W. H. Reaves & Co., Inc. (Jersey City)

Name: W. H. Reaves & Co., Inc.
Address: 10 Exchange Place, 18 Th Floor, Jersey City, NJ, 07302
Telephone: 201-332-4596

W. H. Reaves & Co., Inc. is a large advisory firm based in Jersey City. It manages $2.81 billion of regulatory assets for 658 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, California, Connecticut, and 18 other states.

W. H. Reaves & Co. provides portfolio management for individuals and small businesses, portfolio management for investment companies, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

W. H. Reaves & Co.: assets under management

The assets under management (AUM) of W. H. Reaves & Co., Inc. is $2.81 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 127% since the beginning of its operation, and $3.95 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.81 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.27 million each.

Investments

The firm invests in exchange traded securities the most. They account for 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay W. H. Reaves & Co., 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.

What kind of clients William Avrum Ferer serves?

The firm provides services to individuals, insurance companies, investment companies, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of William Avrum Ferer is investment companies with 4 clients and $2.37 billion of assets under management. Among the 13 most similar advisory firms, W. H. Reaves & Co. has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $2.81 billion for 658 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.

W. H. Reaves & Co. doesn't advise any private funds.

Careers at W. H. Reaves & Co., Inc.

The company employs 23 people that are either part- or full-time employees. 26 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 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.

William Avrum Ferer has been acting as President since 1 Jul 1987. Louis Francisco Cimino joined the executive team most recently as the Reaves Board Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William Hamlin Reaves	President	1 Sep 1977	25% - 50%	372104
Thomas Russell Williams	Senior vp	1 Sep 1977	Other	468337
Louis Henry Paternoster	Vice president	1 Sep 1977	Other	357685
Lloyd Russel Karp	Vice president	1 Aug 1981	Other	1061727
Joseph Burns Rhame	Vice president, secretary, treasurer	1 May 1986	Other	1522859
William Avrum Ferer	President	1 Jul 1987	Other	824052
Ronald James Sorenson	Vice chairman, chief executive officer	1 Dec 1991	Other	2218479
Thomas Michael Grimes	Vice president	1 Dec 1992	Other	1854596
Everett L Morris	Vice president	1 Jun 1993	Other	2379883
Mark David Luftig	Executive vice president	1 Jan 1995	Other	319989
Louis Francisco Cimino	Vice president, chief operating officer, treasurer	1 Apr 1997	Other	1596549
M Kathleen Vuchetich	Vice president	1 Sep 1997	Other	2962685
David Marc Pass	Vice president, secretary, chief compliance officer, cfo, municipal securities principal	1 Mar 1998	Other	1041996
Rowland Otto Jr Wilhelm	Vice president	1 Jan 2000	Other	2368027
Rowland O Wilhelm	Vice president	1 Jan 2000	Other	2368027
Shawn Michael Brennan	Vice president	1 Jan 2000	Other	2430075
John Prentiss Bartlett	Vice president	1 Jan 2001	Other	2248307
Stacy Rosen Saul	Vice president	1 Dec 2002	Other	2534811
Timothy Ottaviano Porter	Vice president	1 Jun 2007	Other	2512256
Joseph Burns Iii Rhame	Vice president	1 May 2010	Other	4676211
Joseph Burns Rhame	Ceo	1 May 2010	Other	4676211
Brian Wallace Weeks	Vice president	1 Mar 2015	Other	4679843
Louis Francisco Cimino	Reaves board member	1 Jul 2019	Other	1596549
David Marc Pass	Vice president, secretary, chief operating officer, cfo	1 Jul 2019	Other	1041996
John Prentiss Bartlett	President	1 Jul 2019	Other	2248307
Alison Wendy Davis Rodriguez	Vice president, chief compliance officer	1 Jul 2019	Other	728843

Based in Jersey City

The principal office where W. H. Reaves & Co., Inc. performs its advisory services is located at 10 Exchange Place, 18 Th Floor, Jersey City, NJ 07302, 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 201-332-4596 or by fax 201-332-8593. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at whreaves.com.