Van Cleef Asset Management Inc (Beachwood)


Van Cleef Asset Management Inc is a large advisory firm based in Beachwood. It manages $529.68 million of regulatory assets for 533 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, New Hampshire, Ohio, and Texas.

Van Cleef Asset 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.

Van Cleef Asset Management: assets under management

The assets under management (AUM) of Van Cleef Asset Management Inc is $529.68 million. The firm's AUM has grown by 32% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $512.08 million in discretionary accounts and $17.6 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $990.48 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.1 million.

Investments

The firm invests in exchange traded securities the most. They account for 81% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 8% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Van Cleef Asset Management 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 Geoffrey C Hauck serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Geoffrey C Hauck is high net worth individuals with 108 clients and $487.08 million of assets under management. Among the 9 most similar advisory firms, Van Cleef Asset Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $518.72 million for 180 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.

Van Cleef Asset Management doesn't advise any private funds.

Careers at Van Cleef Asset Management Inc

The company employs 6 people that are either part- or full-time employees. 83 percent of the employees work as investment advisers or researchers. 5 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.

Geoffrey C Hauck has been acting as President since 1 Dec 2010. Michelle Aileen Borelli joined the executive team most recently as the Chief Compliance Officer/Treasurer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Frederick Chapman Merrick Chairman 1 Jan 1988 25% - 50% 4339654
Mark Tristram Coffin Secretary 1 Jul 1988 Other 4339671
Martin John Burke Portfolio manager 1 Aug 1993 Other 1233269
Donald Dennis Lynch Portfolio manager 1 Sep 1993 Other 315037
Helen Nebeker Tomlinson Vice president 1 Nov 1998 Other 1454793
Russell Paul Moenich Director of research 1 Jan 1999 Other 4637530
Lino Sergo Director of trading 1 Jan 2001 Other 4659449
Martin John Burke Chairman, president 1 Dec 2002 75% - 100% 1233269
Karen Rose Kleinhenz Vice president 1 Jan 2006 Other 4068048
Van Cleef Asset Management Inc Vice president 1 Jul 2006 Other 105768
John E. Kleinhenz Vice president 1 Jul 2006 Other 5106950
William Patrick Gibbons Vice president 1 Dec 2007 Other 5127152
Geoffrey C Hauck Vice president 1 Mar 2008 Other 3056928
Martin J Burke Vice president 1 Jun 2008 Other 5021475
Michelle Aileen Borelli Chief compliance officer 1 Dec 2009 Other 4917152
Lino Sergo Corporate secretary/director of research 1 Dec 2010 Other 4659449
Geoffrey C Hauck President/chairman/cio 1 Dec 2010 50% - 75% 3056928
Martin J Burke Executive vice president 1 Dec 2010 Other 5021475
Michelle Aileen Borelli Chief compliance officer/treasurer 1 Dec 2012 Other 4917152

Based in Beachwood

The principal office where Van Cleef Asset Management Inc performs its advisory services is located at 3201 Enterprise Pkwy, Beachwood, OH 44122, 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 216-464-0253 or by fax 216-464-3512. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at vancleefinc.com and its LinkedIn profile.

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