Geller Advisors LLC (New York)

Name: Geller Advisors LLC
Address: 909 Third Avenue, New York, NY, 10022
Telephone: (212) 583-6001

Geller Advisors LLC is a large advisory firm based in New York. It manages $3.15 billion of regulatory assets for 537 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, New Jersey, and New York.

Geller Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Geller Advisors: assets under management

The assets under management (AUM) of Geller Advisors LLC is $3.15 billion. The firm's AUM has grown by 13% since the beginning of its operation, and $7.5 million of the total AUM is attributable to clients outside of the United States.

The firm manages $3.12 billion in discretionary accounts and $29.44 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $5.96 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.1 million.

Geller Advisors has custody of $2.2 billion in cash and securities for 73 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 40% of the total AUM. The second-largest asset type is exchange traded securities, which make up 21% of the firm’s portfolio. Investments in cash and cash equivalents form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Geller Advisors LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Geller Advisors serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Geller Advisors is high net worth individuals with 69 clients and $2.73 billion of assets under management. Among the 8 most similar advisory firms, Geller Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $3.15 billion for 89 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 3% of the firm’s clients are foreign persons or businesses.

Geller Advisors also advises several private funds. Namely, one hedge fund and five private equity funds. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Geller Advisors LLC

The company employs 121 people that are either part- or full-time employees. 10 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Robert Wedeking has served as the Chief Investment Officer since 1 Apr 2012 and Hayden M Horowitz is the Chief Executive Officer of Geller Advisors LLC family office. Doreen Nidowicz joined the executive team most recently as the Chief Operating Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Geller & Company Llc	Owner	1 Dec 2004	75% - 100%	13-4149326
Martin Jay Geller	Geller & company president	1 Dec 2004	Other	1312941
Robert Wedeking	Chief investment officer	1 Apr 2012	Other	2370316
Hayden M Horowitz	Chief operating officer	1 Nov 2015	Other	4442957
Edward Seth Hornstein	Chief compliance officer	1 Mar 2018	Other	6927780
Hayden M Horowitz	Chief executive officer	1 Jul 2018	Other	4442957
Doreen Nidowicz	Chief operating officer	1 Apr 2019	Other	7120160

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Geller Holdings	Owner	1 Jan 2001	75% - 100%	13-4149322
Martin Jay Geller	Owner	1 Jan 2001	75% - 100%	1312941

Based in New York

The principal office where Geller Advisors LLC performs its advisory services is located at 909 Third Avenue, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in Los Angeles, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (212) 583-6001 or by fax (212) 583-6241. The normal business hours are 9:00 am - 6:00 pm on Monday - Friday. You can find more information about the New York firm at gelleradvisors.com and its LinkedIn profile.