Douglass Winthrop Advisors LLC (New York)


Douglass Winthrop Advisors LLC is a large advisory firm based in New York. It manages $2.42 billion of regulatory assets for 853 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 22 other states.

Douglass Winthrop Advisors 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.

Douglass Winthrop Advisors: assets under management

The assets under management (AUM) of Douglass Winthrop Advisors LLC is $2.42 billion. The firm's AUM has grown by 7779% since the beginning of its operation, and $56.83 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.4 billion in discretionary accounts and $26.93 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.82 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $8.98 million.
Douglass Winthrop Advisors has custody of $2.42 billion in cash and securities for 853 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 84% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 6% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Douglass Winthrop Advisors LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Douglass Winthrop Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Douglass Winthrop Advisors is high net worth individuals with 674 clients and $2.14 billion of assets under management. Among the 9 most similar advisory firms, Douglass Winthrop Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.42 billion for 853 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 3% of the firm’s clients are foreign persons or businesses.

Douglass Winthrop Advisors doesn't advise any private funds.

Careers at Douglass Winthrop Advisors LLC

The company employs 24 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There are 15 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
Robert Royal Douglass Principal, member 1 Oct 1999 25% - 50% 2071133
John Winthrop Principal, member 1 Oct 1999 25% - 50% 2368223
Charles Taylor Howard Principal, member 1 Mar 2004 Other 2171764
Lea Paine Highet Principal, member 1 Jan 2005 Other 2556911
Charles Grant Crane Principal, chief compliance officer 1 Jul 2009 Other 1210136
Daniel Bryce Obrien Principal, member 1 Aug 2010 Other 2636543
Joshua Choate Huffard Principal, member 1 Jan 2015 Other 2155733
Charles Bowdoin Train Principal, member 1 Jan 2015 Other 6462181
Welsh Oak Strawbridge Principal, member 1 Jan 2015 Other 6462186
Lucius Ludlow Fowler Principal, member 1 Aug 2015 Other 6630399
Timothy James Hughes Chief compliance officer 1 Apr 2016 Other 1717881
Charles Grant Crane Principal, chief operating officer 1 Feb 2018 Other 1210136

Based in New York

The principal office where Douglass Winthrop Advisors LLC performs its advisory services is located at 521 Fifth Avenue, New York, NY 10017, which is also the mailing address of the firm. An additional office of the firm is in Washington Dc, DC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-557-7680. The normal business hours are 9:00 am-5:00pm on Monday - Friday. You can find more information about the New York firm at douglasswinthrop.com.