Appomattox Advisory, Inc (New York)

Name: Appomattox Advisory, Inc
Address: 551 5 Th Ave, New York, NY, 10176
Telephone: 212-895-3000

Appomattox Advisory, Inc is a large advisory firm based in New York. It manages $1.38 billion of regulatory assets for 32 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Connecticut, Florida, New Jersey, and New York.

Appomattox Advisory provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and susan webb provides advice as a member of an investment committee. appomattox does not arrange purchase or sales.. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Appomattox Advisory: assets under management

The assets under management (AUM) of Appomattox Advisory, Inc is $1.38 billion. The firm's AUM has grown by 101% since the beginning of its operation, and $493.29 million of the total AUM is attributable to clients outside of the United States.

The firm manages $501.11 million in discretionary accounts and $874.46 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $31.32 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $54.65 million.

Appomattox Advisory has custody of $481.13 million in cash and securities for 11 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 84% of the total AUM. The second-largest asset type is investment and business development companies, which make up 8% of the firm’s portfolio. Investments in exchange traded securities form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Appomattox Advisory, Inc for their services and products based on a percentage of assets under management, fixed fees, 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 Susan Patterson Webb serves?

The firm provides services to charitable organizations, high net worth individuals, pooled investment vehicles, and state or municipal government entities. The largest group of clients of Susan Patterson Webb is high net worth individuals with 19 clients and $821.03 million of assets under management. Among the 8 most similar advisory firms, Appomattox Advisory has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.38 billion for 32 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 41% of the firm’s clients are foreign persons or businesses.

Appomattox Advisory also advises several private funds. Namely, six hedge funds and one private equity fund. The minimum investment commitment required of non-related persons ranges from $100,000 to $50,000,000.

Careers at Appomattox Advisory, Inc

The company employs 13 people that are either part- or full-time employees. 85 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 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.

Susan Patterson Webb has been acting as President since 1 Sep 2005. Michael Todd Lippincott joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Susan Patterson Webb	President	1 Sep 2005	50% - 75%	1649517
Oscar Gustavo Gil	Managing director, cco	1 Dec 2005	25% - 50%	5787822
Michael Todd Lippincott	Chief compliance officer	1 Apr 2010	Other	4863811

Based in New York

The principal office where Appomattox Advisory, Inc performs its advisory services is located at 551 5 Th Ave, New York, NY 10176, 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 212-895-3000 or by fax 212-895-3020. The normal business hours are 9:00 am - 6:00 pm on Monday - Friday. You can find more information about the New York firm at appomattoxadvisory.com and its LinkedIn profile.