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Estabrook Capital Management
Estabrook Capital Management was founded in 1851 as Estabrook & Co., a Boston broker-dealer. Charles T. Foley and Frank Whittelsey purchased the firm in 1970,...
Estabrook Capital Management
Estabrook Capital Management was founded in 1851 as Estabrook & Co., a Boston broker-dealer. Charles T. Foley and Frank Whittelsey purchased the firm in 1970, moved operations to New York, and focused it on portfolio management. Foley sold to Bank of New York in 1999, then reacquired the Estabrook name and assets through Grove Creek Asset Management in 2008. The firm allocates across distressed and turnaround situations, real estate, and philanthropic or mission-related investments. It maintains a North American footprint with offices in New York and Ponte Vedra Beach, Florida. Investment management and tax services form core offerings alongside estate planning for wealth transfer. As of December 31, 2025, Estabrook reported $935.8 million in discretionary assets under management and $101.1 million in advisory-only assets. The investment team averages over 37 years of experience. Charles T. Foley holds membership in the New York Society of Security Analysts. Ownership remains with the Foley family. Charles T. Foley and David P. Foley are listed as owners on the firm's Form ADV. This concentrated ownership distinguishes the firm from larger platforms that have absorbed or spun out similar advisory practices.
General information
Firm type
Multi Family Office
Year founded
1851
AUM
$1.04 billion (per firm website, 2025)
Location
Region
North America
Country
United States
City
New York
Corporate office
900 Third Avenue, Suite 502, New York, NY 10022, United States
Additional offices
Ponte Vedra Beach, FL, United States
Principals
Charles T. Foley
Chairman and Owner
David P. Foley
COO and Partial Owner
Sector focus
Frequently asked questions
Who runs investment decisions at Estabrook Capital Management?
Charles T. Foley serves as chairman and owner. David P. Foley serves as COO and partial owner. The firm discloses these roles in its Form ADV and website.
How is Estabrook Capital Management structured relative to its historical ownership changes?
The firm operated under Bank of New York Mellon from 1999 until 2008. Grove Creek Asset Management, led by Charles Foley, purchased the Estabrook name and assets in March 2008 and combined operations under the current entity.
Does Estabrook Capital Management participate in fund commitments or direct investments?
The firm provides discretionary investment management and model portfolios. Its sector focus includes distressed and turnaround situations and real estate, though specific holdings are not disclosed publicly.
What is the geographic scope of Estabrook Capital Management clients and investments?
The firm maintains offices in New York and Ponte Vedra Beach, Florida. Its investment activity centers on North America.
How does Estabrook Capital Management handle tax and estate planning for clients?
The firm integrates tax services and estate planning into its wealth-management process. It emphasizes ongoing adjustment to regulations and efficient wealth transfer across generations.
Which professional networks does chairman Charles T. Foley maintain?
Charles T. Foley holds membership in the New York Society of Security Analysts. Former director William C. Petty III maintained ties to the Yale Club of New York and Kent School.
What is the relationship between Estabrook Capital Management and Grove Creek Fund?
David P. Foley, COO of Estabrook, serves as president of the Grove Creek Fund, an affiliated entity.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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