Fairfield, Bush & Co. (New Haven)

Name: Fairfield, Bush & Co.
Address: 265 Church Street, New Haven, CT, 06510
Telephone: 203-777-5900

Fairfield, Bush & Co. is a large advisory firm based in New Haven. It manages $393.59 million of regulatory assets for 271 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California, Connecticut, District of Columbia, and 15 other states.

Fairfield, Bush & provides portfolio management for individuals and small businesses 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.

Fairfield, Bush &: assets under management

The assets under management (AUM) of Fairfield, Bush & Co. is $393.59 million. The firm's AUM has gone down by -10% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $292.73 million in discretionary accounts and $100.85 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.09 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $50.43 million.

Fairfield, Bush & has custody of $23.1 million in cash and securities for 9 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 77% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 14% of the firm’s portfolio. Investments in government bonds form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fairfield, Bush & Co. for their services and products based on a percentage of assets under management and fixed 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.

What kind of clients Fairfield, Bush & serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Fairfield, Bush & is high net worth individuals with 70 clients and $279.03 million of assets under management. Among the 11 most similar advisory firms, Fairfield, Bush & has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $393.59 million for 271 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.

Fairfield, Bush & doesn't advise any private funds.

Careers at Fairfield, Bush & Co.

The company employs 8 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 5 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Charles Augustus Krause	Chief compliance officer	1 Oct 1998	75% - 100%	2169396
Charles Augustus Krause	Managing director	1 Dec 1998	75% - 100%	2169396

Based in New Haven

The principal office where Fairfield, Bush & Co. performs its advisory services is located at 265 Church Street, New Haven, CT 06510, which is also the mailing address of the firm. An additional office of the firm is in New Canaan, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 203-777-5900 or by fax 203-777-5911. The normal business hours are 9 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at fairfieldbush.com.