Blacktower Financial Management (Us) LLC (New York)

Blacktower Financial Management (Us) LLC is a mid-sized advisory firm based in New York. It manages $62.84 million of regulatory assets for 95 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Connecticut, Florida, and 6 other states.

Blacktower Financial Management (Us) provides financial planning services and portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Blacktower Financial Management (Us): assets under management

The assets under management (AUM) of Blacktower Financial Management (Us) LLC is $62.84 million. The company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in exchange traded securities the most. They account for 49% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 26% of the firm’s portfolio. Investments in cash and cash equivalents form 25% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Blacktower Financial Management (Us) 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 Blacktower Financial Management (Us) serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Blacktower Financial Management (Us) is high net worth individuals with 16 clients and $44.6 million of assets under management. Among the 0 most similar advisory firms, Blacktower Financial Management (Us) has the 0th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $62.84 million for 95 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.

Blacktower Financial Management (Us) doesn't advise any private funds.

Careers at Blacktower Financial Management (Us) 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. 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Blacktower Cayman Ltd.	Owner	1 Jun 2017	75% - 100%	foreign
Bradley Philip Spencer Hamilton	Chief compliance officer	1 Jun 2017	Other	6166469
Christopher Thornton	Chief compliance officer	1 Jun 2018	Other	6535477

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
John Charles Westwood	Shareholder	1 Oct 2014	50% - 75%	6832575
Lyndsay Jenifer Westwood	Shareholder	1 Oct 2014	50% - 75%	6832576

Based in New York

The principal office where Blacktower Financial Management (Us) LLC performs its advisory services is located at 125 Park Avenue, New York, NY 10017, 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 1-212-520-0062. The normal business hours are 9am to 5pm on Monday - Friday.