Burns J W & Co Inc (Dewitt)


Burns J W & Co Inc is a large advisory firm based in Dewitt. It manages $501.31 million of regulatory assets for 1,053 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, Connecticut, Florida, and 11 other states.

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

Burns J W &: assets under management

The assets under management (AUM) of Burns J W & Co Inc is $501.31 million. The firm's AUM has grown by 34% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $483.39 million in discretionary accounts and $17.93 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $461.69 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.99 million.

Investments

The firm invests in exchange traded securities the most. They account for 87% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Burns J W & Co Inc for their services and products based on a percentage of assets under management. 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 James C Burns 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 James C Burns is individuals with 893 clients and $217.71 million of assets under management. Among the 7 most similar advisory firms, Burns J W & has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $500.27 million for 1,051 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.

Burns J W & doesn't advise any private funds.

Careers at Burns J W & Co Inc

The company employs 10 people that are either part- or full-time employees. 70 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.

Burns J W & Co Inc is owned by Patricia H Burns. James C Burns has been acting as President since 1 Dec 2012. Sheila Zimmerman joined the executive team most recently as the Owner.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Peter N Bunitsky Corporate secretary/ treasurer/director 1 Sep 1990 Other 4347323
James C Burns Owner/president/ceo 1 Feb 1999 Other 2560905
Patricia H Burns Owner 1 Feb 1999 75% - 100% 4347377
Sheila Zimmerman Owner 1 Feb 1999 Other 4347480
James C Burns Owner/president/ceo/director/chief compliance officer 1 Jun 2010 50% - 75% 2560905
Sheila Zimmerman Owner 1 Jun 2010 50% - 75% 4347480
James C Burns Owner/president/ceo/director/chief compliance officer 1 Dec 2012 75% - 100% 2560905

Based in Dewitt

The principal office where Burns J W & Co Inc performs its advisory services is located at 5789 Widewaters Parkway, Dewitt, NY 13214, 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 315-449-1341 or by fax 315-449-1349. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at jwburns.com.