Samalin Investment Counsel, LLC (Chappaqua)

Name: Samalin Investment Counsel, LLC
Address: 297 King Street, Chappaqua, NY, 10514
Telephone: 914-666-6600

Samalin Investment Counsel, LLC is a large advisory firm based in Chappaqua. It manages $164.81 million of regulatory assets for 546 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of California, Connecticut, Delaware, and 7 other states.

Samalin Investment Counsel provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Samalin Investment Counsel: assets under management

The assets under management (AUM) of Samalin Investment Counsel, LLC is $164.81 million. The firm's AUM has grown by 119% since the beginning of its operation, and $537.16 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $137.85 million in discretionary accounts and $26.96 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $284.81 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $434.86 thousand.

Samalin Investment Counsel has custody of $35.5 million in cash and securities for 39 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 56% of the total AUM. The second-largest asset type is exchange traded securities, which make up 26% of the firm’s portfolio. Investments in cash and cash equivalents form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Samalin Investment Counsel, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Samalin Investment Counsel serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Samalin Investment Counsel is high net worth individuals with 51 clients and $121.7 million of assets under management. Among the 7 most similar advisory firms, Samalin Investment Counsel has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $164.81 million for 224 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Samalin Investment Counsel doesn't advise any private funds.

Careers at Samalin Investment Counsel, LLC

The company employs 8 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 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 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
Andrew Evan Samalin	Managing member	1 Apr 2007	75% - 100%	2133744
Thomas Jay Kowalchuk	Chief compliance officer	1 Aug 2013	Other	5074621
Maria Jolanta Mckee	Chief compliance officer	1 Sep 2015	Other	6576241

Based in Chappaqua

The principal office where Samalin Investment Counsel, LLC performs its advisory services is located at 297 King Street, Chappaqua, NY 10514, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 914-666-6600 or by fax 914-666-6602. The normal business hours are 8:30-5:00 on Monday - Friday. You can find more information about the New York firm at sicounsel.com.