Teton Advisors, Inc. (Rye)

Name: Teton Advisors, Inc.
Address: 401 Theodore Fremd Avenue, Rye, NY, 10580 1422
Telephone: 914-457-1070

Teton Advisors, Inc. is a large advisory firm based in Rye. It manages $1.32 billion of regulatory assets for 7 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of New York and Puerto Rico.

Teton Advisors provides portfolio management for investment companies 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.

Teton Advisors: assets under management

The assets under management (AUM) of Teton Advisors, Inc. is $1.32 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 200% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.32 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $188.49 million each.

Investments

The firm invests in exchange traded securities the most. They account for 95% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Teton Advisors, 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 Howard Frank Ward serves?

The firm provides services to investment companies and banking or thrift institutions. The largest group of clients of Howard Frank Ward is investment companies with 7 clients and $1.28 billion of assets under management. Among the 10 most similar advisory firms, Teton Advisors has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $1.32 billion for 8 clients. None of the firm’s clients are foreign persons or businesses.

Teton Advisors doesn't advise any private funds.

Careers at Teton Advisors, Inc.

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 2 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.

Howard Frank Ward has been acting as President since 1 May 2009. Patrick Bernard Huvane joined the executive team most recently as the Chief Financial Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mjg Iv Limited Partnership	Shareholder	1 Mar 1998	25% - 50%	n/a
Bruce N Alpert	President, director	1 Mar 1998	Other	1567881
Westwood Management Corporation	Shareholder	1 Mar 1998	Other	22-3413572
Inc. Gamco Investors	Shareholder	1 Feb 1999	25% - 50%	13-4007862
Peter D. Goldstein	Chief compliance officer	1 Oct 2004	Other	2898210
Douglas Richard Jamieson	Director	1 Jan 2005	Other	1056140
Diane Marie Lapointe	Co-treasurer and acting co-chief financial officer	1 May 2008	Other	4855171
Kieran Douglas Caterina	Co-treasurer and acting co-chief financial officer	1 May 2008	Other	3049042
Christopher J Michailoff	Acting secretary	1 May 2008	Other	3213776
Nicola Francis Galluccio	Chief executive officer, president and director	1 Jul 2008	25% - 50%	1003002
Edward Thomas Tokar	Director	1 Oct 2008	Other	4528392
Alfred Walter Fiore	Director	1 Oct 2008	Other	1425856
Jeffrey Mark Farber	Chief financial officer	1 Oct 2008	Other	4192238
Inc. Ggcp	Shareholder of the class b common stock	1 Mar 2009	50% - 75%	13-3056041
Frederick John Mancheski	Shareholder of the class b common stock	1 Mar 2009	Other	2022968
Howard Frank Ward	Chairman	1 May 2009	Other	1059031
Robert Zucccaro	Chief financial officer	1 Feb 2011	Other	4240378
David Marc Goldman	General counsel & chief compliance officer	1 Dec 2011	Other	3191963
Vincent Joseph Amabile	Director	1 May 2012	Other	1509536
John Martin Tesoro	Director	1 May 2013	Other	6311053
Michael Nmn Mancuso	Chief financial officer	1 Jan 2016	Other	6626091
Mario Joseph Gabelli	Shareholder of common stock	1 Jan 2016	Other	216136
Michael J Mancuso	Chief financial officer	1 Jan 2016	Other	6626091
Stephen Gerard Bondi	Director	1 May 2017	Other	1081770
Deanna Broggi Marotz	Chief compliance officer	1 May 2017	Other	1740945
Tiffany Renee Hayden	Managing director	1 May 2017	Other	5562177
Kevin Matthew Keeley	Director	1 Jan 2019	Other	3057425
Marc Joseph Gabelli	Executive chairman	1 Jan 2019	Other	2236722
Patrick Bernard Huvane	Chief financial officer	1 May 2019	Other	2948612

Indirect Owners

The SEC currently registers 9 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Mario Joseph Gabelli	Shareholder of common stock	1 Nov 1976	50% - 75%	216136
Mario Joseph Gabelli	General partner	1 Jan 1984	Other	216136
Marc Joseph Gabelli	Limited partner	1 Jan 1984	25% - 50%	2236722
Matthew Robert Gabelli	Limited partner	1 Jan 1984	25% - 50%	2561439
Matthew Robert Gabelli	Limited partner	1 Aug 1984	25% - 50%	2561439
Westwood Holding Group	Shareholder	1 Jun 1993	75% - 100%	75-2040825
Inc. Ggcp	Shareholder of class b stock	1 Feb 1999	75% - 100%	13-3056041
Inc. Westwood Holdings Group	Fully owned subsidiary	1 Dec 2001	75% - 100%	75-2969997
E3m Llc	Llc	1 Dec 2012	25% - 50%	46-1556822

Based in Rye

The principal office where Teton Advisors, Inc. performs its advisory services is located at 401 Theodore Fremd Avenue, Rye, NY 10580 1422, 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 914-457-1070 or by fax 914-921-5091. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at tetonadv.com.