Geller Family Office Services LLC (New York)

Name: Geller Family Office Services LLC
Address: 909 Third Avenue, New York, NY, 10022
Telephone: (212) 583-6001

Geller Family Office Services LLC is a large advisory firm based in New York. It manages $2.79 billion of regulatory assets for 693 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of New Jersey and New York.

Geller Family Office Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Geller Family Office Services: assets under management

The assets under management (AUM) of Geller Family Office Services LLC is $2.79 billion. The firm's AUM has grown by 134% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.76 billion in discretionary accounts and $31.71 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.07 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.11 million.

Geller Family Office Services has custody of $1.91 billion in cash and securities for 83 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 29% of the total AUM. The second-largest asset type is government bonds, which make up 26% of the firm’s portfolio. Investments in exchange traded securities form 22% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Geller Family Office Services LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Geller Family Office Services serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Geller Family Office Services is high net worth individuals with 69 clients and $2.49 billion of assets under management. Among the 8 most similar advisory firms, Geller Family Office Services has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.79 billion for 87 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.

Geller Family Office Services also advises several private funds. Namely, one hedge fund and three private equity funds. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Geller Family Office Services LLC

The company employs 104 people that are either part- or full-time employees. 12 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 don’t receive compensation from other entities for client referrals.

Robert Wedeking has served as the Chief Investment Officer since 1 Apr 2012 and James Hugh Mclaughlin is the Chief Executive Officer of Geller Family Office Services LLC family office. Edward Seth Hornstein joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Geller And Company	Owner	1 Dec 2004	75% - 100%	13-4149326
Martin Jay Geller	Geller & co. president	1 Dec 2004	75% - 100%	1312941
Geller & Company Llc	Owner	1 Dec 2004	75% - 100%	13-4149326
Jon Ramsay Persson	Chief compliance officer	1 Feb 2005	Other	360839
James Hugh Mclaughlin	Chief executive officer	1 Sep 2009	Other	2475611
Douglas Jay Banbury	Chief compliance officer	1 Feb 2010	Other	4364708
Jon Ramsay Persson	Chief compliance officer	1 May 2010	Other	360839
Martin Cooperman	Managing partner - geller & company	1 Oct 2011	Other	6036827
Christopher John Schiffer	Chief compliance officer	1 Jan 2012	Other	2875225
Robert Wedeking	Chief investment officer	1 Apr 2012	Other	2370316
Susan Warren Sofronas	Head of family office services	1 Jul 2012	Other	1455955
Paul Ira Kasnetz	Chief compliance officer/cfo	1 Jan 2013	Other	6158570
Giuseppe Calabrase	Ceo	1 Sep 2013	Other	5013231
Giuseppe Calabrese	Ceo	1 Sep 2013	Other	5013231
Martin Alan Braunstein	Chief compliance officer	1 Jun 2014	Other	1101934
Hayden M Horowitz	Chief operating officer	1 Nov 2015	Other	4442957
Edward Seth Hornstein	Chief compliance officer	1 Mar 2018	Other	6927780

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Geller Holdings	Owner	1 Jan 2001	75% - 100%	13-4149322
Martin Jay Geller	Owner	1 Jan 2001	75% - 100%	1312941

Based in New York

The principal office where Geller Family Office Services LLC performs its advisory services is located at 909 Third Avenue, New York, NY 10022, 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 (212) 583-6001 or by fax (212) 583-6241. The normal business hours are 9:00 am - 6:00 pm on Monday - Friday. You can find more information about the New York firm at gellerfamilyofficeservices.com.