Sontag Advisory LLC is a large advisory firm based in New York. It manages $4.99 billion of regulatory assets for 5,813 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 21 other states.
Sontag Advisory provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, and registrant provides advisory services to the general partner of the sontag special opportunities fund lp. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Sontag Advisory LLC is $4.99 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 79% since the beginning of its operation, and $9.45 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Sontag Advisory LLC for their services and products based on a percentage of assets under management and fixed fees. 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.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Brett Ronald Schneider is high net worth individuals with 676 clients and $4.6 billion of assets under management. Among the 6 most similar advisory firms, Sontag Advisory has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $4.99 billion for 1,197 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.
Sontag Advisory also advises several private funds. Namely, one hedge fund.
The company employs 43 people that are either part- or full-time employees. 49 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives 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.
Brett Ronald Schneider has been acting as President since 1 Jan 2009. Hoyt Ronald Stastney joined the executive team most recently as the Chief Compliance Officer & General Counsel.
The principal office where Sontag Advisory LLC performs its advisory services is located at 521 Fifth Avenue, New York, NY 10175, which is also the mailing address of the firm. An additional office of the firm is in Boca Raton, FL. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (212) 973-1200 or by fax (212) 973-1210. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at sontagadvisory.com and its LinkedIn profile.