Foresters Investment Management Company, Inc. (New York)

Name: Foresters Investment Management Company, Inc.
Address: 40 Wall Street, New York, NY, 10005 1343
Telephone: 212-858-8000

Foresters Investment Management Company, Inc. is a large advisory firm based in New York. It manages $15.44 billion of regulatory assets for 40 client accounts. It has been registered with the SEC as an adviser since 2015.

Foresters Investment Management Company provides portfolio management for investment companies, selection of other advisers, and management of certain internal accounts as described in schedule d, misc.. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Foresters Investment Management Company: assets under management

The assets under management (AUM) of Foresters Investment Management Company, Inc. is $15.44 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 40% since the beginning of its operation, and $2.87 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $15.44 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $385.98 million each.

Investments

The firm invests in investment grade corporate bonds the most. They account for 63% of the total AUM. The second-largest asset type is state and local bonds, which make up 14% of the firm’s portfolio. Investments in government bonds form 9% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Foresters Investment Management Company, 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.

What kind of clients William Michael Lipkus serves?

The firm provides services to insurance companies and investment companies. The largest group of clients of William Michael Lipkus is investment companies with 36 clients and $11.53 billion of assets under management. Among the 12 most similar advisory firms, Foresters Investment Management Company has the 5th highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $15.4 billion for 38 clients. 3% of the firm’s clients are foreign persons or businesses.

Foresters Investment Management Company doesn't advise any private funds.

Careers at Foresters Investment Management Company, Inc.

The company employs 67 people that are either part- or full-time employees. 43 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.

William Michael Lipkus has been acting as President since 1 Sep 2007. Clark David Wagner has served as the Chief Investment Officer since 1 Feb 2018. E Blake Moore joined the executive team most recently as the Chairman.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Foresters Financial Holding Company	Holding company	1 Feb 1968	75% - 100%	13-2608329
William Michael Lipkus	Director	1 Sep 2007	Other	2944274
Marc Steven Milgram	Chief compliance officer	1 Nov 2010	Other	5332706
William Michael Lipkus	Chief administrative officer	1 Jun 2012	Other	2944274
William Michael Lipkus	Chairman	1 Aug 2012	Other	2944274
Francis Xavier Gannon	Chief financial officer	1 Apr 2013	Other	6181654
Clark David Wagner	Director	1 May 2016	Other	2169225
Clark David Wagner	Chief investment officer	1 Feb 2018	Other	2169225
E Blake Moore	Chairman	1 Feb 2018	Other	2406234

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
The Independent Order Of Foresters	Owner	1 Jan 2011	75% - 100%	23-7563162

Based in New York

The principal office where Foresters Investment Management Company, Inc. performs its advisory services is located at 40 Wall Street, New York, NY 10005 1343, 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 212-858-8000 or by fax 212-858-8119. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at forestersfinancial.com.