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Ingalls & Snyder Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Financial advisor firm Ingalls & Snyder has billions of dollars in assets under management (AUM). Based in New York, the firm currently has a large group of financial advisors serving nearly 4,000 individual and institutional clients.

As a fee-based firm, Ingalls and Synder can receive securities-based commissions beyond client-paid fees. Fee-only firms, on the other hand, receive all of their compensation from client-paid fees.

Ingalls & Snyder Background  

Ingalls & Snyder was established in 1924, but it wasn't until 1968 that the firm became a registered investment advisor (RIA). Founded by Roscoe C. Ingalls and John T. Snyder, the firm functions as both an RIA and a broker-dealer. The firm is employee-owned by senior professionals.

Ingalls & Snyder Client Types and Minimum Account Sizes 

Ingall & Snyder serves non-high-net-worth and high-net-worth individuals, financial institutions, pension and profit-sharing plans, trusts and estates, charitable organizations, corporations and private investment partnerships. 

The firm generally requires $100,000 as a minimum account size requirement. 

Services Offered by Ingalls & Snyder

Snyder offers clients the following advisory services:

  • Portfolio management
  • Financial planning
  • Selection of other advisors
  • Educational seminars

Ingalls & Snyder Investment Philosophy

Ingalls says its fees are aligned with the interests of its clients. The firm’s main investment strategies utilize long- and short-term purchases, trading, short sales, margin transactions and option writing. 

Ingalls & Snyder also evaluates securities using fundamental, technical and cyclical analysis. The firm invests in equities, warrants, corporate debt securities, corporate preferred securities, commercial paper, municipal securities, bank certificates of deposit (CDs), mutual funds, exchange-traded funds (ETFs) and a number of other investment products. 

Fees Under Ingalls & Snyder

Ingalls & Snyder charges a maximum fee of 1.50% for accounts with a portfolio made up of equities and equities and fixed-income securities. For advisory accounts solely comprised of fixed-income portfolios, Ingalls & Snyder charges up to 1.00% of AUM. The firm charges a maximum of 1.00% for asset allocation and third-party manager selection. 

Advisors provide service to limited partnerships (LP), for which they receive a maximum of 1.50%. The firm charges performance-based fees for certain accounts.

What to Watch Out For

Ingalls & Snyder has three disclosures listed on its SEC-filed Form ADV. Each of these is attributed to the firm directly, with the two most recent being settled in 2015. One stemmed from allegations the firm mismarked options orders made by certain managing directors. This resulted in a $22,500 fine and censure. Another stemmed from allegations the firm failed to properly report various positions. This resulted in a $175,000 fine and censure.

The firm receives additional fees from mutual fund companies and/or money market funds, including 12b-1 fees. This can create a conflict of interest, as it may incentivize advisors to recommend such products even if they don’t align with client needs. The firm says its fiduciary duty prevents conflicts of interest, but clients and prospective clients should keep this in mind.

Opening an Account With Ingalls & Snyder

The easiest way to learn more about becoming a client of Ingalls & Snyder is to call (212) 269-7800.

All information is accurate as of the writing of this article.

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How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research