Institutional Investment Advisors Corp (New York)

Name: Institutional Investment Advisors Corp
Address: 440 Park Avenue South, New York, NY, 10016
Telephone: 212-869-7266

Institutional Investment Advisors Corp is a mid-sized advisory firm based in New York. It manages $43 million of regulatory assets for 272 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Florida, New Jersey, and New York.

Institutional Investment Advisors Corp provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Institutional Investment Advisors Corp: assets under management

The assets under management (AUM) of Institutional Investment Advisors Corp is $43 million. The firm's AUM has grown by 39% since the beginning of its operation, and $300 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $38.5 million in discretionary accounts and $4.5 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $173.42 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $90 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 43% of the total AUM. The second-largest asset type is investment and business development companies, which make up 31% of the firm’s portfolio. Investments in investment grade corporate bonds form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Institutional Investment Advisors Corp 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 Institutional Investment Advisors Corp serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Institutional Investment Advisors Corp is high net worth individuals with 24 clients and $20.7 million of assets under management. Among the 3 most similar advisory firms, Institutional Investment Advisors Corp has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $40.1 million for 129 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.

Institutional Investment Advisors Corp doesn't advise any private funds.

Careers at Institutional Investment Advisors Corp

The company employs 4 people that are either part- or full-time employees. 25 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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 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
Clifford Michaels	Chief investment officer	1 May 1990	75% - 100%	1191696
Clifford Michaels	Cio/chief compliance officer	1 Jan 1991	75% - 100%	1191696

Based in New York

The principal office where Institutional Investment Advisors Corp performs its advisory services is located at 440 Park Avenue South, New York, NY 10016 The mailing address of the firm is Fdr Station Po Box 1603, New York, NY 10150. An additional office of the firm is in Flemington, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-869-7266 or by fax 212-656-1014. The normal business hours are 9:00am-6:00pm on Monday - Friday. You can find more information about the New York firm at conservativeadvice.com.