Cooper/Haims Advisors, LLC (Victor)

Name: Cooper/Haims Advisors, LLC
Address: 50 Square Drive, Victor, NY, 14564
Telephone: 585-248-6400

Cooper/Haims Advisors, LLC is a large advisory firm based in Victor. It manages $486.17 million of regulatory assets for 1,212 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of California, Florida, Illinois, and 5 other states.

Cooper/Haims Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cooper/Haims Advisors: assets under management

The assets under management (AUM) of Cooper/Haims Advisors, LLC is $486.17 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 678% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $486.17 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $401.13 thousand each.

Cooper/Haims Advisors has custody of $76.65 million in cash and securities for 47 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 60% of the total AUM. The second-largest asset type is exchange traded securities, which make up 32% of the firm’s portfolio. Investments in state and local bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cooper/Haims Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed 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 Howard J Haims serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Howard J Haims is high net worth individuals with 167 clients and $378.08 million of assets under management. Among the 7 most similar advisory firms, Cooper/Haims Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $470.49 million for 445 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.

Cooper/Haims Advisors doesn't advise any private funds.

Careers at Cooper/Haims Advisors, LLC

The company employs 12 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. No 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 receive compensation from other entities for client referrals.

Howard J Haims has been acting as President since 1 Jul 2002. Brian Scott Roes joined the executive team most recently as the Co Managing Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Howard J Haims	President	1 Jul 2002	25% - 50%	864905
Carole Cooper Haims	Vice president	1 Jul 2002	25% - 50%	4605963
Robert Philip Yawman	Secretary	1 Jul 2002	25% - 50%	1054125
Howard J Haims	Chief compliance officer	1 Aug 2004	25% - 50%	864905
Robert P. Yawman	Co- managing member - chief compliance officer	1 Nov 2008	25% - 50%	1054125
Robert Philip Yawman	Vice president	1 Nov 2008	25% - 50%	1054125
Richard T. Bentley	Co-managing member	1 Jan 2010	25% - 50%	4777178
Jared Haims	Co- managing member	1 Jan 2010	25% - 50%	4685658
Tobey Sweezy	Chief compliance officer	1 Feb 2014	Other	6309506
Brian Scott Roes	Co-managing member	1 Jan 2018	Other	5899620

Based in Victor

The principal office where Cooper/Haims Advisors, LLC performs its advisory services is located at 50 Square Drive, Victor, NY 14564, 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 585-248-6400 or by fax 585-248-6410. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at cooperhaims.com and its LinkedIn profile.