Fenimore Asset Management, Inc. (Cobleskill)

Name: Fenimore Asset Management, Inc.
Address: 384 N Grand Street, Cobleskill, NY, 12043 0310
Telephone: 518-234-4393

Fenimore Asset Management, Inc. is a large advisory firm based in Cobleskill. It manages $3.13 billion of regulatory assets for 1,031 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Colorado, Connecticut, and 16 other states.

Fenimore Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Fenimore Asset Management: assets under management

The assets under management (AUM) of Fenimore Asset Management, Inc. is $3.13 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 366% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.13 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.03 million each.

Fenimore Asset Management has custody of $41.45 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 88% 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 grade corporate bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Fenimore Asset Management, Inc. 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 John William Krueger serves?

The firm provides services to individuals, 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 John William Krueger is investment companies with 3 clients and $1.76 billion of assets under management. Among the 9 most similar advisory firms, Fenimore Asset Management has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $3.1 billion for 537 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.

Fenimore Asset Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Fenimore Asset Management, Inc.

The company employs 31 people that are either part- or full-time employees. 52 percent of the employees work as investment advisers or researchers. 9 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 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 receive compensation from other entities for client referrals.

John William Krueger has been acting as President since 1 Jan 1991. Chris F Dennison joined the executive team most recently as the Chief Operating Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Oliver Putnam	Chairman, ceo, director	1 Nov 1974	75% - 100%	2347052
Patricia Anne Putnam	Vice president, director	1 Feb 1983	Other	4391171
Edward W. Shineman	Director	1 Jan 1986	Other	4391188
John William Krueger	Director	1 Jan 1991	Other	275913
Herbert Lloyd Shultz	Director	1 Feb 1993	Other	2683244
Joseph Arthur Bucci	Secretary, controller	1 Nov 1993	Other	4316462
Robert B. Singer	Director	1 Nov 1993	Other	4391144
George Benedict Chelius	Director	1 Feb 1996	Other	45303
Kenneth E. Buhrmaster	Director	1 May 1996	Other	4391146
Michael J. Serventi	Director	1 Aug 2000	Other	4391155
Sandra L. Tatem	Director	1 Nov 2001	Other	4486517
David D. Montana	Director	1 Nov 2001	Other	4486521
Anne B. Putnam	Director	1 Nov 2001	Other	4486527
Roger Allen Hannay	Director	1 May 2004	Other	5261395
Charles Henry Richter	Chief compliance officer	1 Nov 2004	Other	1839310
Peter Andrew Goldman	President, coo	1 Nov 2004	Other	2703656
Catherine Mathews Rankin	Director	1 Nov 2006	Other	5255958
David John Pollitizer	President/coo	1 Mar 2007	Other	5456407
Michael F Saccocio	Director	1 Aug 2013	Other	6277275
Wilma Elizabeth Jordan	Director	1 Nov 2014	Other	4935384
Joseph Arthur Bucci	Assistant secretary, assistant controller	1 May 2016	Other	4316462
Michael Frank Balboa	Chief financial officer/secretary	1 May 2016	Other	6635684
David John Pollitzer	Chief operating officer	1 Aug 2016	Other	5456407
Michael Frank Balboa	Chief financial officer/treasurer/secretary	1 Aug 2016	Other	6635684
Debra Ann Pollard	President	1 Aug 2016	Other	1874147
Debra Ann Pollard	President, chief operating officer	1 Oct 2016	Other	1874147
Anne B. Putnam	Senior vice president, head of intermediaries	1 Oct 2016	Other	4486527
George Benedict Chelius	Director emeritus	1 Nov 2016	Other	45303
Greg J. Champion	Director	1 May 2017	Other	xxx-xx-xxxx
Colleen Elizabeth Corwell	Chief compliance officer	1 Nov 2017	Other	4154751
John Frederick Murray	Director	1 Nov 2018	Other	2882607
Chris F Dennison	Chief operating officer	1 Aug 2019	Other	2553492

Based in Cobleskill

The principal office where Fenimore Asset Management, Inc. performs its advisory services is located at 384 N Grand Street, Cobleskill, NY 12043 0310, which is also the mailing address of the firm. An additional office of the firm is in Santa Fe, NM. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 518-234-4393 or by fax 518-234-4421. The normal business hours are 8:30 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at famfunds.com/about-fenimore-asset-management/.