Snow Financial Management, LLC (Watermill)

Name: Snow Financial Management, LLC
Address: 423 Jobs Lane, Watermill, NY, 11976
Telephone: 631-537-5033

Snow Financial Management, LLC is a large advisory firm based in Watermill. It manages $147.21 million of regulatory assets for 176 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California, New Jersey, and New York.

Snow Financial Management provides portfolio management for individuals and small businesses 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.

Snow Financial Management: assets under management

The assets under management (AUM) of Snow Financial Management, LLC is $147.21 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 16% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $147.21 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $836.42 thousand each.

Snow Financial Management has custody of $494.94 thousand in cash and securities for 1 client 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 cash and cash equivalents, which make up 28% of the firm’s portfolio. Investments in exchange traded securities form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Snow Financial Management, LLC for their services and products based on a percentage of assets under management 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 Snow Financial Management serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Snow Financial Management is pooled investment vehicles with 1 clients and $85.02 million of assets under management. Among the 10 most similar advisory firms, Snow Financial Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $147.21 million for 66 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.

Snow Financial Management 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 Snow Financial Management, LLC

The company employs 4 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 are 2 people 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Snow	Managing member	1 Mar 2004	75% - 100%	2196395
Mark Snow	Chief compliance officer	1 Mar 2013	Other	4397150

Based in Watermill

The principal office where Snow Financial Management, LLC performs its advisory services is located at 423 Jobs Lane, Watermill, NY 11976, which is also the mailing address of the firm. An additional office of the firm is in Beverly Hills, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 631-537-5033 or by fax 631-237-4863. The normal business hours are 9am -5pm on Monday - Friday. You can find more information about the New York firm at snowassetmanagement.com.