Reik & Co., LLC (New York)

Reik & Co., LLC is a large advisory firm based in New York. It manages $338.72 million of regulatory assets for 122 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of California, Florida, Massachusetts, and New York.

Reik & Co. provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Reik & Co.: assets under management

The assets under management (AUM) of Reik & Co., LLC is $338.72 million. The firm's AUM has grown by 640% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $315.88 million in discretionary accounts and $22.85 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.7 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $4.57 million.

Investments

The firm invests in exchange traded securities the most. They account for 99% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Reik & Co., LLC 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.

What kind of clients Reik & Co. serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Reik & Co. is high net worth individuals with 52 clients and $209.51 million of assets under management. Among the 8 most similar advisory firms, Reik & Co. has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $338.72 million for 64 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.

Reik & Co. doesn't advise any private funds.

Careers at Reik & Co., LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No 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
Jr. William James Reik	Managing member	1 Nov 2006	75% - 100%	373399
William James Reik	Member	1 Nov 2006	75% - 100%	373399
Ann Marie Pierno	Chief administrator officer	1 Nov 2006	Other	2055703
Debasish Banerjee	Chief compliance officer	1 Nov 2006	Other	1555979
Anne Marie Pierno	Chief compliance officer/chief operating officer	1 Mar 2007	Other	2055703

Based in New York

The principal office where Reik & Co., LLC performs its advisory services is located at 15 West 53 Rd Street, New York, NY 10019 5401, which is also the mailing address of the firm. An additional office of the firm is in Sarasota, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-262-4441 or by fax 888-979-8364. The normal business hours are 8:30 am - 5:30 pm on Monday - Friday.