BECK MACK & OLIVER LLC

Beck Mack & Oliver LLC is an investment management firm based out of New York City. The company was established in 1931 and has formed a multi-generational relationship with many of its clients. Beck Mack & Oliver has remained small over the years, having only grown to 24 employees of which 10 are investment professionals, and is headed by Managing Director Peter A. Vlachos. The company conducts its research internally, utilizing a fundamental methodology to make its investment decisions. Beck Mack & Oliver invests in fixed income and public equity markets on a global scale, allocating its assets in the value stocks of companies. The company invests most heavily in the finance sector, which alone makes up almost a third of its total asset allocations, and also invests in the energy, health care, industrials, information technology, and consumer staples sectors, among others to a lesser degree, in order of decreasing allocation. All of the firm’s holdings are under 5% of its total allocations with its top 10 holdings together making up under a third of its total asset allocations. The company has a turnover rate of approximately 12%. Beck Mack & Oliver currently holds approximately $5.3 billion in total assets under management spread across over 2,400 accounts, all of which are discretionary accounts except for 25 that make up a minor $28 million of its total managed assets. Both of the firm’s total number of accounts and total assets under management have been increasing in recent years with its total managed assets growing significantly from under $3 billion back in 2010 to experience over $2 billion in growth to its current amount today. Beck Mack & Oliver mainly caters to individuals, which alone makes up almost half of its total asset allocations. The company currently offers its International and Partners mutual funds.