Lord, Abbett & Co. LLC (Jersey City)

Name: Lord, Abbett & Co. LLC
Address: 90 Hudson Street, Jersey City, NJ, 07302 3973
Telephone: 201-827-2000

Lord, Abbett & Co. LLC is an investment adviser to an investment company based in Jersey City. It manages $182.63 billion of regulatory assets for 15,836 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Lord, Abbett & 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 impersonal investment advisory services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Lord, Abbett &: assets under management

The assets under management (AUM) of Lord, Abbett & Co. LLC is $182.63 billion. The firm's AUM has grown by 325% since the beginning of its operation, and $8.83 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $181.01 billion in discretionary accounts and $1.62 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $11.43 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $269.31 million.

Investments

The firm invests in state and local bonds the most. They account for 44% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 14% of the firm’s portfolio. Investments in exchange traded securities form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lord, Abbett & Co. LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Lord, Abbett & serves?

The firm provides services to individuals, insurance companies, investment companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Lord, Abbett & is investment companies with 69 clients and $152.77 billion of assets under management. Among the 9 most similar advisory firms, Lord, Abbett & has the 3rd highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $182.12 billion for 15,834 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Lord, Abbett & also advises several private funds. Namely, four other private funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Lord, Abbett & Co. LLC

The company employs 783 people that are either part- or full-time employees. 23 percent of the employees work as investment advisers or researchers. 229 employees are registered as investment adviser representatives with the state securities authorities.

