Schafer Cullen Capital Management Inc (New York)

Name: Schafer Cullen Capital Management Inc
Address: 645 5 Th Ave, New York, NY, 10022
Telephone: 212-644-1800

Schafer Cullen Capital Management Inc is a large advisory firm based in New York. It manages $7.37 billion of regulatory assets for 11,283 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Schafer Cullen Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, 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.

Schafer Cullen Capital Management: assets under management

The assets under management (AUM) of Schafer Cullen Capital Management Inc is $7.37 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 2932% since the beginning of its operation, and $191.07 million of the total AUM is attributable to clients outside of the United States.

The firm manages $7.37 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $652.93 thousand each.

Schafer Cullen Capital Management has custody of $14.76 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 90% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 6% of the firm’s portfolio. Investments in investment and business development companies form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Schafer Cullen Capital Management Inc for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients James Patrick Cullen serves?

The firm provides services to insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of James Patrick Cullen is high net worth individuals with 10,323 clients and $5.24 billion of assets under management. Among the 11 most similar advisory firms, Schafer Cullen Capital Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $7.37 billion for 11,283 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Schafer Cullen Capital Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Schafer Cullen Capital Management Inc

The company employs 60 people that are either part- or full-time employees. 25 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 8 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.

James Patrick Cullen has been acting as President since 1 Jan 1983. Jeffrey Battaglia joined the executive team most recently as the Chief Operating Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Patrick Cullen	President/director	1 Jan 1983	50% - 75%	58395
David Karl Schafer	Chairman	1 Jan 1983	25% - 50%	4347535
John Gould	Executive vice president	1 Jan 1994	Other	4347544
Steven Michael Mullooly	Chief compliance officer	1 Jun 2006	Other	1868602
Jeffrey Battaglia	Chief financial officer	1 Mar 2007	Other	5491372
Cullen 2011 Descendants' Trust	Owner	1 Apr 2011	25% - 50%	35-6892064
James Patrick Cullen	Chief executive officer	1 Jan 2013	50% - 75%	58395
John Gould	President	1 Jan 2013	Other	4347544
Jeffrey Battaglia	Chief operating officer	1 Dec 2014	Other	5491372

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Brooks Hemingway Cullen	Trustee	1 Apr 2011	25% - 50%	2166071
Jeffrey Battaglia	Trustee	1 Apr 2011	25% - 50%	5491372

Based in New York

The principal office where Schafer Cullen Capital Management Inc performs its advisory services is located at 645 5 Th Ave, New York, NY 10022, 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 212-644-1800 or by fax 212-593-4275. The normal business hours are 8:30am-5:30pm on Monday - Friday. You can find more information about the New York firm at schafer-cullen.com.