Gilman Hill Asset Management, LLC (New Canaan)

Name: Gilman Hill Asset Management, LLC
Address: 199 Elm Street, New Canaan, CT, 06840 5321
Telephone: 203-222-2278

Gilman Hill Asset Management, LLC is a large advisory firm based in New Canaan. It manages $312.31 million of regulatory assets for 391 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of California, Connecticut, Florida, and 9 other states.

Gilman Hill Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and provision of model portfolios to third parties. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Gilman Hill Asset Management: assets under management

The assets under management (AUM) of Gilman Hill Asset Management, LLC is $312.31 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 365% since the beginning of its operation, and $3.68 million of the total AUM is attributable to clients outside of the United States.

The firm manages $312.31 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $798.74 thousand each.

Gilman Hill Asset Management has custody of $26.05 million in cash and securities for 23 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 76% of the total AUM. The second-largest asset type is investment and business development companies, which make up 9% of the firm’s portfolio. Investments in investment grade corporate bonds form 7% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Gilman Hill Asset Management, LLC 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 Gilman Hill Asset Management serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Gilman Hill Asset Management is high net worth individuals with 149 clients and $249.17 million of assets under management. Among the 7 most similar advisory firms, Gilman Hill Asset Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $270.4 million for 185 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Gilman Hill Asset Management doesn't advise any private funds.

Careers at Gilman Hill Asset Management, LLC

The company employs 7 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 4 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 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.

Gregory John Stanek joined the executive team most recently as the Portfolio Manager.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Whitney Merrill	Member	1 Apr 2007	Other	1177111
Jonathan Oherron	Member	1 Apr 2007	25% - 50%	1230702
Steven Joseph Knapp	Member	1 Apr 2007	25% - 50%	734366
Jenny Christine Vanleeuwen	Member	1 Apr 2007	Other	2890383
Marisa Maher	Chief compliance officer	1 Apr 2007	Other	2335142
Jenny Christine Vanleeuwen Harrington	Member/chief compliance officer	1 Apr 2007	Other	2890383
Jenny Vanleeuwen Harrington	Member/chief compliance officer	1 Apr 2007	75% - 100%	2890383
Marisa Maher	Principal	1 Sep 2007	Other	2335142
Jenny Vanleeuwen Harrington	Chief executive officer	1 Oct 2009	75% - 100%	2890383
John B Harrington	Chief operating officer/chief compliance officer	1 Oct 2009	Other	5759128
John Brennan Harrington	Chief operating officer/chief compliance officer	1 Oct 2009	Other	5759128
Whitney Merrill	Senior portfolio manager	1 Feb 2010	Other	1177111
Gregory John Stanek	Portfolio manager	1 Jan 2016	Other	2847034

Based in New Canaan

The principal office where Gilman Hill Asset Management, LLC performs its advisory services is located at 199 Elm Street, New Canaan, CT 06840 5321, 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 203-222-2278 or by fax 203-764-2005. The normal business hours are 9:00 am-5:00 pm on Monday - Friday. You can find more information about the New York firm at gilmanhill.com.