C & C Financial Services, Inc. (Great Neck)

C & C Financial Services, Inc. is a mid-sized advisory firm based in Great Neck. It manages $45.32 million of regulatory assets for 48 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdiction of New York.

C & C Financial Services provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

C & C Financial Services: assets under management

The assets under management (AUM) of C & C Financial Services, Inc. is $45.32 million. The firm's AUM has gone down by -19% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $40.3 million in discretionary accounts and $5.02 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $857.43 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $5.02 million.

C & C Financial Services has custody of $748 thousand in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 88% 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 non-investment grade corporate bonds form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay C & C Financial Services, Inc. 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 Richard J. Birnbach serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Richard J. Birnbach is individuals with 34 clients and $16.5 million of assets under management. Among the 2 most similar advisory firms, C & C Financial Services has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $25.17 million for 41 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.

C & C Financial Services doesn't advise any private funds.

Careers at C & C Financial Services, Inc.

The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No 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.

Richard J. Birnbach has been acting as President since 1 May 2003. Richard J Birnbach joined the executive team most recently as the President / Cco.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard J. Birnbach	President	1 May 2003	50% - 75%	4488213

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Richard J Birnbach	President / cco	1 May 2003	50% - 75%	xxx-xx-xxxx
Joseph Milazzo	Secretary/treasurer	1 May 2003	50% - 75%	xxx-xx-xxxx

Based in Great Neck

The principal office where C & C Financial Services, Inc. performs its advisory services is located at 175 Great Neck Rd, Great Neck, NY 11021, 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 516-482-3260 or by fax 516-482-4067. The normal business hours are 9am-5pm on Monday - Friday.