Conifer Investments Ltd (Hartford)

Conifer Investments Ltd is a large advisory firm based in Hartford. It manages $253.93 million of regulatory assets for 20 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Connecticut.

Conifer Investments 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.

Conifer Investments: assets under management

The assets under management (AUM) of Conifer Investments Ltd is $253.93 million. The firm's AUM has grown by 49% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $35.6 million in discretionary accounts and $218.33 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.96 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $19.85 million.

Conifer Investments has custody of $217.47 million in cash and securities for 11 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 60% of the total AUM. The second-largest asset type is state and local bonds, which make up 30% of the firm’s portfolio. Investments in investment grade corporate bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Conifer Investments Ltd 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 Carolyn Anne Paldino serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Carolyn Anne Paldino is individuals with 6 clients and $188 million of assets under management. Among the 8 most similar advisory firms, Conifer Investments has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $253.93 million for 20 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.

Conifer Investments doesn't advise any private funds.

Careers at Conifer Investments Ltd

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Carolyn Anne Paldino has been acting as President since 1 Nov 2008. Herbert Alexander Vance joined the executive team most recently as the Chairman.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jr Herbert Alexander Vance	President	1 Jan 1982	75% - 100%	2362454
Herbert Alexander Vance	President	1 Jan 1982	75% - 100%	2362454
Carolyn Anne Paldino	Vice president	1 Jan 1999	Other	4363324
Carolyn Anne Paldino	President/chief compliance officer	1 Nov 2008	75% - 100%	4363324
Herbert Alexander Vance	Chairman	1 Nov 2008	75% - 100%	2362454

Based in Hartford

The principal office where Conifer Investments Ltd performs its advisory services is located at 100 Pearl Street, Hartford, CT 06103, 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 860-761-1041 or by fax 860-761-1042. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday.