Catamount Management Group LLC (Westport)


Catamount Management Group LLC is a large advisory firm based in Westport. It manages $232.24 million of regulatory assets for 593 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of California, Connecticut, New Hampshire, and 3 other states.

Catamount Management Group provides portfolio management for individuals and small businesses 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.

Catamount Management Group: assets under management

The assets under management (AUM) of Catamount Management Group LLC is $232.24 million. The firm's AUM has grown by 956% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $223.32 million in discretionary accounts and $8.93 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $434.47 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $113.01 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 61% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 31% of the firm’s portfolio. Investments in investment and business development companies form 3% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Catamount Management Group LLC 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 Catamount Management Group serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Catamount Management Group is high net worth individuals with 68 clients and $196.19 million of assets under management. Among the 8 most similar advisory firms, Catamount Management Group has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $232.24 million for 224 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.

Catamount Management Group doesn't advise any private funds.

Careers at Catamount Management Group LLC

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 4 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
Louis Francis Albanese Managing member and chief compliance officer 1 May 2003 75% - 100% 703647
Charles Robert Provini Vice president & compliance officer 1 Aug 2003 Other 1037471
Robert Byron Gaeta Director of compliance 1 Oct 2004 Other 1770315
Laurie E Stefanowicz Managing member, assistant compliance officer 1 Apr 2008 Other 5595017
Rasamy L. Thammavongsa Chief compliance officer 1 May 2008 Other 5509820
Julie Funicella Chief compliance officer 1 Jan 2009 Other 5635262
Sheila Walsh Ahern Chief compliance officer 1 Nov 2009 Other 5738495

Based in Westport

The principal office where Catamount Management Group LLC performs its advisory services is located at 943 Post Road East, Westport, CT 06880, 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 203-226-0603 or by fax 203-226-0200. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at catmg.com.