SHIKIAR ASSET MANAGEMENT INC

RIASEC RegisteredEst. 1993
Total AUM
$564M
Discretionary
$557M
99% of AUM
Avg account
$2.4M
Accounts
238
Employees
6
Advisory reps
4

Firm details

Headquarters
New York, New York
CRD number
107533
Registered since
June 3, 1993
Custodians
PERSHING LLC
Fee structure
Percentage of AUM
Client types
  • HNWI91.49%
  • Corporations / Businesses8.51%
Services
Financial PlanningPortfolio Management for Individuals

Firm profile

FINTRX

Overview

Shikiar Asset Management Inc is an independent, fee-based registered investment adviser that focuses on portfolio management and financial planning for individuals, families and small businesses, with some institutional relationships. The firm has operated as an SEC-registered adviser since 1993 and is owner-operated. Its stated advisory activities center on discretionary portfolio management and comprehensive financial planning delivered under a percentage-of-assets fee model. Investment activity is concentrated in publicly traded equities. Filings show a clear preference for exchange-traded holdings and separately managed account structures, driving a bottoms-up, stock-selection approach rather than a passive-only allocation. The firm is not flagged as an active ESG investor and is not registered as a multi-state adviser.

Assets & Accounts

Public Holdings

Investments & Alternatives

Location & Offices

Investment profile

FINTRX

Traditional investments used

Alternative investments used

Active ESG investor

Technology & operations

FINTRX

CRM & tech providers

TAMPs used

Clients

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Client base

Client personas

Asset composition

Asset composition: Exchange Traded Equities 66%, Cash & Cash Equivalents 14%, Public Funds/Mutual Funds 10%, US Government Bonds 5%, State & Local Bonds 4%, Investment Grade Corp Bonds 1%66%
  • Exchange Traded Equities66%
  • Cash & Cash Equivalents14%
  • Public Funds/Mutual Funds10%
  • US Government Bonds5%
  • State & Local Bonds4%

Owners & executives

3 of 4
  • DIANE MCDERMOTT

    Partner & Chief Compliance OfficerCRD 1413015

  • SAMUEL SHIKIAR

    Co-CEOCRD 4975634

  • STUART SHIKIAR

    Co-Chief Executive Officer, Chief Investment OfficerCRD 422111

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Wealth teams

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Newly hired reps

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Recent M&A activity

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Recent filings

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Awards

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ETF holdings

1 of 6

Active vs passive

$23.9M in ETFs

Passive

100%

$23.9M

Active

0%

$0

ETFProviderStyleCategoryValueShares% of portfolio
ALERIAN MLP ETF (AMLP)PassiveEnergy Limited Partnership$9.4M178,54539.40%

Location

Primary office

New York, NY

NEW YORK

Location

New York, NY

Headquartered in New York, NY, anchoring the New York-Newark, NY-NJ-CT-PA metro in the Northeast.

Metro area
New York-Newark, NY-NJ-CT-PA
Region
Northeast
County
NEW YORK
Address
1350 Avenue of the Americas
Time zone
ET (UTC-5)
Office locations

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Source: FINTRX private wealth data intelligence

Intelligence for Private Wealth