Estabrook Capital Management LLC (New York)

Name: Estabrook Capital Management LLC
Address: 900 Third Avenue, New York, NY, 10022
Telephone: 212-605-5500

Estabrook Capital Management LLC is a large advisory firm based in New York. It manages $721.52 million of regulatory assets for 987 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Estabrook Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and provides nondiscretionary services, including investment portfolio models to other managers.. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Estabrook Capital Management: assets under management

The assets under management (AUM) of Estabrook Capital Management LLC is $721.52 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -70% since the beginning of its operation, and $6.3 million of the total AUM is attributable to clients outside of the United States.

The firm manages $721.52 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $731.02 thousand each.

Estabrook Capital Management has custody of $5.89 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 80% of the total AUM. The second-largest asset type is government bonds, which make up 12% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Estabrook Capital Management LLC 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 Virginia W. Sheerin serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Virginia W. Sheerin is individuals with 866 clients and $392.79 million of assets under management. Among the 6 most similar advisory firms, Estabrook Capital Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $721.52 million for 987 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.

Estabrook Capital Management doesn't advise any private funds.

Careers at Estabrook Capital Management LLC

The company employs 12 people that are either part- or full-time employees. 42 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.

Virginia W. Sheerin has been acting as President since 1 Jun 2003. Sarah Nora White joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Charles Thomas Foley	President, chief executive officer, manager	1 Jan 1971	Other	210584
Frank Cuauncey Whittelsey	Director	1 Jan 1971	Other	465952
Frank Chauncey Whittelsey	Director	1 Jan 1971	Other	465952
Roy Williamson	Director	1 Feb 1981	Other	2220921
Virginia Carol Wattiker	Director	1 Mar 1981	Other	831468
Virginia Carol Sheerin	Director	1 Mar 1981	Other	831468
William Calvin Petty	Director	1 Nov 1985	Other	2163860
William Chichester Mcclean	Director, manager	1 Feb 1986	Other	2186943
Douglas Scott Reigeluth	Director	1 Sep 1992	Other	1495705
Henry Wilmeroing	Director	1 Jun 1995	Other	2337349
Henry Wilmerding	Director	1 Jun 1995	Other	2337349
George Dickson Baker	Director	1 Jan 1997	Other	2685939
Newton P S Merrill	Chairman of the board of managers	1 Oct 1999	Other	2954228
Kevin J. Bannon	Manager	1 Oct 1999	Other	4355508
Kevin John Bannon	Manager	1 Oct 1999	Other	4355508
The Bank Of New York	Direct owner	1 Nov 1999	75% - 100%	13-5160382
Mark A. Hemenetz	Manager	1 Nov 1999	Other	4355510
Darren Rene Schuringa	Senior investment analyst	1 May 2000	Other	4381128
Joseph Edward Serzan	Vice president-marketing	1 Jan 2001	Other	4361904
Katherine Ann Radigan	Director	1 Nov 2001	Other	4515039
William J Evans	Director	1 Oct 2002	Other	203150
Virginia W. Sheerin	Director	1 Apr 2003	Other	831468
Charles Thomas Foley	Chairman and chief investment officer	1 Jun 2003	25% - 50%	210584
Ii Charles Thomas Foley	Member	1 Jun 2003	Other	4721685
David Patrick Foley	Chief operating officer	1 Jun 2003	25% - 50%	4721686
Virginia W. Sheerin	Director	1 Jun 2003	Other	831468
Steven Pisarkiewicz	Manager	1 Jun 2003	Other	2018431
Douglas Scott Reigeluth	Director of marketing	1 Jun 2003	Other	1495705
Mary Elizabeth Holland	Vice president, portfolio manager	1 Oct 2003	Other	2294660
Ian Mcgonigle	Research analyst	1 Oct 2003	Other	4772529
Scott Robert Snyder	Director of marketing	1 Sep 2004	Other	2193540
Korrine Nicole Sheerin	Chief compliance officer	1 Sep 2004	Other	4877754
Korrine Nicole Sheerin Kohm	Chief compliance officer	1 Sep 2004	Other	4877754
Bridget Best	Assistant portfolio manager	1 Dec 2005	Other	5115039
Brian David Kostka	Research analyst	1 Aug 2006	Other	4408828
Mary Elizabeth Holland	Director, portfolio manager	1 Feb 2007	Other	2294660
Lewis Swift Lee	President & general counsel	1 Apr 2008	Other	1705258
William Calvin Petty	Director	1 Apr 2008	Other	2163860
Henry Wilmerding	Director	1 Apr 2008	Other	2337349
George Dickson Baker	Director	1 Apr 2008	Other	2685939
William Chichester Mcclean	Director	1 Apr 2008	Other	2186943
Scott Robert Snyder	Director of marketing	1 Apr 2008	Other	2193540
Korrine Nicole Sheerin Kohm	Chief compliance officer	1 Apr 2008	Other	4877754
Bridget Best	Portfolio manager	1 Apr 2008	Other	5115039
Virginia Carol Sheerin	Director	1 Apr 2008	Other	831468
E. Bradford Cragin	Director of research	1 Dec 2008	Other	4231784
Daniel Sepil Oh	Director of fixed income	1 Aug 2009	Other	3246962
Salvatore Rocco Faia	Chief compliance officer	1 Jun 2010	Other	4372361
William Dinwiddie Baird	Director, head of client servicing and marketing	1 Jan 2012	Other	2479346
Lelia Marie Long	Chief compliance officer	1 Mar 2014	Other	4482684
Sarah Nora White	Chief compliance officer	1 Mar 2016	Other	6628654

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. The Bank Of New York Company	Indirect owner	1 Oct 1999	75% - 100%	13-2614959
The Bank Of New York Mellon Corporation	Indirect owner	1 Oct 1999	75% - 100%	13-2614959

Based in New York

The principal office where Estabrook Capital Management LLC performs its advisory services is located at 900 Third Avenue, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in Ponte Vedra Beach, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-605-5500 or by fax 212-605-5503. The normal business hours are 9 am - 5 pm on Monday - Friday. You can find more information about the New York firm at estabrookcap.com and its LinkedIn profile.