Cohen & Steers Capital Management, Inc. (New York)

Name: Cohen & Steers Capital Management, Inc.
Address: 280 Park Ave, New York, NY, 10017 1216
Telephone: (212) 832-3232

Cohen & Steers Capital Management, Inc. is a large advisory firm based in New York. It manages $53.88 billion of regulatory assets for 153 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Cohen & Steers Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and portfolio consulting svcs, index maintenance svcs. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Cohen & Steers Capital Management: assets under management

The assets under management (AUM) of Cohen & Steers Capital Management, Inc. is $53.88 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1026% since the beginning of its operation, and $14.84 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $53.88 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $352.17 million each.

Investments

The firm invests in exchange traded securities the most. They account for 87% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 8% 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 Cohen & Steers Capital Management, Inc. for their services and products based on a percentage of assets under management and performance-based fees. 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 Joseph Martin Harvey serves?

The firm provides services to insurance companies, investment companies, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Joseph Martin Harvey is investment companies with 30 clients and $30.22 billion of assets under management. Among the 8 most similar advisory firms, Cohen & Steers Capital Management has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $53.54 billion for 147 clients. 29% of the firm’s clients are foreign persons or businesses.

Cohen & Steers Capital Management also advises several private funds. Namely, one real estate fund and one other private fund. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $5,000,000.

Careers at Cohen & Steers Capital Management, Inc.

The company employs 288 people that are either part- or full-time employees. 14 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Joseph Martin Harvey has been acting as President since 1 Aug 2003. Lisa Donoghue Phelan joined the executive team most recently as the Executive Vice President, Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Hamilton Steers	Chairman	1 Jul 1986	25% - 50%	1025045
Martin Cohen	President	1 Jul 1986	25% - 50%	1057172
Michele Cohen Trustee Martin Cohen 1998 Family Trust	Shareholder	1 Mar 1998	Other	13-7138121
Lauren J. Steers Trustee Robert H. Steers Family Trust	Shareholder	1 Mar 1998	Other	13-7143413
Lawrence Bruce Stoller	Senior vice president and general counsel	1 Mar 1999	Other	3076279
Robert Hamilton Steers	Chairman, chief executive officer and director	1 Aug 2003	Other	1025045
Martin Cohen	Executive chairman and director	1 Aug 2003	Other	1057172
Joseph Martin Harvey	President	1 Aug 2003	Other	2531649
Adam M Derechin	Executive vice president, chief operating officer	1 Aug 2003	Other	2531374
Victor M Gomez	Chief financial officer	1 Aug 2003	Other	4700714
Inc. Cohen & Steers	Shareholder	1 Aug 2004	75% - 100%	14-1904657
Lawrence Bruce Stoller	Executive vice president, general counsel and chief compliance officer	1 Dec 2004	Other	3076279
Matthew Scott Stadler	Executive vice president, chief financial officer	1 May 2005	Other	2306260
Lisa Donoghue Phelan	Executive vice president, chief compliance officer	1 Feb 2007	Other	2562069
Francis Casimir Poli	Executive vice president, general counsel and secretary	1 Feb 2007	Other	1628917

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Martin Cohen	Shareholder	1 Aug 2004	25% - 50%	1057172
Robert Hamilton Steers	Shareholder	1 Aug 2004	25% - 50%	1025045

Based in New York

The principal office where Cohen & Steers Capital Management, Inc. performs its advisory services is located at 280 Park Ave, New York, NY 10017 1216, 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) 832-3232 or by fax (212) 832-3622. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at cohenandsteers.com.