Fenimore Asset Management, Inc. (Cobleskill)


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/.