Charles Pratt & Company provides financial planning, portfolio management for individuals and small businesses, and selecting other managers. Financial planning was provided to 1–10 clients last fiscal year. The firm advises 1 private fund.
Charles Pratt & Company reports 315 clients. They include 294 individual clients, 14 high-net-worth individuals and 7 pooled investment vehicles. Of its assets, 96.8% ($887M across 402 accounts) are managed with discretion; $29.4M across 142 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 93% | 66% |
| High-net-worth individuals | 4% | 7% |
| Pooled investment vehicles | 2% | 27% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 294 | $604M | 65.9% | $2.05M |
| High-net-worth individuals | 14 | $66.6M | 7.3% | $4.76M |
| Pooled investment vehicles | 7 | $245M | 26.8% | $35.1M |
| Total | 315 | $916M | 100% | $2.91M |
- Clients
- 294
- Regulatory AUM
- $604M
- AUM share
- 65.9%
- Avg. per client
- $2.05M
- Clients
- 14
- Regulatory AUM
- $66.6M
- AUM share
- 7.3%
- Avg. per client
- $4.76M
- Clients
- 7
- Regulatory AUM
- $245M
- AUM share
- 26.8%
- Avg. per client
- $35.1M
Total
- Clients
- 315
- Regulatory AUM
- $916M
- AUM share
- 100%
- Avg. per client
- $2.91M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 1
- Financial planning clients last fiscal year
- 1–10
Charles Pratt & Company charges 0.10%–0.50% for its Custody fees. The brochure does not state whether the rate is annual. Each asset band is charged at its own rate. The fee is billed in arrears, has a $50 annual minimum and requires an account of at least $2,000,000. The brochure also prices 2 other services, listed under fee details.
| Asset band | Rate (period not stated) |
|---|---|
| $0–$2M | 0.50% |
| $2M–$10M | 0.25% |
| $10M–$20M | 0.15% |
| $20M and above | 0.10% |
Fee details and sources
Other fees
- Financial planning
- No additional fee is charged for financial planning services.
- Tax preparation and accounting
- Billed on the time spent on the tax return, special accounting, audit or related tax service.
The leadership team of Charles Pratt & Company includes President Richard Coster and Chief Compliance Officer Steven Yadegari. It has 9 employees, 1 of them in advisory roles.
Leadership
- Richard CosterOfficer - President and CEO
- Margaret CutterOfficer - Vice President
- Sofia LeeOfficer, Vice President - Tax
- Cynthia LopezOfficer - Vice President
- Steven YadegariChief Compliance Officer
- Deming HolleranManaging Member; Director
- David HuntManaging Member; Chairman
- Harold PrattManaging Member; Director
- Mitchell PrattManaging Member; Director
- David PrattManaging Member; Director
- Nicholas ThompsonManaging Member; Director
- Anne Van IngenManaging Member; Director
- Mary PrattMember
Investment adviser representatives
1 representatives listed in the SEC register as of 9 October 2026.
- Ellen Marie Lazarus
Staff
- 9 employees
- 1 in advisory functions
- Owns 10% to 25% of Charles Pratt & Company, L.L.C.
Mary Pratt
since July 2002
- Owns 5% to 10% of Charles Pratt & Company, L.L.C.
Harold Pratt
Control person · since January 1995
Charles Pratt & Company’s regulatory assets grew from $805M (March 2021) to $916M (June 2026); clients were 315 in both filings and employees fell from 10 to 9.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| June 2026 | $916M | 315 | 9 | 1 |
| May 2025 | $877M | 332 | 9 | 1 |
| March 2024 | $778M | 326 | 9 | 1 |
| April 2023 | $688M | 351 | 9 | 1 |
| June 2022 | $895M | 355 | 9 | 1 |
| March 2021 | $805M | 331 | 10 | 1 |
Besides its headquarters, Charles Pratt & Company has 0 offices, with 1 listed address in New York.
New York · 1 listed address
- 1270 Avenue of the Americas, Suite 940, New YorkHQ
Contact and registration details
- Legal name
- Charles Pratt & Company, L.L.C.
- Headquarters
- 1270 Avenue of the Americas, Suite 940, New York, NY 10020-1703
- Website
- Not reported
- Phone
- 212-867-4444
- SEC file
- 801-20651
- Structure
- New York LLC
- Fiscal year end
- December
Charles Pratt & Company uses FNZ Trust ($884M, 97%), State Street Bank ($19.6M, 2%) and Fidelity ($12.3M, 1%) as custodians for its separately managed accounts. Charles Pratt & Company has custody of $916M in client assets for 308 clients.
The filed custodian amounts total more than regulatory assets under management. Each amount is shown as filed.
- FNZ TrustFNZ Trust Company, LLC · Boston, MA · $884M97%
- State Street BankState Street Bank · Boston, MA · $19.6M2%
- FidelityNational Financial Services LLC · Jersey City, NJ · $12.3M1%
At year end, Charles Pratt & Company’s separately managed accounts were mostly in stocks (66%) and funds (10%).
What the accounts hold
- Stocks66%
- Funds10%
- Bonds9%
- U.S. government and agency bonds8%
- Investment grade corporate bonds1%
- Cash10%
- Other5%
- Inherited non marketable assets & real estate in trusts5%
How many clients does Charles Pratt & Company have?
Charles Pratt & Company has 315 clients and manages $916 million for them, as of June 2026. They include 294 individual clients, 14 high-net-worth individuals and 7 pooled investment vehicles.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 1 June 2026
What services does Charles Pratt & Company offer?
Charles Pratt & Company provides financial planning, portfolio management for individuals and small businesses, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Charles Pratt & Company charge?
Charles Pratt & Company charges 0.10%–0.50% for its Custody fees. The brochure does not state whether the rate is annual. Each asset band is charged at its own rate. The fee is billed in arrears, has a $50 annual minimum and requires an account of at least $2,000,000.
Source: CHARLES PRATT & COMPANY FIRM BROCHURE, filed 7 May 2026
Which custodians does Charles Pratt & Company use?
Charles Pratt & Company’s separately managed account assets are held at FNZ Trust Company, LLC (Boston, MA), with $884M, State Street Bank (Boston, MA), with $19.6M and National Financial Services LLC (Jersey City, NJ), with $12.3M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 1 June 2026
How many financial advisors does Charles Pratt & Company have?
Charles Pratt & Company has 0 investment adviser representatives registered with state securities authorities, out of 9 employees, and 1 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Charles Pratt & Company invest in?
At the end of its last fiscal year, Charles Pratt & Company’s separately managed accounts held 66% exchange-traded equities, 10% registered funds (mutual funds, ETFs, BDCs), 10% cash and equivalents, 8% U.S. government and agency bonds, 5% other and 1% investment grade corporate bonds. The 5% other category is described as: Inherited Non Marketable Assets & Real Estate in Trusts. It advises 1 private fund.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Charles Pratt & Company have a minimum investment?
Yes, Charles Pratt & Company’s minimum account size for its Custody fees is $2M. It charges a $50 annual minimum fee.
Source: CHARLES PRATT & COMPANY FIRM BROCHURE, filed 7 May 2026
Who owns Charles Pratt & Company?
Charles Pratt & Company’s direct owners are Harold Pratt and Mary Pratt, each holding 25% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 1 June 2026
How does Charles Pratt & Company get paid?
Charles Pratt & Company is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Charles Pratt & Company?
Charles Pratt & Company’s main office is at 1270 Avenue of the Americas, Suite 940, New York, NY 10020-1703. Its phone number is 212-867-4444.