Counsel Fiduciary, LLC (Brooklyn)

Name: Counsel Fiduciary, LLC
Address: 140 8 Th Avenue, Brooklyn, NY, 11215
Telephone: 646-308-1400

Counsel Fiduciary, LLC is a mid-sized advisory firm based in Brooklyn. It manages $57.27 million of regulatory assets for 245 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of New Hampshire, New York, and Pennsylvania.

Counsel Fiduciary provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Counsel Fiduciary: assets under management

The assets under management (AUM) of Counsel Fiduciary, LLC is $57.27 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 66% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $57.27 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $233.74 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 35% of the total AUM. The second-largest asset type is exchange traded securities, which make up 35% of the firm’s portfolio. Investments in sovereign bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Counsel Fiduciary, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Counsel Fiduciary serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Counsel Fiduciary is high net worth individuals with 18 clients and $46.64 million of assets under management. Among the 2 most similar advisory firms, Counsel Fiduciary has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $57.27 million for 33 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.

Counsel Fiduciary doesn't advise any private funds.

Careers at Counsel Fiduciary, LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No 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.

Susan Grinnell Middleton has served as the Chief Investment Officer since 1 Feb 2016. Leith Suzanne Harmon joined the executive team most recently as the Managing Member And Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Susan Grinnell Middleton	Managing member / chief compliance officer	1 Apr 2006	Other	5127714
Leith Suzanne Harmon	Managing member and chief compliance officer	1 Jun 2006	75% - 100%	4021187
Susan Grinnell Middleton	Chief investment officer	1 Feb 2016	Other	5127714

Based in Brooklyn

The principal office where Counsel Fiduciary, LLC performs its advisory services is located at 140 8 Th Avenue, Brooklyn, NY 11215, which is also the mailing address of the firm. An additional office of the firm is in Titusville, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 646-308-1400 or by fax 646-514-2367. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at counselfiduciary.com.