Shulman Demeo Asset Management, LLC (Lake Success)


Shulman Demeo Asset Management, LLC is a large advisory firm based in Lake Success. It manages $439.17 million of regulatory assets for 811 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Connecticut, Florida, Louisiana, and 3 other states.

Shulman Demeo Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and ongoing portfolio planning and consulting. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Shulman Demeo Asset Management: assets under management

The assets under management (AUM) of Shulman Demeo Asset Management, LLC is $439.17 million. The firm's AUM has grown by 210% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $388.28 million in discretionary accounts and $50.89 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $496.52 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.75 million.
Shulman Demeo Asset Management has custody of $49.19 million in cash and securities for 62 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 53% of the total AUM. The second-largest asset type is exchange traded securities, which make up 17% of the firm’s portfolio. Investments in cash and cash equivalents form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Shulman Demeo Asset Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Shulman Demeo Asset Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Shulman Demeo Asset Management is high net worth individuals with 146 clients and $382.83 million of assets under management. Among the 12 most similar advisory firms, Shulman Demeo Asset Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $439.17 million for 317 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.

Shulman Demeo Asset Management doesn't advise any private funds.

Careers at Shulman Demeo Asset Management, LLC

The company employs 5 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There are 2 people 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
Jason Harold Shulman Managing member 1 Nov 2006 50% - 75% 1342056
James Nicholas Demeo Chief investment officer / chief compliance officer 1 Nov 2006 50% - 75% 1170034

Based in Lake Success

The principal office where Shulman Demeo Asset Management, LLC performs its advisory services is located at 3000 Marcus Avenue, Lake Success, NY 11042, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 516.708.9955 or by fax 516.708.9951. The normal business hours are 8:30am to 5:30pm on Monday - Friday. You can find more information about the New York firm at shulmandemeo.com.

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