REAVES ASSET MANAGEMENT

The firm was founded by the Reaves family, though the specific founding principal is not publicly disclosed (per public record). It operates as a family-owned entity.

The firm employs a value-oriented, bottom-up research approach, targeting utilities, energy, and infrastructure sectors. It constructs concentrated portfolios of 20-30 positions with a long-term holding period (per SEC filings and public investor materials).

Yes, the firm is registered as an investment adviser with the SEC, indicating it manages assets for clients beyond the founding family. It functions as both a family office and an external asset manager.

REAVES ASSET MANAGEMENT does not publicly disclose AUM. Public filings and the firm's own communications do not provide a figure. Estimates are not available from external sources.

The firm is primarily known for investments in utilities, energy, and infrastructure. Historical holdings include regulated electric utilities and energy companies (per public filings). It does not explicitly avoid any sectors but concentrates on regulated or essential services.

The firm originated as a family office for the Reaves family but has evolved to manage third-party capital. It is registered as an RIA, which distinguishes it from a pure single-family office that typically avoids external clients.

Public records do not link REAVES ASSET MANAGEMENT to a separate foundation or philanthropic arm. The firm's public filings focus on investment activities, not charitable vehicles.