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Beck, Mack and Oliver, LLC

360 Madison Avenue
New York, New York 10017
United States
 
Contact :      Jill Banaszak
Phone :       212-661-2640
Fax :             212-953-2511
Email :         r.hausler@beckmack.com
Web :           http://www.beckmack.com/

Beck, Mack and Oliver, LLC Information

Type of organization : Limited Liability Company
Total Assets Managed ($Mil) : $3,600
Tax-Exempt Managed ($Mil) : $0
Taxable Assets Managed ($Mil) :
Year Founded : 1931
Wrap Programs Offered? : Yes
# of Accounts Managed : 1530
In-House Research : 70 %
Carries liability insurance? : Yes
Errors & Omission Insurance? : Yes
Socially Responsible? : No
Minority Owned? : No
Wrap Program Description  
In $ Thousands

Beck, Mack and Oliver, LLC History

Beck, Mack & Oliver LLC (“BMO”) is a private investment company that was founded in February 1931 by T. Edmund Beck and Lewis Mack. Later that same year, R. Grant Oliver joined the partnership. The firm today includes approximately 30 professionals, and is owned and controlled by its eight partners. Since its inception, the firm has remained wholly-owned by its employees. BMO manages approximately $3.1 billion in assets on behalf of individuals, trusts, tax-exempt institutions and corporations for over 500 client relationships. Since its inception, BMO’s central objective has been to build long-only, equity portfolios that maximize long-term, total returns while assuming low levels of risk. The portfolio is built using a fundamental research process that relies on three tenets: 1) purchase securities at a discount to intrinsic value (as defined by the current and future cash flow generating potential of the enterprise and/or asset values), 2) purchase securities that have a margin of safety (low probability of permanent impairment of capital) and 3) invest in companies run by high quality management teams that have a proven track record of intelligent capital allocation. The initial investment time horizon is 24-36 months, however, securities are often held for longer periods of time and portfolio turnover is typically 10-20% annually. The low turnover is driven by two fundamental beliefs: 1) great companies with sustainable competitive advantages and exceptional management teams are by definition difficult to find and 2) the equity markets are semi-efficient and equities are fairly valued 90% of the time; BMO is active during periods of undervaluation and overvaluation. BMO believes that exceptional investment results are driven not only by having a set of time tested investment parameters and the requisite quantitative skill set, but also by having the discipline to adhere to those parameters through cycles. As such, BMO places a significant amount of importance on preserving its time tested approach.

Assets by Client Category Professional Categories
Assets   # of Clients Amount ($Mil)  
Individuals/Trusts :
 
Limited Partnership :
 
Foundations :
ERISA :
Unions, Taft-Hartley :
Public :
Others :
Total # of Professional : 30 Analysts : 0
Portfolio Managers : 3 Traders : 0
Client Service : 0 Operation : 0

Beck, Mack and Oliver, LLC Personnel

Mr.  Robert T. Hausler

Client Contact
Tel : 212.661.2640
Email: r.hausler@beckmack.com

Mr.  Jill  Banaszak

Data Preparer
Tel : 866-922-8733
Email: bmo@asapas.com

Mr.  Peter A. Vlachos

Portfolio Manager
Tel : 212.661.2640
Email: p.vlachos@beckmack.com
Managing Director. Mr. Vlachos joined the firm in 2009. He previously was the founding principal of Austin Investment Management which he started in 1989. While at Austin. Mr. Vlachos served as Co-Manager of the Austin Global Equity Fund from its inception in 1993 and Portfolio Manager for Austin's private and institutional advisory business. Prior thereto, Mr. Vlachos worked at Neuberger & Berman and Dreyfus. Mr. Vlachos was born in 1931 and earned a B.A. in History, Government and Economics from Colby College in 1958.

