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First Investors Management Company, Inc. (New York)


First Investors Management Company, Inc. is a large advisory firm based in New York. It manages $11 billion of regulatory assets for 46 client accounts. It has been registered with the SEC as an adviser since 2001.

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First Investors Management Company provides portfolio management for investment companies, selection of other advisers, and management of certain internal accounts without a fee. see sched. d, misc.. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

First Investors Management Company: assets under management

The assets under management (AUM) of First Investors Management Company, Inc. is $11 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 86% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.


The firm manages $11 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $239.02 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay First Investors Management Company, 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.

Careers at First Investors Management Company, Inc.

William Michael Lipkus has been acting as President since 1 Sep 2007. Clark David Wagner has served as the Chief Investment Officer since 1 Jul 1991. Francis Xavier Gannon joined the executive team most recently as the Chief Financial Officer.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
First Investors Consolidated Corporation Holding company 1 Jan 1968 75% - 100% 13-2608329
First Investors Consolidated Corporation Holding company 1 Feb 1968 75% - 100% 13-2608329
Inc. Foresters Financial Holding Company Holding company 1 Feb 1968 75% - 100% 13-2608329
Glenn Oakes Head Director 1 Feb 1968 25% - 50% 240921
Glen Oakes Head Chairman & director 1 Feb 1984 25% - 50% 240921
Glenn Oakes Head Chairman 1 Jun 1984 25% - 50% 240921
John Thielen Sullivan Director 1 Jan 1990 Other 2487454
Clark David Wagner Chief investment officer 1 Jul 1991 Other 2169225
Larry Raymond Lavoie Chief legal officer 1 Mar 1993 Other 2337147
Kathryn Sue Head President 1 Apr 1994 Other 1181913
Kathryn Sue Head President & director 1 Mar 1995 Other 1181913
Kathryn Sue Head Director 1 Jul 1997 Other 1181913
William Michael Lipkus Chief financial officer 1 Apr 1998 Other 2944274
William Michael Lipkus Chief financial officer 1 May 1998 Other 2944274
Michael William Deneka Investment compliance manager 1 Aug 1999 Other 2924411
Larry Raymond Lavoie Chief compliance officer 1 Aug 2004 Other 2337147
Kathryn Sue Head Chairman 1 Jan 2005 Other 1181913
Larry Raymond Lavoie Director 1 Jan 2005 Other 2337147
William Michael Lipkus Director 1 Sep 2007 Other 2944274
Michael William Deneka Chief compliance officer 1 Jun 2008 Other 2924411
Larry Raymond Lavoie Chief compliance officer 1 Jun 2008 Other 2337147
Marc Steven Milgram Chief compliance officer 1 Nov 2010 Other 5332706
Christopher Harry Pinkerton Director 1 Jan 2011 Other 1385371
Christopher Harry Pinkerton Chairman 1 Feb 2011 Other 1385371
Derek David Burke President 1 Oct 2011 Other 2709305
William Michael Lipkus Chief administrative officer 1 Jun 2012 Other 2944274
William Michael Lipkus Chairman 1 Aug 2012 Other 2944274
Derek David Burke Director 1 Aug 2012 Other 2709305
Francis Xavier Gannon Chief financial officer 1 Apr 2013 Other 6181654

Indirect Owners

The SEC currently registers 3 indirect owners.

Name Entity Date acquired Ownership Employer ID
Glenn Oakes Head Shareholder 1 May 1968 50% - 75% 240921
Carol Jane Head Shareholder 1 May 1968 25% - 50% 5630216
The Independent Order Of Foresters Owner 1 Jan 2011 75% - 100% 23-7563162

Based in New York

The principal office where First Investors Management Company, Inc. performs its advisory services is located at 40 Wall Street, New York, NY 10005 1343, 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 212-858-8000 or by fax 212-858-8119. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at firstinvestors.com.


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