Shelter Rock Management, LLC (Jericho)

Name: Shelter Rock Management, LLC
Address: 375 North Broadway, Jericho, NY, 11753
Telephone: 516-605-2215

Shelter Rock Management, LLC is a mid-sized advisory firm based in Jericho. It manages $83.9 million of regulatory assets for 224 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, Missouri, New Jersey, and New York.

Shelter Rock Management provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Shelter Rock Management: assets under management

The assets under management (AUM) of Shelter Rock Management, LLC is $83.9 million. The firm's AUM has grown by 206% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $63.13 million in discretionary accounts and $20.77 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $296.39 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.89 million.

Investments

The firm invests in exchange traded securities the most. They account for 60% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 18% of the firm’s portfolio. Investments in investment grade corporate bonds form 16% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Shelter Rock Management, LLC 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 Sean Edward Chaitman serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Sean Edward Chaitman is high net worth individuals with 50 clients and $44.62 million of assets under management. Among the 2 most similar advisory firms, Shelter Rock Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $83.9 million for 121 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.

Shelter Rock Management doesn't advise any private funds.

Careers at Shelter Rock Management, LLC

The company employs 5 people that are either part- or full-time employees. 80 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 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
Sean Edward Chaitman	President/ceo/chief compliance officer	1 Nov 2006	75% - 100%	2499707

Based in Jericho

The principal office where Shelter Rock Management, LLC performs its advisory services is located at 375 North Broadway, Jericho, NY 11753, 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 516-605-2215. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at shelterrockmanagement.com.