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Secor Investment Management Review

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Secor Investment Management

Secor Investment Management is a fee-only institutional investment management firm based in New York City. The firm only manages money for institutional clients and does not work with individuals. If you are looking for an advisor to manage assets for an individual, consider using SmartAsset’s free financial advisor matching service.

Secor has more than $983 million in assets under management. 

Secor Investment Management Background

Secor was founded in 2011. It is a wholly owned subsidiary of a parent company, Secor Asset Management, LP. That firm is majority owned by Raymond Iwanoski and Duen-Li “Tony” Kao.

What Types of Clients Does Secor Investment Management Accept?

Again, only institutional clients are accepted at Secor. The firm does not manage assets for individuals, but SmartAsset can help you find an advisor who does with our free financial advisor matching service.

The firm’s clients are all either pooled investment vehicles or pension and profit sharing plans.

Secor Investment Management Minimum Account Sizes

There is no minimum account size for institutional clients at Secor.

Services Offered by Secor Investment Management

The following services are offered at Secor:

  • Asset management
  • Tail risk hedging solutions
  • Liability management solutions
  • Beta currency management solutions
  • Wrap-fee programs

Investment Philosophy

Advisors at Secor use market data, economic data, proprietary models and analytic systems to make investment decisions for their clients. Tail risk hedging, liability management and beta currency management are all available. 

Around 65% of assets are held as cash or cash equivalents. A further 24% are held in derivatives and around 11% are in sovereign bonds.

Fees Under Secor Investment Management

Fees are generally charged as a percentage of assets under management, but the firm does not provide a fee schedule. The firm does not charge commissions for the purchase of insurance or financial products.

What to Watch Out For

As noted above, Secor does not provide investment advice to individuals and as such is not an option for individual investors.

Disclosures

Secor has no disclosures on its record in the past 10 years.

Where Is Secor Investment Management Located?

The firm’s office is at One Penn Plaza, Suite 4625 New York, New York 10119

Opening an Account With Secor Investment Management

Individuals cannot open an account with Secor. To inquire about institutional investment management contact Kam Chang at kam@secor-am.com or 212-980-7365.

Tips for Investment

  • Secor doesn’t manage money for individuals but plenty of firms do. Finding the right financial advisor that fits your needs doesn’t have to be hard, though. SmartAsset’s free tool matches you with financial advisors in your area in 5 minutes. If you’re ready to be matched with local advisors that will help you achieve your financial goals, get started now.
  • Knowing how your assets should be distributed is key to investment success. Get a sense with SmartAsset’s free asset allocation calculator.

How Many Years $1 Million 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.

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

Methodology To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

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%. This reflects the typical return on a conservative investment portfolio. 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