Beech Hill Advisors, Inc (New York)

Name: Beech Hill Advisors, Inc
Address: 880 Third Ave 16 Th Floor, New York, NY, 10022
Telephone: 212-350-7250

Beech Hill Advisors, Inc is a large advisory firm based in New York. It manages $221.08 million of regulatory assets for 505 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of California, Connecticut, Florida, and 7 other states.

Beech Hill Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and market timing services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Beech Hill Advisors: assets under management

The assets under management (AUM) of Beech Hill Advisors, Inc is $221.08 million. The firm's AUM has grown by 2% since the beginning of its operation, and $538.03 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $218.73 million in discretionary accounts and $2.35 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $436.6 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $586.32 thousand.

Beech Hill Advisors has custody of $6.6 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 75% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 15% of the firm’s portfolio. Investments in pooled investment vehicles form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Beech Hill Advisors, Inc for their services and products based on a percentage of assets under management, commissions, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Beech Hill Advisors serves?

The firm provides services to individuals, investment companies, high net worth individuals, and pooled investment vehicles. The largest group of clients of Beech Hill Advisors is high net worth individuals with 66 clients and $159.43 million of assets under management. Among the 9 most similar advisory firms, Beech Hill Advisors has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $221.08 million for 264 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.

Beech Hill 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 Beech Hill Advisors, Inc

The company employs 11 people that are either part- or full-time employees. 73 percent of the employees work as investment advisers or researchers. 8 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Paul Seth Cantor joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Paul Seth Cantor	President, stockholder	1 Dec 1987	25% - 50%	39844
William Robert Wurm	Chief investment officer, corp sec, stockholder	1 Oct 2003	25% - 50%	2354992
Joseph Bertram Weiss	Stockholder	1 Oct 2005	Other	462416
Veronica C Marton	Administrator, stockholder	1 Jan 2007	Other	2537985
Adolfo Vincent Iannuzzi	Chief operations officer	1 Jan 2012	Other	2874669
Donna Anne Fiorini	Chief compliance officer	1 Mar 2012	Other	1289258
William Robert Wurm	Chief executive officer	1 Mar 2012	25% - 50%	2354992
Paul Seth Cantor	Chief compliance officer	1 Jun 2018	25% - 50%	39844

Based in New York

The principal office where Beech Hill Advisors, Inc performs its advisory services is located at 880 Third Ave 16 Th Floor, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in Livingston, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-350-7250 or by fax 212-350-7201. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at bh-adv.com/.