Trust & Fiduciary Income Partners LLC (Hackensack)

Name: Trust & Fiduciary Income Partners LLC
Address: 411 Hackensack Avenue, Hackensack, NJ, 07601
Telephone: 201-708-8150

Trust & Fiduciary Income Partners LLC is a mid-sized advisory firm based in Hackensack. It manages $70.49 million of regulatory assets for 13 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Massachusetts and New Jersey.

Trust & Fiduciary Income Partners provides portfolio management for individuals and small businesses and portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Trust & Fiduciary Income Partners: assets under management

The assets under management (AUM) of Trust & Fiduciary Income Partners LLC is $70.49 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -20% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $70.49 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $5.42 million each.

Investments

The firm invests in exchange traded securities the most. They account for 97% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Trust & Fiduciary Income Partners LLC for their services and products based on a percentage of assets under management. 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 Trust & Fiduciary Income Partners serves?

The firm provides services to investment companies and high net worth individuals. The largest group of clients of Trust & Fiduciary Income Partners is investment companies with 1 clients and $67.85 million of assets under management. Among the 1 most similar advisory firms, Trust & Fiduciary Income Partners has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $70.49 million for 13 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.

Trust & Fiduciary Income Partners doesn't advise any private funds.

Careers at Trust & Fiduciary Income Partners LLC

The company employs 17 people that are either part- or full-time employees. 65 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Arthur Robert Degaetano has served as the Chief Investment Officer since 1 Mar 2016 and Stephen Christopher Selver is the Chief Executive Officer of Trust & Fiduciary Income Partners LLC family office. William Victor Nieporte joined the executive team most recently as the Chief Operating Officer & Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William Victor Nieporte	Chief operating officer & chief compliance officer	1 Mar 2016	Other	2215724
Arthur Robert Degaetano	Chief investment officer	1 Mar 2016	Other	2263505
Stephen Christopher Selver	Chief executive officer	1 Mar 2016	Other	2067345
Llc Bramshill Investments	Managing member	1 Mar 2016	75% - 100%	162492
Inc. Trust And Fiduciary Management Services	Member	1 Mar 2016	25% - 50%	110240

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
James Louis Copell	Managing member	1 Jun 2005	Other	2469636
Copell Financial Llc	Owner	1 Jan 2008	75% - 100%	20-3060730
Steven Cull Carhart	Member	1 May 2011	25% - 50%	1942340
Llc Ironmen Holdings	Managing member	1 Feb 2012	75% - 100%	45-5321550
Arthur Robert Degaetano	Member	1 May 2012	25% - 50%	2263505
Stephen Christopher Selver	Member	1 Aug 2014	25% - 50%	2067345
Hiho Investments Llc	Member	1 Sep 2014	25% - 50%	47-1123737

Based in Hackensack

The principal office where Trust & Fiduciary Income Partners LLC performs its advisory services is located at 411 Hackensack Avenue, Hackensack, NJ 07601, which is also the mailing address of the firm. An additional office of the firm is in Manchester, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 201-708-8150. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at bramshillinvestments.com.