Fimco, LLC (Morristown)

Name: Fimco, LLC
Address: 22 Maple Avenue, Morristown, NJ, 07960
Telephone: 973-292-9595

Fimco, LLC is a large advisory firm based in Morristown. It manages $237.7 million of regulatory assets for 9 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdiction of New Jersey.

Fim provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Fim: assets under management

The assets under management (AUM) of Fimco, LLC is $237.7 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 238% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $237.7 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $26.41 million each.

Fim has custody of $237.7 million in cash and securities for 9 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fimco, LLC 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.

What kind of clients Fim serves?

The only and largest group of clients of Fim is pooled investment vehicles with 9 clients and $237.7 million of assets under management. Among the 11 most similar advisory firms, Fim has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $237.7 million for 9 clients. None of the firm’s clients are foreign persons or businesses.

Fim also advises several private funds. Namely, seven real estate funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $250,000.

Careers at Fimco, LLC

The company employs 62 people that are either part- or full-time employees. 40 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Jdj Investment Associates	Sole member	1 Dec 2004	75% - 100%	22-2548843
James E. Hanson	Member/ ceo	1 Dec 2004	25% - 50%	5995063
Robert F. Campo	Chief compliance officer/ cfo	1 Dec 2004	Other	5995065
Mark S. Rosen	Evp	1 Dec 2004	Other	5995066
Sharon Marie Vuskalns	Chief compliance officer	1 Jan 2016	Other	6601832
Deborah Paige Hanson	Manager	1 Dec 2017	Other	1508884
Jeffrey B Hanson	Manager	1 Dec 2017	Other	5995475
Mark S. Rosen	Manager and cco	1 Dec 2017	Other	5995066
John Daniel Durso	Manager	1 Dec 2017	Other	7183993
Kristin Hanson Lynn	Manager	1 Dec 2017	Other	7183995

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Deborah Paige Hansonimperatore	Member	1 Dec 2004	25% - 50%	1508884
Jeffrey B Hanson	Member	1 Dec 2004	25% - 50%	5995475
Deborah Paige Hanson	Member	1 Dec 2004	25% - 50%	1508884

Based in Morristown

The principal office where Fimco, LLC performs its advisory services is located at 22 Maple Avenue, Morristown, NJ 07960, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 973-292-9595 or by fax 973-267-9933. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at hampshireco.com.