Gabelli Funds, LLC (Rye)

Name: Gabelli Funds, LLC
Address: One Corporate Center, Rye, NY, 10580 1422
Telephone: 914-921-5000

Gabelli Funds, LLC is a large advisory firm based in Rye. It manages $22.04 billion of regulatory assets for 46 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of New Jersey and New York.

Gabelli Funds provides portfolio management for investment companies and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Gabelli Funds: assets under management

The assets under management (AUM) of Gabelli Funds, LLC is $22.04 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 102% since the beginning of its operation, and $786.75 million of the total AUM is attributable to clients outside of the United States.

The firm manages $22.04 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $479.1 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Gabelli Funds, LLC for their services and products based on a percentage of assets under management and performance-based fees. 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 Gabelli Funds serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Gabelli Funds is investment companies with 31 clients and $21.25 billion of assets under management. Among the 10 most similar advisory firms, Gabelli Funds has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $22.04 billion for 34 clients. 9% of the firm’s clients are foreign persons or businesses.

Gabelli Funds also advises several private funds. Namely, four hedge funds. The minimum investment commitment required of non-related persons is $1,000 for each fund.

Careers at Gabelli Funds, LLC

The company employs 55 people that are either part- or full-time employees. 67 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Mario Joseph Gabelli has served as the Chief Investment Officer since 1 Feb 1999. Richard John Walz joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Gamco Investors	Sole member	1 Feb 1999	75% - 100%	13-4007862
Mario Joseph Gabelli	Chief investment officer	1 Feb 1999	Other	216136
Bruce N Alpert	Executive vp and coo	1 Feb 1999	Other	1567881
Gabelli Asset Management Inc. ("Gami")	Sole member	1 Feb 1999	75% - 100%	13-4007862
Constantine Anthony Coutsouros	Chief financial officer	1 Feb 1999	Other	2164828
James Ernest Mckee	Secretary	1 Feb 1999	Other	2469765
Michael Rocco Anastasio	Chief accounting officer	1 Sep 2003	Other	4303783
Michael Rocco Anastasio	Chief financial officer	1 Aug 2004	Other	4303783
Peter Dodkin Goldstein	Chief compliance officer	1 Oct 2004	Other	2898210
Peter D. Goldstein	Chief compliance officer	1 Oct 2004	Other	2898210
Agnes Nora Mullady	Vice president of gabelli funds, llc and president and coo of the open-end fund division	1 Apr 2007	Other	1732384
David Marc Goldman	Vice president, corporate development and general counsel	1 Jan 2011	Other	3191963
Robert Zucccaro	Chief financial officer	1 Feb 2011	Other	4240378
Kieran Douglas Caterina	Co-chief accounting officer	1 Mar 2012	Other	3049042
Diane Marie Lapointe	Co-chief accounting officer	1 Mar 2012	Other	4855171
Richard John Walz	Chief compliance officer	1 Mar 2015	Other	1392836

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Mario Joseph Gabelli	Ceo, director and shareholder of common stock	1 Nov 1976	75% - 100%	216136
Inc. Gabelli Group Capital Partners	Shareholder of class b common stock	1 Feb 1999	75% - 100%	13-3056041
Inc. Ggcp	Shareholder of class b common stock	1 Feb 1999	75% - 100%	13-3056041
Inc. Ggcp	Manager and member	1 May 2010	75% - 100%	13-3056041
Ggcp Holdings Llc	Majority shareholder of the class b common stock	1 May 2010	75% - 100%	27-2509609

Based in Rye

The principal office where Gabelli Funds, LLC performs its advisory services is located at One Corporate Center, Rye, NY 10580 1422, which is also the mailing address of the firm. An additional office of the firm is in Morristown, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 914-921-5000 or by fax 914-921-5118. The normal business hours are 8:00 a.m. to 6:00 p.m. on Monday - Friday. You can find more information about the New York firm at gabelli.com and its LinkedIn profile.