Advisors Capital Management, LLC (Ridgewood)


Advisors Capital Management, LLC is a large advisory firm based in Ridgewood. It manages $2.13 billion of regulatory assets for 5,126 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Advisors Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and educational seminars and workshops. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Advisors Capital Management: assets under management

The assets under management (AUM) of Advisors Capital Management, LLC is $2.13 billion. The firm's AUM has grown by 1633% since the beginning of its operation, and $2 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.07 billion in discretionary accounts and $62.94 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $420.47 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $307.01 thousand.
Advisors Capital Management has custody of $8.59 million in cash and securities for 30 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 66% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 14% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Advisors Capital Management, LLC for their services and products based on a percentage of assets under management and hourly charges. 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 Advisors Capital Management serves?

The firm provides services to individuals, charitable organizations, other investment advisers, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Advisors Capital Management is individuals with 3,237 clients and $989.21 million of assets under management. Among the 11 most similar advisory firms, Advisors Capital Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $2.04 billion for 5,125 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Advisors Capital Management doesn't advise any private funds.

Careers at Advisors Capital Management, LLC

The company employs 28 people that are either part- or full-time employees. 68 percent of the employees work as investment advisers or researchers. 19 employees are registered as investment adviser representatives with the state securities authorities.

There are 45 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.

Advisors Capital Management, LLC is owned by Jeremy Alan Lieberman. James Michael Cullen joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Llc. C. Lieberman Investor 1 Jun 2002 Other 22-3550534
Michael S. Lieberman Trust Investor 1 Jun 2002 Other 13-6785767
David Lieberman Trust Investor 1 Jun 2002 Other 13-6785768
Jeremy Lieberman Trust Investor 1 Jun 2002 Other 22-6392880
Charles Lieberman Managing member, chief investment officer 1 Dec 2002 Other 1050272
Kevin Girard Kern Managing member, chief compliance officer 1 Dec 2002 Other 1364994
Kevin Gerard Kern Managing member, chief compliance officer 1 Dec 2002 25% - 50% 1364994
Llc. C. Lieberman Investor 1 Dec 2002 25% - 50% 22-3550534
Michael Steven Lieberman Managing member 1 Dec 2004 Other 4660467
David Jonathan Lieberman Managing member 1 Jun 2005 Other 2915782
Jeremy Alan Lieberman Owner 1 Dec 2006 Other 5274922
Acm Holding Trust Owner 1 Jan 2013 50% - 75% 37-6536959
Jeremy Alan Lieberman Managing member 1 Sep 2015 Other 5274922
James Michael Cullen Chief compliance officer 1 Jun 2017 Other 5111669

Indirect Owners

The SEC currently registers 5 indirect owners.

Name Entity Date acquired Ownership Employer ID
Dated 8/7/1980 Martin Smithlne And Anne Lieberman As Trustees Trust Fbo David Jonathan Lieberman Passive investor 1 Jun 2002 25% - 50% 13-6785768
Dated 8/7/1980 Martin Smithlne And Anne Lieberman As Trustees Trust Fbo David Jonathan Lieberman Passive investor 1 Dec 2002 25% - 50% 13-6785768
Dated 4/2/1985 Martin Smithlne And Anne Lieberman As Trustees Trust Fbo Jeremy Alan Lieberman Passive investor 1 Dec 2002 25% - 50% 22-6394852
Dated 8/7/1980 Martin Smithlne And Anne Lieberman As Trustees Trust Fbo Michael Steven Lieberman Passive owner 1 Dec 2002 25% - 50% 13-6785767
Charles Lieberman Trustor 1 Jan 2013 75% - 100% 1050272

Based in Ridgewood

The principal office where Advisors Capital Management, LLC performs its advisory services is located at 10 Wilsey Square, Ridgewood, NJ 07450, which is also the mailing address of the firm. An additional office of the firm is in Pittsford, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 201-447-3400 or by fax 201-857-4099. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at incomewithgrowth.com and its LinkedIn profile.

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