There are 4 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Susan E Lynch	Non-executive member	1 Jan 1997	Other	4603906
Joan Anne Binstock	Member, chief financial officer	1 Jul 2002	Other	1704398
Susan E Lynch	Non-executive member	1 Jul 2002	Other	4603906
Zane Eugene Brown	Member	1 Jul 2002	Other	1810962
Daniel Emery Carper	Member	1 Jul 2002	Other	820074
Robert Stanley Dow	Member	1 Jul 2002	Other	1616509
John Edward Erard	Member	1 Jul 2002	Other	820496
Robert Paul Fetch	Member	1 Jul 2002	Other	2615563
Daria Lopresti Foster	Member	1 Jul 2002	Other	2811548
Robert Ira Gerber	Member	1 Jul 2002	Other	1624324
Paul Arnold Hilstad	Member	1 Jul 2002	Other	1711106
William Thomas Hudson	Member	1 Jul 2002	Other	252202
Stephen Jones Mcgruder	Member	1 Jul 2002	Other	328093
Robert Gary Morris	Member	1 Jul 2002	Other	2562775
Robert John Noelke	Member	1 Jul 2002	Other	1144695
Robert Mark Pennington	Member	1 Jul 2002	Other	1447878
Eli Mark Salzmann	Member	1 Jul 2002	Other	1551594
Christopher James Towle	Member	1 Jul 2002	Other	1296148
Michael Anthony Grant	Member	1 Jul 2002	Other	1728406
Douglas Bloom Sieg	Member	1 Jul 2002	Other	2261001
Lawrence Harold Kaplan	Member	1 Jul 2002	Other	2211854
Edward Kent Vonderlinde	Member	1 Jul 2002	Other	3014274
Marion Zapolin	Member	1 Jul 2002	Other	734937
Michael Roger Brooks	Member	1 Oct 2002	Other	867714
Patrick Joseph Browne	Member	1 Oct 2002	Other	1897005
John Joseph Dichiaro	Member	1 Oct 2002	Other	1165194
Sholom Dinsky	Member	1 Oct 2002	Other	1917310
Lesley Jane Dixon	Member	1 Oct 2002	Other	2440458
Kevin Patrick Ferguson	Member	1 Oct 2002	Other	2554612
Daniel Horace Frascarelli	Member	1 Oct 2002	Other	1293310
Michael Scott Goldstein	Member	1 Oct 2002	Other	2596189
Howard Emil Hansen	Member	1 Oct 2002	Other	2115534
Charles Frederick Hofer	Member	1 Oct 2002	Other	2071915
Cinda Crump Hughes	Member	1 Oct 2002	Other	2548692
Ellen Grace Itskovitz	Member	1 Oct 2002	Other	2282629
Robert Andrew Lee	Member	1 Oct 2002	Other	2329605
Maren Lindstrom	Member	1 Oct 2002	Other	2520584
Thomas Malone	Member	1 Oct 2002	Other	1662274
Gregory Martin Mocosko	Member	1 Oct 2002	Other	4602770
Paul Leigh Mcnamara	Member	1 Oct 2002	Other	2072433
Charles Peter Massare	Member	1 Oct 2002	Other	4602777
Anthony Edward Oberhaus	Member	1 Oct 2002	Other	1216693
Walter Hugo Prahl	Member	1 Oct 2002	Other	1967165
Tracie Elizabeth Ahern	Member	1 Oct 2002	Other	4602831
Michael Dean Rose	Member	1 Oct 2002	Other	1450497
Richard Douglas Sieling	Member	1 Oct 2002	Other	4602832
Michael Timothy Smith	Member	1 Oct 2002	Other	4602833
Richard David Smola	Member	1 Oct 2002	Other	2545956
Diane Rose Tornejal	Member	1 Oct 2002	Other	4602834
Susan E Lynch	Non-executive member	1 Oct 2002	Other	4603906
John Michael Mccarthy	Non-executive member	1 Oct 2002	Other	325168
Gregory Martin Macosko	Member	1 Oct 2002	Other	4602770
F Thomas Ohalloran	Member	1 Oct 2003	Other	1869526
James William Bernaiche	Director of compliance	1 Mar 2004	Other	1199722
James William Bernaiche	Chief compliance officer	1 Aug 2004	Other	1199722
Milton Joseph Ezrati	Member	1 Oct 2004	Other	1524015
Gerard Splane Edward Heffernan	Member	1 Oct 2004	Other	4665274
Jerald Michael Lanzotti	Member	1 Oct 2004	Other	2450077
Richard Curtis Larsen	Member	1 Oct 2004	Other	717673
Michael Leon Radziemski	Member	1 Oct 2004	Other	4864779
Lawrence Harold Kaplan	Member and general counsel	1 Oct 2005	Other	2211854
Jarrod Ray Sohosky	Member	1 Oct 2005	Other	2515147
Daria Lopresti Foster	Member, managing partner	1 Oct 2007	Other	2811548
Robert Ira Gerber	Member, chief investment officer	1 Oct 2007	Other	1624324
Robert Stanley Dow	Member/senior partner	1 Oct 2007	Other	1616509
James William Bernaiche	Member, chief compliance officer	1 Oct 2008	Other	1199722
Lynn Marie Gargano	Chief financial officer	1 Apr 2009	Other	5106569
Lynn Marie Gargano	Member, chief financial officer	1 Oct 2009	Other	5106569
Robert Stanley Dow	Non-executive member	1 Oct 2012	Other	1616509
Joseph Michael Mcgill	Member, chief compliance officer	1 Jan 2014	Other	1496983
Douglas Bloom Sieg	Member, client services	1 Oct 2014	Other	2261001
Robert Andrew Lee	Member and chief investment officer	1 Oct 2016	Other	2329605
Bernard James Grzelak	Member and chief operations officer	1 Oct 2016	Other	4285750
Bernard Matthew Doucette	Member, chief financial officer	1 Mar 2018	Other	2310066
Daria Lopresti Foster	Non-executive member	1 Apr 2018	Other	2811548
Douglas Bloom Sieg	Member, managing partner	1 Apr 2018	Other	2261001
Lawrence Bruce Stoller	Member and general counsel	1 Jan 2019	Other	3076279
Angela L Fannon	Chief financial officer	1 Jul 2019	Other	4282126

Based in Jersey City

The principal office where Lord, Abbett & Co. LLC performs its advisory services is located at 90 Hudson Street, Jersey City, NJ 07302 3973, 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 201-827-2000 or by fax 201-536-3979. The normal business hours are 9:00 a.m. - 5:00 p.m on Monday - Friday. You can find more information about the New York firm at lordabbett.com.