Consulting Group Advisory Services LLC (Purchase)

Consulting Group Advisory Services LLC is a large advisory firm based in Purchase. It manages $5.57 billion of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2009.

Consulting Group Advisory Services provides portfolio management for investment companies, selection of other advisers, and asset allocation advice. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Consulting Group Advisory Services: assets under management

The assets under management (AUM) of Consulting Group Advisory Services LLC is $5.57 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -1% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $5.57 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $506.34 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Consulting Group Advisory Services 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 Jeffrey Allen Gelfand serves?

The only and largest group of clients of Jeffrey Allen Gelfand is investment companies with 11 clients and $5.57 billion of assets under management. Among the 4 most similar advisory firms, Consulting Group Advisory Services has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $5.57 billion for 11 clients. None of the firm’s clients are foreign persons or businesses.

Consulting Group Advisory Services doesn't advise any private funds.

Careers at Consulting Group Advisory Services LLC

The company employs 9 people that are either part- or full-time employees. 78 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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 receive compensation from other entities for client referrals.

Jeffrey Allen Gelfand has been acting as President since 1 Sep 2009. Christopher R Gargano joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Morgan Stanley Smith Barney Holdings Llc	Member	1 May 2009	75% - 100%	26-4310632
Matthew Paul Knapp	Chief compliance officer	1 Jun 2009	Other	2514353
Jeffrey Allen Gelfand	Director	1 Sep 2009	Other	3198911
James Patrick Gorman	Chief executive officer	1 Sep 2009	Other	4026328
Charles Dean Johnston	President	1 Sep 2009	Other	861838
Debra Marsha Aaron	Vice president	1 Sep 2009	Other	1572676
Jeffrey S Brodsky	Vice president	1 Sep 2009	Other	1729074
Harvey Bertram Mogenson	Vice president	1 Sep 2009	Other	2883209
Louis Angelo Palladino	Vice president	1 Sep 2009	Other	2630899
James Arthur Rosenthal	Vice president	1 Sep 2009	Other	4490808
Bruce R Sandberg	Vice president	1 Sep 2009	Other	1827143
Jessica G. Gorman Taylor	Vice president	1 Sep 2009	Other	1504143
Dominic Francis Maurillo	Vice president	1 Oct 2009	Other	2192204
Michael Patrick Mcgrath	Vice president	1 Oct 2009	Other	2059989
William Joseph O'sullivan	Vice president	1 Oct 2009	Other	1595469
James Francis Walker	Vice president	1 Oct 2009	Other	1377740
Timothy Gerard Hansen	Chief compliance officer	1 Mar 2011	Other	4956475
Gregory J Fleming	President	1 Mar 2011	Other	2338986
Ethan J Schiffman	Vice president	1 Mar 2011	Other	4159232
Jeffrey Ian Hack	Director, chief executive officer and president	1 Dec 2011	Other	1729213
James Francis Walker	Director	1 Dec 2011	Other	1377740
Marc Gordon	Chief financial officer	1 Feb 2012	Other	5200551
Sara H Furber	Chief executive officer and president	1 Jul 2013	Other	2912596
James Joseph Tracy	Director, chief executive officer and president	1 Jul 2014	Other	1005601
David Lawrence Berdon	Director, chief executive officer and president	1 Sep 2016	Other	2480909
Inc. Morgan Stanley Domestic Holdings	Member	1 Jan 2017	75% - 100%	20-8764829
Allen Friedman	Chief financial officer	1 Mar 2017	Other	6288797
Paul Emmanuel Ricciardelli	Director, chief executive officer and president	1 Mar 2017	Other	2505633
Marc Gordon	Director	1 Aug 2017	Other	5200551
Christopher R Gargano	Chief compliance officer	1 Mar 2018	Other	4766697

Indirect Owners

The SEC currently registers 25 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Citigroup Inc.	Shareholder	1 Nov 1997	75% - 100%	52-1568099
Morgan Stanley	Shareholder	1 May 1998	75% - 100%	36-3145972
Citigroup Global Markets Holdings Inc.	Shareholder	1 Sep 1998	75% - 100%	11-2418067
Citigroup Financial Products Inc.	Shareholder	1 Sep 1998	75% - 100%	13-2340203
Morgan Stanley	Shareholder	1 Oct 2002	75% - 100%	36-3145972
Citigroup Inc.	Shareholder	1 Jan 2005	Other	52-1568099
Citicorp Banking Corporation	Shareholder	1 Jan 2005	75% - 100%	13-3012736
Morgan Stanley Capital Management Llc	Shareholder	1 Mar 2007	75% - 100%	11-3658445
Morgan Stanley & Co. Incorporated	Member	1 Feb 2009	50% - 75%	8209
Citigroup Global Markets Inc.	Member	1 Feb 2009	25% - 50%	7059
Morgan Stanley Jv Holdings Llc	Member	1 May 2009	25% - 50%	27-0274564
Ms Alpha Holdings Llc	Member	1 May 2009	50% - 75%	27-0191161
Ms Beta Holdings Llc	Member	1 May 2009	25% - 50%	27-0203230
Ms Financing Inc	Member	1 May 2009	75% - 100%	13-3375162
Morgan Stanley Tower Llc	Shareholder	1 May 2009	75% - 100%	00-0000000
Morgan Stanley	Member	1 May 2009	75% - 100%	36-3145972
Morgan Stanley & Co. Llc	Member	1 May 2009	75% - 100%	8209
Morgan Stanley Jv Holdings Llc	Member	1 Jun 2009	25% - 50%	27-0274564
Inc. Morgan Stanley Commerical Financial Services	Member	1 Dec 2010	25% - 50%	13-4116856
Inc. Morgan Stanley Domestic Holdings	Shareholder	1 May 2011	25% - 50%	20-8764829
Morgan Stanley Domestic Holdings Inc.	Shareholder	1 May 2011	75% - 100%	20-8764829
Inc. Citicorp North America	Member	1 Nov 2011	25% - 50%	13-2938684
Citigroup Niagara Holdings Llc	Member	1 Dec 2011	25% - 50%	26-0293966
Inc. Morgan Stanley Domestic Holdings	Member	1 May 2014	25% - 50%	20-8764829
Ms Financing Inc	Member	1 Oct 2014	25% - 50%	13-3375162

Based in Purchase

The principal office where Consulting Group Advisory Services LLC performs its advisory services is located at 2000 Westchester Avenue, Purchase, NY 10577 6477, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 914-225-1000 or by fax 914-610-7445. The normal business hours are 9 a.m. - 5 p.m. on Monday - Friday.