Gregory J. Schwartz & Co., Inc. (Bloomfield Hills)

Name: Gregory J. Schwartz & Co., Inc.
Address: 3707 W. Maple, Bloomfield Hills, MI, 48301
Telephone: 248-644-2701

Gregory J. Schwartz & Co., Inc. is a large advisory firm based in Bloomfield Hills. It manages $3.57 billion of regulatory assets for 1,345 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Arizona, California, Connecticut, and 9 other states.

Gregory J. Schwartz & Co. provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for approximately 1,500 clients. On top of advisory services, the firm doesn't engage in other business activities.

Gregory J. Schwartz & Co.: assets under management

The assets under management (AUM) of Gregory J. Schwartz & Co., Inc. is $3.57 billion. The firm's AUM has grown by 755% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $173.97 million in discretionary accounts and $3.4 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $7.56 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.57 million.

Investments

The firm invests in investment and business development companies the most. They account for 98% of the total AUM. The second-largest asset type is exchange traded securities, which make up 1% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Gregory J. Schwartz & Co., Inc. for their services and products based on a percentage of assets under management, fixed fees, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Edward Augustine Schwartz serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Edward Augustine Schwartz is pension and profit sharing plans with 138 clients and $2.95 billion of assets under management. Among the 9 most similar advisory firms, Gregory J. Schwartz & Co. has the 2nd highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $3.57 billion for 1,345 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.

Gregory J. Schwartz & Co. doesn't advise any private funds.

Careers at Gregory J. Schwartz & Co., Inc.

The company employs 21 people that are either part- or full-time employees. 81 percent of the employees work as investment advisers or researchers. 17 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.

Edward Augustine Schwartz has been acting as President since 1 Aug 2001. Laura Lea Powers joined the executive team most recently as the Cfo, Cco, Finop.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gregory John Schwartz	Chairman of the board/chief compliance officer	1 Aug 1976	Other	416277
Joseph Emmet Schwartz	Treasurer/secretary	1 Mar 1992	Other	2168945
Gregory John Jr Schwartz	Vice-president	1 May 2000	Other	1177836
Edward Augustine Schwartz	President/ceo/coo	1 Aug 2001	Other	2166324
Walter George Schwartz	Vice-president	1 Aug 2001	Other	1282286
Peter Francis Schwartz	Vice-president	1 Aug 2001	Other	2168931
Llc Schwartz Holdings	Shareholder	1 Jan 2010	75% - 100%	27-0293651
Laura Lea Powers	Cfo, cco, finop	1 Apr 2017	Other	4413799

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Edward Augustine Schwartz	Managing member	1 Jun 2009	Other	2166324
Gregory John Jr Schwartz	Member	1 Jun 2009	Other	1177836
Joseph Emmet Schwartz	Member	1 Jun 2009	Other	2168945
Peter Francis Schwartz	Member	1 Jun 2009	Other	2168931
Walter George Schwartz	Member	1 Jun 2009	Other	1282286

Based in Bloomfield Hills

The principal office where Gregory J. Schwartz & Co., Inc. performs its advisory services is located at 3707 W. Maple, Bloomfield Hills, MI 48301, 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 248-644-2701 or by fax 248-644-6837. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at gjsco.com and its LinkedIn profile.