Fenimore Asset Management, Inc. is a large advisory firm based in Cobleskill. It manages $3.13 billion of regulatory assets for 1,031 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Colorado, Connecticut, and 16 other states.
Fenimore Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Fenimore Asset Management, Inc. is $3.13 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 366% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Fenimore Asset Management, Inc. 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.
The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of John William Krueger is investment companies with 3 clients and $1.76 billion of assets under management. Among the 9 most similar advisory firms, Fenimore Asset Management has the highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $3.1 billion for 537 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.
Fenimore Asset Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.
The company employs 31 people that are either part- or full-time employees. 52 percent of the employees work as investment advisers or researchers. 9 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 receive compensation from other entities for client referrals.
John William Krueger has been acting as President since 1 Jan 1991. Chris F Dennison joined the executive team most recently as the Chief Operating Officer.
The principal office where Fenimore Asset Management, Inc. performs its advisory services is located at 384 N Grand Street, Cobleskill, NY 12043 0310, which is also the mailing address of the firm. An additional office of the firm is in Santa Fe, NM. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 518-234-4393 or by fax 518-234-4421. The normal business hours are 8:30 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at famfunds.com/about-fenimore-asset-management/.