Gamco Asset Management Inc. is a large advisory firm based in Rye. It manages $12.97 billion of regulatory assets for 1,605 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 45 other states.
Gamco Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, 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.
The assets under management (AUM) of Gamco Asset Management Inc. is $12.97 billion. The firm's AUM has gone down by -4% since the beginning of its operation, and $106.96 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Gamco Asset Management Inc. for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Gamco Asset Management is pension and profit sharing plans with 86 clients and $3.34 billion of assets under management. Among the 8 most similar advisory firms, Gamco Asset Management has the highest percentage of pension and profit sharing plans out of all clients.
The amount of regulatory assets under management is $12.97 billion for 1,605 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.
Gamco Asset Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.
The company employs 77 people that are either part- or full-time employees. 22 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.
There are 3 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.
The principal office where Gamco Asset Management Inc. performs its advisory services is located at One Corporate Center, Rye, NY 10580 1422, which is also the mailing address of the firm. An additional office of the firm is in Palm Beach, FL. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 914-921-5000 or by fax 914-921-5098. The normal business hours are 8 a.m. - 6 p.m. on Monday - Friday. You can find more information about the New York firm at gabelli.com.