Mr.  Robert C. Beck, CIC, CFA

Portfolio Manager
Tel : 212.661.2640
Email: r.beck@beckmack.com
Senior Member of Beck, Mack & Oliver LLC. Mr. Beck has been Senior Member of Beck, Mack & Oliver LLC since 1998. He joined the firm in 1986 and became a partner in 1988. Mr. Beck worked at Standish, Ayer & Wood from 1982 to 1985 and at IBM from 1977 to 1980. He was born in 1955 and received a B.A.degree from Wesleyan University in 1977 and an M.B.A. from the Amos Tuck School (Dartmouth College) in 1982.

Mr.  Robert J. Campbell, CIC, CFA

Portfolio Manager
Tel : 212.661.2640
Email: r.campbell@beckmack.com
Member of Beck, Mack & Oliver LLC. Mr. Campbell rejoined the firm as a partner in 1992. He previously worked at Steamboat Partners and FundAmerica. He was born in 1948 and received a B.A. degree from Williams College in 1970.

Mr.  Lyman Delano

Portfolio Manager
Tel : 212.661.2640
Email: l.delano@beckmack.com
Member of Beck, Mack & Oliver LLC. Mr. Delano joined the firm as a member in 2005. He previously worked at Williams, Jones & Associates, Inc., Brown Brothers Harriman & Co., and Bankers Trust. He was born in 1953 and received a B.A. from Trinity College in 1975.

Mr.  Gilbert H. Dunham, CFA

Portfolio Manager
Tel : 212.661.2640
Email: g.dunham@beckmack.com
Member at Beck, Mack & Oliver LLC. Mr. Dunham joined the firm in 2003. He previously worked at Emigrant Capital, Lipper & Company, L.P., and Bear, Stearns & Co., Inc. He was born in 1972 and received a B.A. degree from Dartmouth College in 1994.

Mr.  Walter K. Giles, CFA

Portfolio Manager
Tel : 212.661.2640
Email: w.giles@beckmack.com
Member of Beck, Mack & Oliver LLC. Mr. Giles joined the firm in 1998 and became a member in 1999. He previously worked at the Ford Foundation as a security analyst and at Peter B. Connell & Co., as an investment counselor. He was born in 1960 and received a B.A. from Lehigh University in 1983.

Mr.  David E. Rappa

Portfolio Manager
Tel : 212.661.2640
Email: d.rappa@beckmack.com
Member of Beck, Mack & Oliver LLC. Mr. Rappa joined the firm as a member in 2009. He previously was a principal at Austin Investment Management which he joined in 1997. While at Austin, Mr. Rappa was Co-Manager of the Austin Global Equity Fund with responsibility for the day-to-day operations of the Fund, and a portfolio manager for Austin's private advisory business. He continues those responsibilities at Beck,Mack & Oliver LLC. Mr. Rappa was born in 1975 and earned a B.A. in International Business at Georgetown University in 1997.

Mr.  M. Gerald Sedam II, CIC, CFA

Portfolio Manager
Tel : 212.661.2640
Email: g.sedam@beckmack.com
Member of Beck, Mack & Oliver LLC. Mr. Sedam joined the firm as a partner in 1986. He had previously worked for twenty years at Brown Brothers Harriman & Co., the last seven years as Director of Research and Equity Strategist. He was born in 1942 and graduated from Colgate University in 1964 and Wharton Business School (University Of Pennsylvania) in 1966.

Mr.  Zachary A. Wydra

Portfolio Manager
Tel : 212.661.2640
Email: z.wydra@beckmack.com
Member of Beck, Mack & Oliver LLC. Mr. Wydra joined the firm in 2005 and became a member in 2007. He previously worked at B.T. Wolfensohn, Graham Partners and Water Street Capital. He was born in 1971 and received a B.A. from Brown University in 1994, a M.A. from Columbia University in 1995 and an M.B.A. from the University of Pennsylvani in 2003.

Beck, Mack and Oliver, LLC Product Name

Global Equity:Privately Managed Accounts
Report Created: December,16 2018.  Copyright Money Manager Review , All rights Reserved.
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