Reaves Asset Management is an independent investment management firm based in Jersey City, New Jersey, operating since 1961. The firm specializes in research-driven equity strategies focusing on key infrastructure sectors such as electric, gas, and water utilities, as well as communications. Reaves manages portfolios primarily invested in listed equities with strong dividend histories, utilizing four main investment strategies: Long Term Value, Dividend Income, Current Income, and Inflation Hedge. The firm serves a diverse client base including institutional investors, endowments, foundations, and individual high-net-worth investors. Reaves makes investment decisions on a discretionary basis and offers its services directly as well as through wrap fee programs and sub-advisory arrangements.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $2.0M | 1.00% |
| $2.0M - $5.0M | 0.75% |
| $5.0M - $75.0M | 0.50% |
| $75.0M - $275.0M | 0.50% |
| $275M+ | 0.30% |
Rates reflect the Long Term Value Strategy schedule. Other strategies have flat rates: Dividend Income and Inflation Hedge are 1.00%, and Current Income is 1.25%. Fees are negotiable.