Kimelman & Baird, LLC (New York)

Kimelman & Baird, LLC is a large advisory firm based in New York. It manages $826.03 million of regulatory assets for 426 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Connecticut, Florida, and 5 other states.

Kimelman & Baird provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Kimelman & Baird: assets under management

The assets under management (AUM) of Kimelman & Baird, LLC is $826.03 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 206% since the beginning of its operation, and $18.11 million of the total AUM is attributable to clients outside of the United States.

The firm manages $826.03 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.94 million each.

Investments

The firm invests in exchange traded securities the most. They account for 84% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio. Investments in state and local bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kimelman & Baird, LLC for their services and products based on a percentage of assets under management 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 Kimelman & Baird serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Kimelman & Baird is high net worth individuals with 90 clients and $737.45 million of assets under management. Among the 9 most similar advisory firms, Kimelman & Baird has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $825.34 million for 219 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 5% of the firm’s clients are foreign persons or businesses.

Kimelman & Baird doesn't advise any private funds.

Careers at Kimelman & Baird, LLC

The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael G Kimelman	Member, cfo	1 Apr 1995	25% - 50%	269595
Sheila Maureen Baird	Member and chief compliance officer	1 Apr 1995	25% - 50%	10504
Scott Charles Kimelman	Member	1 Apr 2013	Other	1624106
Sapan Vyas	Member	1 Apr 2013	Other	4576123
Yasmeen Sollee Mock	Member	1 Apr 2013	Other	4846801
Sapan Vyas	Member	1 Jan 2016	Other	4576123
Yasmeen Sollee Mock	Member	1 Jan 2016	Other	4846801

Based in New York

The principal office where Kimelman & Baird, LLC performs its advisory services is located at 800 Third Avenue, New York, NY 10022, 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 212-686-0021 or by fax 212-779-9603. The normal business hours are 9:00 a.m to 5:00 p.m. on Monday - Friday.