Cross Island Advisors LLC (Darien)


Cross Island Advisors LLC is a large advisory firm based in Darien. It manages $376 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Connecticut and New York.

Cross Island Advisors provides portfolio management for individuals and small businesses and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cross Island Advisors: assets under management

The assets under management (AUM) of Cross Island Advisors LLC is $376 million. The firm's AUM has grown by 262% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $76 million in discretionary accounts and $300 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $76 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $300 million.

Investments

The firm invests in exchange traded securities the most. They account for 70% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 15% of the firm’s portfolio. Investments in government bonds form 15% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Cross Island Advisors 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.

Careers at Cross Island Advisors LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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 doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Amit Chokshi Managing member & chief compliance officer 1 Nov 2017 75% - 100% 3156616
Amit G Chokshi Managing member & chief compliance officer 1 Nov 2017 75% - 100% 3156616

Based in Darien

The principal office where Cross Island Advisors LLC performs its advisory services is located at 450 Mansfield Ave, Darien, CT 06854, which is also the mailing address of the firm. An additional office of the firm is in Hicksville, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 203-252-7654 or by fax N/A. The normal business hours are not applicable - office visits by appointment only on Other. You can find more information about the New York firm at crossislandadvisors.com.