Shufro, Rose & Co., LLC (New York)

Name: Shufro, Rose & Co., LLC
Address: 600 Lexington Avenue, New York, NY, 10022
Telephone: 212-754-5100

Shufro, Rose & Co., LLC is a large advisory firm based in New York. It manages $1.57 billion of regulatory assets for 1,225 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Shufro, Rose & Co. provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Shufro, Rose & Co.: assets under management

The assets under management (AUM) of Shufro, Rose & Co., LLC is $1.57 billion. The firm's AUM has grown by 33% since the beginning of its operation, and $14.48 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.52 billion in discretionary accounts and $47.64 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.3 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $866.24 thousand.

Shufro, Rose & Co. has custody of $1.57 billion in cash and securities for 1,225 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 56% of the total AUM. The second-largest asset type is government bonds, which make up 16% of the firm’s portfolio. Investments in cash and cash equivalents form 14% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Shufro, Rose & Co., 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.

What kind of clients Shufro, Rose & Co. serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Shufro, Rose & Co. is high net worth individuals with 409 clients and $1.3 billion of assets under management. Among the 11 most similar advisory firms, Shufro, Rose & Co. has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.57 billion for 1,225 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.

Shufro, Rose & Co. doesn't advise any private funds.

Careers at Shufro, Rose & Co., LLC

The company employs 21 people that are either part- or full-time employees. 38 percent of the employees work as investment advisers or researchers. 7 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 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
Salwyn Shufro	Managing director	1 May 1938	25% - 50%	422886
Edward George Shufro	Senior managing director, ceo	1 Jan 1965	25% - 50%	422885
Richard John Rose	Managing director	1 Jan 1974	Other	601277
Robert David Weiss	Managing director	1 Jan 1979	Other	462475
Stephen David Leit	Senior managing director	1 Jan 1989	25% - 50%	818707
Steven Jeffrey Glass	Senior managing director, cfo, finop	1 Jan 1997	Other	1756153
Harvey W Moy	Chief compliance officer, bomrop	1 May 2000	Other	3031134
Harvey Wacht	Senior managing director	1 Jan 2003	Other	456036
John Marinus Contant	Senior managing director	1 Jan 2004	Other	2810876
Gregory David Shufro	Senior managing director	1 Jan 2008	Other	4718283
Gregory David Shufro	Senior managing director	1 Mar 2008	Other	4718283
Gregory David Shufro	Senior managing director	1 Apr 2008	Other	4718283
Tonia Kaminsky	Senior managing director	1 Apr 2009	Other	4134855
Gregory David Shufro	Chief compliance officer , aml-co, senior managing director	1 Jul 2010	Other	4718283
Gregory David Shufro	Senior managing director	1 Jan 2015	Other	4718283
Myles Joshua Iv Edwards	Chief compliance officer, chief operating officer, aml- co, general counsel	1 Jan 2015	Other	2040332
Myles Joshua Edwards	Chief compliance officer, chief operating officer, general counsel	1 Jan 2015	Other	2040332
Myles Joshua Edwards	Chief compliance officer & general counsel	1 Apr 2017	Other	2040332
Vibhaw Kumar Arya	Head of operations and information technology	1 Apr 2017	Other	4285210
Gregory David Shufro	Chief compliance officer	1 Mar 2018	Other	4718283
John Alan Wilkens	Chief financial officer, chief compliance officer	1 Oct 2018	Other	2728545
Edward George Shufro	Senior managing director emeritus	1 Jan 2019	25% - 50%	422885

Based in New York

The principal office where Shufro, Rose & Co., LLC performs its advisory services is located at 600 Lexington 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 212-754-5100 or by fax 212-754-5111. The normal business hours are 9 am - 5 pm on Monday - Friday. You can find more information about the New York firm at shufrorose.com.