Pension Parameters Financial Services, Inc. (New York)


Pension Parameters Financial Services, Inc. is a mid-sized advisory firm based in New York. It manages $62.56 million of regulatory assets for 43 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of New Jersey and New York.

Pension Parameters Financial Services provides portfolio management for individuals and small businesses and pension consulting 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.

Pension Parameters Financial Services: assets under management

The assets under management (AUM) of Pension Parameters Financial Services, Inc. is $62.56 million. The company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in investment and business development companies the most. They account for 50% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 31% of the firm’s portfolio. Investments in government bonds form 9% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Pension Parameters Financial Services, Inc. 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 Kevin Francis Mccormack serves?

The firm provides services to individuals and pension and profit sharing plans. The largest group of clients of Kevin Francis Mccormack is pension and profit sharing plans with 35 clients and $57.19 million of assets under management. Among the 2 most similar advisory firms, Pension Parameters Financial Services has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $62.56 million for 43 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.

Pension Parameters Financial Services doesn't advise any private funds.

Careers at Pension Parameters Financial Services, Inc.

The company employs 6 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. 2 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.

Kevin Francis Mccormack has been acting as President since 1 Sep 2006. Marjorie Mantas has served as the Chief Investment Officer since 1 Jan 2006. Pauline Dana Bashian joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Phillip Danabashian Investment committee pres., shareholder 1 Oct 1991 50% - 75% 2739268
Barbara Haas Shareholder 1 Oct 1991 50% - 75% 4390903
Kevin Mccormack V.p. pension parameters, inc. 1 Apr 1998 Other 4390909
Amelia M Soto Vice president 1 Feb 2003 Other 2512901
Pauline Dana Bashian Chief compliance officer 1 Jan 2004 Other 4773156
Marjorie Mantas Chief investment officer 1 Jan 2006 Other 5151891
Kevin Francis Mccormack President 1 Sep 2006 75% - 100% 4390909

Based in New York

The principal office where Pension Parameters Financial Services, Inc. performs its advisory services is located at 1441 Broadway, New York, NY 10018, 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 212-675-9360 or by fax 732-583-6991. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at pensionparameters.com.