principal office where Montrose Advisors Inc performs its advisory services is located at 505 Park Avenue, 20 Th Floor, New York, NY 10022, 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 212-888-4747 or by fax 212-888-4018. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at montroseadvisors.com.