Charles Pratt & Company, L.L.C.
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$670,624,385
This total excludes 7 entity clients. Entities are clients such as corporations, partnerships, or trusts.
Clients
308
5% high-net worth
Advisors
1
of 9 employees
Firm type
Team
4-10 advisors or $500M+ in AUM
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
308
Very HighAverage account size
$2,177,352
About
Charles Pratt & Company provides wealth management, custody, tax and accounting, and financial planning services primarily for multigenerational Pratt family members and a limited number of outside clients, including individuals (both non‑HNW and high‑net‑worth), trusts, pooled investment vehicles, and charitable organizations. The firm offers custody and individual portfolio management, as well as manager selection and monitoring services, and prepares tax returns and accounting work for individuals, trusts, estates, partnerships, corporations, and tax‑exempt entities.
The firm emphasizes long‑term, asset‑allocation driven portfolios and frequently uses third‑party registered investment advisers for discretionary management, while monitoring managers’ holdings and performance and assisting clients in manager transitions when needed. CP & Co. also retains discretionary authority over client cash balances, investing them in money market mutual funds on an ongoing basis pending other investments.
Notable for a firm of its size, Charles Pratt & Company is affiliated with a trust company it wholly owns (Dosoris Trust Company), sponsors common trust funds and serves as general partner to an open‑ended partnership that invests primarily in non‑U.S. securities, reflecting its role as a private fund adviser and provider of pooled vehicles. The firm manages roughly $916 million with a small advisory staff and a high client load per advisor, and it disclosed a 2022 SEC settlement relating to custody‑rule compliance and the timeliness/verification of fund financials, including a consented monetary penalty and remedial commitments.
Client services
Financial planning
Portfolio management
Selection of other advisers
Expertise
Wealth management
General estate planning guidance
Tax-loss harvesting
Cash flow / budgeting
Fee options
$0 - $2,000,000: 0.50% on the first $2 million $2,000,001 - $10,000,000: 0.25% on the next $8 million $10,000,001 - $20,000,000: 0.15% on the next $10 million $20,000,001+: 0.10% above $20 million
Tax preparation and accounting fees based on time spent (hourly)
Account minimum: $2,000,000 for all clients except descendants of Charles Pratt, who have no minimum Minimum fee: Minimum charge of $50.00 per annum for custody fees Fee-only: Custody fees based on tiered percentage of assets; no commissions charged by Charles Pratt & Company, LLC; tax preparation and accounting fees charged based on time spent; financial planning provided at no additional fee
Main office location
Charles Pratt & Company, L.L.C.
767 Third Avenue
New York NY 10017-9026, United States
Number of offices
1
Most active in
Charles Pratt & Company, L.L.C. has reported serving >5 clients in these states in the last 12 months.
California · Connecticut · Maryland · Massachusetts · New Hampshire · New York · Vermont · Washington
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is active or affiliated with:
Trust company
They provide trust and estate administration services, typically for separate fees.
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
Is not active or affiliated with:
-
Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
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