Colbert Investment Management Co (Miami)

Name: Colbert Investment Management Co
Address: 701 Brickell Avenue, Miami, FL, 33131 2860
Telephone: 305-400-9982

Colbert Investment Management Co is a large advisory firm based in Miami. It manages $226.97 million of regulatory assets for 173 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Florida.

Colbert Investment Management 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.

Colbert Investment Management: assets under management

The assets under management (AUM) of Colbert Investment Management Co is $226.97 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 167% since the beginning of its operation, and $90 of the total AUM is attributable to clients outside of the United States.

The firm manages $226.97 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.31 million each.

Investments

The firm invests in investment grade corporate bonds the most. They account for 43% of the total AUM. The second-largest asset type is exchange traded securities, which make up 23% of the firm’s portfolio. Investments in state and local bonds form 13% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Colbert Investment Management Co 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 Colbert Investment Management serves?

The firm provides services to high net worth individuals and corporations or other businesses. The largest group of clients of Colbert Investment Management is corporations or other businesses with 33 clients and $32.45 million of assets under management. Among the 10 most similar advisory firms, Colbert Investment Management has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $62.75 million for 127 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 90% of the firm’s clients are foreign persons or businesses.

Colbert Investment Management doesn't advise any private funds.

Careers at Colbert Investment Management Co

The company employs 3 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 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Karim Armand	President, director	1 May 1997	75% - 100%	1387270
Karim Armand	President, chief compliance officer	1 May 2004	75% - 100%	1387270

Based in Miami

The principal office where Colbert Investment Management Co performs its advisory services is located at 701 Brickell Avenue, Miami, FL 33131 2860, 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 305-400-9982 or by fax 305-400-9994. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at colbertinvestment.com.