Snow, Michael (Watermill)

Snow, Michael is a large advisory firm based in Watermill. It manages $126.6 million of regulatory assets for 62 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of California, New Jersey, and New York.

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

Snow, Michael: assets under management

The assets under management (AUM) of Snow, Michael is $126.6 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 397% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $126.6 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.04 million each.

Snow, Michael has custody of $74.5 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Snow, Michael for their services and products based on a percentage of assets under management and performance-based 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.

Careers at Snow, Michael

Snow, Michael is owned by Michael Snow. Mark Snow joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Snow	Owner	1 Mar 2004	75% - 100%	2196395
Gay Snow	Compliance	1 Apr 2004	Other	4788726
Gay Snow	Chief compliance officer	1 Sep 2005	50% - 75%	4788726
Michael Snow	Manager	1 Sep 2005	50% - 75%	2196395
Mark Snow	Chief compliance officer	1 Mar 2013	Other	4397150

Based in Watermill

The principal office where Snow, Michael performs its advisory services is located at 423 Jobs Lane, Watermill, NY 11976, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.