Flaherty & Crumrine Incorporated (Pasadena)

Name: Flaherty & Crumrine Incorporated
Address: 301 E Colorado Blvd, Pasadena, CA, 91101 1911
Telephone: 626-795-7300

Flaherty & Crumrine Incorporated is a large advisory firm based in Pasadena. It manages $4.03 billion of regulatory assets for 20 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdiction of California.

Flaherty & Crumrine Incorporated 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.

Flaherty & Crumrine Incorporated: assets under management

The assets under management (AUM) of Flaherty & Crumrine Incorporated is $4.03 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 14% since the beginning of its operation, and $96.75 million of the total AUM is attributable to clients outside of the United States.

The firm manages $4.03 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $201.67 million each.

Investments

The firm invests in other assets the most. They account for 95% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 3% of the firm’s portfolio. Investments in exchange traded securities form 1% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Flaherty & Crumrine Incorporated 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 Robert Michael Ettinger serves?

The firm provides services to insurance companies, investment companies, and pooled investment vehicles. The largest group of clients of Robert Michael Ettinger is investment companies with 6 clients and $2.81 billion of assets under management. Among the 10 most similar advisory firms, Flaherty & Crumrine Incorporated has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $3.94 billion for 16 clients. 10% of the firm’s clients are foreign persons or businesses.

Flaherty & Crumrine Incorporated doesn't advise any private funds.

Careers at Flaherty & Crumrine Incorporated

The company employs 15 people that are either part- or full-time employees. 53 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.

Robert Michael Ettinger has been acting as President since 1 Dec 1996. Robert Eric Chadwick joined the executive team most recently as the President & Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Donald Frasier Crumrine	Chairman of the board	1 Dec 1996	Other	58166
Robert Michael Ettinger	President	1 Dec 1996	Other	4342439
The Flaherty Trust	Shareholder	1 Jan 1997	Other	n/a
Robert Thomas Flaherty	Shareholder	1 Jan 1997	Other	209322
The Crumrine Trust	Shareholder	1 Mar 1997	25% - 50%	n/a
Donald Frasier Crumrine	Shareholder	1 Mar 1997	Other	58166
The Ettinger Trust	Shareholder	1 Apr 1997	25% - 50%	n/a
Robert Michael Ettinger	Shareholder	1 Apr 1997	Other	4342439
Robert Eric Chadwick	Vice president	1 Aug 2001	Other	4519380
Bradford Sydenham Stone	Vice president	1 May 2003	Other	1186047
Christopher Douglas Ryan	Vice president	1 Feb 2004	Other	2083934
Laurie C. Lodolo	Secretary & assistant compliance officer	1 Feb 2004	Other	4782632
Laurie Caddell Lodolo	Secretary & assistant compliance officer	1 Feb 2004	Other	4782632
Chad Christopher Conwell	Chief legal officer & chief compliance officer	1 Sep 2005	Other	5041482
The Chadwick Family Trust	Shareholder	1 May 2006	Other	n/a
Robert Eric Chadwick	Vice president & director	1 May 2006	Other	4519380
Bradford Sydenham Stone	Vice president & director	1 May 2006	Other	1186047
Rick J Seto	Vice president	1 Dec 2007	Other	1859728
Rick Jone Seto	Vice president	1 Dec 2007	Other	1859728
The Conwell Family Trust	Shareholder	1 Jan 2011	Other	n/a
Robert Eric Chadwick	President & director	1 Sep 2014	Other	4519380
Bradford Sydenham Stone	Executive vice president, chief financial officer & director	1 Sep 2014	Other	1186047
Chad Christopher Conwell	Executive vice president, chief legal officer, chief compliance officer & director	1 Sep 2014	Other	5041482

Indirect Owners

The SEC currently registers 11 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Robert Thomas Flaherty	Trustee	1 Dec 1982	Other	209322
Donald Frasier Crumrine	Trustee	1 Mar 1989	Other	58166
Lucille Harbour Crumrine	Trustee	1 Mar 1989	Other	5124444
Robert Michael Ettinger	Trustee	1 Mar 1989	Other	4342439
Jane Zimmerman Ettinger	Trustee	1 Mar 1989	Other	1039344
Lucille H. Crumrine	Trustee	1 Mar 1989	Other	5124444
Jane Z. Ettinger	Trustee	1 Mar 1989	Other	1039344
Robert Eric Chadwick	Trustee	1 Mar 2006	Other	4519380
Becky Ann Chadwick	Trustee	1 Mar 2006	Other	5160500
Christina L Conwell	Trustee	1 Jan 2011	Other	5904852
Chad Christopher Conwell	Trustee	1 Jan 2011	Other	5041482

Based in Pasadena

The principal office where Flaherty & Crumrine Incorporated performs its advisory services is located at 301 E Colorado Blvd, Pasadena, CA 91101 1911, which is also the mailing address of the firm. An additional office of the firm is in Summit, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 626-795-7300. The normal business hours are 8:30am to 5:00pm on Monday - Friday. You can find more information about the New York firm at flaherty-crumrine.com..