Stephen J. Garry & Associates, LLC (Garden City)

Stephen J. Garry & Associates, LLC is a mid-sized advisory firm based in Garden City. It manages $70 million of regulatory assets for 390 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida and New York.

Stephen J. Garry & Associates provides financial planning services and portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Stephen J. Garry & Associates: assets under management

The assets under management (AUM) of Stephen J. Garry & Associates, LLC is $70 million. The company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in exchange traded securities the most. They account for 70% of the total AUM. The second-largest asset type is investment and business development companies, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Stephen J. Garry & Associates, LLC for their services and products based on a percentage of assets under management, hourly charges, 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.

What kind of clients Stephen J. Garry & Associates serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Stephen J. Garry & Associates is individuals with 150 clients and $45 million of assets under management. Among the 4 most similar advisory firms, Stephen J. Garry & Associates has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $70 million for 210 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.

Stephen J. Garry & Associates doesn't advise any private funds.

Careers at Stephen J. Garry & Associates, LLC

The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Stephen Joseph Garry	President & chief compliance officer	1 Apr 2018	75% - 100%	2071478

Based in Garden City

The principal office where Stephen J. Garry & Associates, LLC performs its advisory services is located at 990 Stewart Avenue, Garden City, NY 11530, 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 516-280-5588 or by fax (516) 280-5586. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday.