Ingalls & Snyder LLC (New York)

Name: Ingalls & Snyder LLC
Address: 1325 Avenue Of The Americas, New York, NY, 10019 6066
Telephone: 212-269-7800

Ingalls & Snyder LLC is a large advisory firm based in New York. It manages $3.79 billion of regulatory assets for 5,331 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 40 other states.

Ingalls & Snyder provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Ingalls & Snyder: assets under management

The assets under management (AUM) of Ingalls & Snyder LLC is $3.79 billion. The firm's AUM has grown by 425% since the beginning of its operation, and $304.55 million of the total AUM is attributable to clients outside of the United States.

The firm manages $3.68 billion in discretionary accounts and $106.72 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $701.88 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.32 million.

Ingalls & Snyder has custody of $3.14 billion in cash and securities for 2,631 clients in total and acts as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 71% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ingalls & Snyder LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. 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 Ingalls & Snyder serves?

The firm provides services to individuals, 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 Ingalls & Snyder is high net worth individuals with 692 clients and $2.29 billion of assets under management. Among the 4 most similar advisory firms, Ingalls & Snyder has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $3.69 billion for 4,019 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.

Ingalls & Snyder also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $1,000,000.

Careers at Ingalls & Snyder LLC

The company employs 55 people that are either part- or full-time employees. 69 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 6 people 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.

James Edwin Thatcher joined the executive team most recently as the Managing Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Lawton Storrs Lamb	Managing director	1 Jan 1996	Other	300968
William Reed Simmons	Managing director	1 Jan 1996	Other	839098
Thomas Oneil Jr Boucher	Managing director	1 Jan 1996	Other	730430
John Joseph Dougherty	Managing director	1 Jan 1996	Other	1960029
Roscoe Cunningham Jr Ingalls	Managing director	1 Jan 1996	Other	254899
Donaldroger Brooke Liddell	Managing director	1 Jan 1996	Other	309250
Steven Michael Foote	Managing director	1 Jan 1998	Other	1158497
Edward Henri Oberst	Managing director	1 Jan 1999	Other	3020182
Lawton Storrs Lamb	Chief executive officer	1 Jan 1999	Other	300968
Robert Ernest Iii Belknap	Managing director	1 Jan 2000	Other	17266
Horace Shepard Boone	Senior director	1 Jan 2000	Other	1584183
Christopher Randall Siege	Senior director	1 Jan 2001	Other	1521945
Horace Shepard Boone	Managing director	1 Jan 2002	Other	1584183
Thomas Peter Ditosto	Managing director	1 Jan 2003	Other	1735394
Christopher Randall Siege	Managing director	1 Jan 2003	Other	1521945
Donaldroger Brooke Liddell	Managing director	1 Jan 2006	Other	309250
Steven Michael Foote	Managing director	1 Oct 2010	Other	1158497
Frank Stolba	Chief financial officer	1 Feb 2011	Other	3087097
Frank Stolba	Chief compliance officer	1 Apr 2011	Other	3087097
Guy Richards Riegel	Managing director	1 Jul 2011	Other	1050269
Keith Simon Lane Zucker	Managing director	1 Jul 2011	Other	4050531
Frank Stolba	Managing director	1 Jul 2011	Other	3087097
Robert Anthony Case	Chief executive officer	1 Jul 2011	Other	1367765
Robert Anthony Case	Senior managing director	1 Sep 2011	Other	1367765
Aphrodite Mavricos Garrison	Managing director	1 Mar 2012	Other	1763811
James Stewart Slocum	Managing director	1 Mar 2012	Other	4471017
Christine Elizabeth Weston	Managing director	1 Jan 2013	Other	1136404
Sean Patrick Meehan	Managing director	1 Jan 2014	Other	5033839
Christian Chihong Park	Chief compliance officer	1 Jan 2016	Other	3106787
James Edwin Thatcher	Managing director	1 Jan 2017	Other	5872101

Based in New York

The principal office where Ingalls & Snyder LLC performs its advisory services is located at 1325 Avenue Of The Americas, New York, NY 10019 6066, which is also the mailing address of the firm. An additional office of the firm is in Wellesley, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-269-7800 or by fax 212-269-7893. The normal business hours are 9:00 a.m. to 5 p.m. on Monday - Friday. You can find more information about the New York firm at ingalls.net.