Hovey, Youngman Associates, Inc (New York)

Hovey, Youngman Associates, Inc is a large advisory firm based in New York. It manages $548.37 million of regulatory assets for 344 client accounts. It has been registered with the SEC as an adviser since 2000 and has operated in the jurisdictions of Colorado, Connecticut, District of Columbia, and 5 other states.

Hovey, Youngman Associates provides portfolio management for individuals and small businesses, 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.

Hovey, Youngman Associates: assets under management

The assets under management (AUM) of Hovey, Youngman Associates, Inc is $548.37 million. The firm's AUM has gone down by -14% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $540.82 million in discretionary accounts and $7.55 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.59 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.52 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hovey, Youngman Associates, Inc for their services and products based on a percentage of assets under management and fixed 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.

Careers at Hovey, Youngman Associates, Inc

Robert Perkins Youngman has been acting as President since 1 Jun 1976. John Gray Youngman joined the executive team most recently as the Managing Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Perkins Youngman	President	1 Jun 1976	25% - 50%	4301586
Chandler Hovey	Executive vice president	1 Mar 1985	25% - 50%	4301590
Chandler Hovey Iii	Executive vice president	1 Mar 1985	25% - 50%	4301590
Christine Stuttig	Corporate secretary	1 Sep 1989	Other	4301594
Lea Paine Highet	Marketing director	1 Sep 1996	Other	2556911
Arthur Yorke Allen	Executive vice president	1 Jan 2000	Other	1121983
John Gray Youngman	Executive vice president	1 Jan 2000	Other	2160024
Peter William Hofmann	Executive vice president	1 Jan 2000	Other	828900
Brett Robert Mitstifer	Executive vice president	1 Aug 2000	Other	4301625
Diana Lynn Salter	Executive vice president	1 Nov 2003	Other	3040
Christine Stuttig	Treasurer & corporate secretary	1 Jan 2005	Other	4301594
Robert Perkins Youngman	President, managing director & chief compliance officer	1 Jan 2006	25% - 50%	4301586
John Gray Youngman	Managing director	1 Jan 2006	Other	2160024
Peter William Hofmann	Managing director	1 Jan 2006	Other	828900
Diana Lynn Salter	Managing director	1 Jan 2006	Other	3040
Thomas Angelo Famigletti	Managing director	1 Jan 2006	Other	1781781
Doug Maxwell Famigletti	Managing director	1 Jan 2006	Other	2803488
Eileen Mcallister Fitzsimons	Managing director	1 Jan 2006	Other	2034925

Based in New York

The principal office where Hovey, Youngman Associates, Inc performs its advisory services is located at 330 Madison Ave, New York, NY 10017 5071, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.