First Empire Asset Management, Inc (Hauppauge)

Name: First Empire Asset Management, Inc
Address: 100 Motor Parkway, Hauppauge, NY, 11788
Telephone: 631-630-2500

First Empire Asset Management, Inc is a large advisory firm based in Hauppauge. It manages $2.17 billion of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Arizona, California, Florida, and 8 other states.

First Empire Asset Management provides 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.

First Empire Asset Management: assets under management

The assets under management (AUM) of First Empire Asset Management, Inc is $2.17 billion. The firm's AUM has grown by 7801% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in government bonds the most. They account for 48% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 38% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay First Empire Asset Management, Inc 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.

Careers at First Empire Asset Management, Inc

The company employs 26 people that are either part- or full-time employees. 19 percent of the employees work as investment advisers or researchers. 21 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 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.

Joseph Stephen Oricoli has been acting as President since 1 Jun 2008. First Empire Holding Corp. Employee Stock Ownership Trust joined the executive team most recently as the Esop/Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Stephen Oricoli	President	1 Jun 2008	Other	353300
Gina Marie Accolla	Chief compliance officer	1 Jun 2008	Other	2564494
First Empire Holding Corp.	Holding corporation	1 Jul 2008	75% - 100%	32-0254913

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Michael Robert Belfiore	Owner/ceo	1 Jul 2008	75% - 100%	1235583
First Empire Holding Corp. Employee Stock Ownership Trust	Esop/owner	1 Dec 2012	75% - 100%	46-6505799
First Bankers Trust Services Inc.	Trustee	1 Dec 2012	Other	20-1171923

Based in Hauppauge

The principal office where First Empire Asset Management, Inc performs its advisory services is located at 100 Motor Parkway, Hauppauge, NY 11788, which is also the mailing address of the firm. An additional office of the firm is in Jersey City, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 631-630-2500 or by fax 631-622-0168. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at 1empiream.com.