Balis Lewittes & Coleman, Inc. (New York)

Balis Lewittes & Coleman, Inc. is a large advisory firm based in New York. It manages $293.61 million of regulatory assets for 627 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Colorado, Connecticut, and 25 other states.

Balis Lewittes & Coleman provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and market timing services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Balis Lewittes & Coleman: assets under management

The assets under management (AUM) of Balis Lewittes & Coleman, Inc. is $293.61 million. The firm's AUM has gone down by -54% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $118.78 million in discretionary accounts and $174.83 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 $337.51 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Balis Lewittes & Coleman, Inc. for their services and products based on a percentage of assets under management, commissions, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Balis Lewittes & Coleman, Inc.

Charles Edward Balis has been acting as President since 1 May 1993. David Joseph Lewittes joined the executive team most recently as the President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Charles Edward Balis	President	1 May 1993	25% - 50%	11281
David Joseph Lewittes	Vice president	1 May 1993	25% - 50%	1241064
Mathew David Sr Coleman	Vice president	1 May 1993	25% - 50%	50785
Victor Levinson	Vice president	1 Jan 1999	Other	863720
Charles Edward Balis	Chairman	1 Sep 2002	25% - 50%	11281
David Joseph Lewittes	President	1 Sep 2002	25% - 50%	1241064

Based in New York

The principal office where Balis Lewittes & Coleman, Inc. performs its advisory services is located at 909 Third Ave, New York, NY 10022, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.