Mfa Asset Management, LLC (Tewksbury)

Name: Mfa Asset Management, LLC
Address: 1 Highwood Drive, Tewksbury, MA, 01876
Telephone: 978-557-5300

Mfa Asset Management, LLC is a large advisory firm based in Tewksbury. It manages $312.55 million of regulatory assets for 114 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Massachusetts and New Hampshire.

Mfa Asset Management provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mfa Asset Management: assets under management

The assets under management (AUM) of Mfa Asset Management, LLC is $312.55 million. The firm's AUM has gone down by -22% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $291.52 million in discretionary accounts and $21.03 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.7 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.51 million.

Investments

The firm invests in investment and business development companies the most. They account for 55% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 17% of the firm’s portfolio. Investments in state and local bonds form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mfa Asset Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Mfa Asset Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Mfa Asset Management is high net worth individuals with 20 clients and $182.93 million of assets under management. Among the 9 most similar advisory firms, Mfa Asset Management has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $236.49 million for 103 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Mfa Asset Management doesn't advise any private funds.

Careers at Mfa Asset Management, LLC

The company employs 10 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There are 6 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Carl Joseph Famiglietti	Managing member	1 Oct 2004	Other	4874022
William Salvatore Andronico	Member	1 Oct 2004	Other	4874023
Jeffrey Roger Arsenault	Member	1 Oct 2004	Other	4255524
William Anthony Duratti	Member	1 Oct 2004	Other	4874025
Famiglietti & Andronico Llp Moody	Shareholder	1 Dec 2004	50% - 75%	04-3077056
Michelle Gosselin Mackey	Chief compliance officer	1 Mar 2011	Other	5905947

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
William Salvatore Andronico	Partner	1 Jul 1998	25% - 50%	4874023
Carl Joseph Famiglietti	Managing partner	1 Jun 2003	25% - 50%	4874022

Based in Tewksbury

The principal office where Mfa Asset Management, LLC performs its advisory services is located at 1 Highwood Drive, Tewksbury, MA 01876, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 978-557-5300 or by fax 978-685-2333. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at mfa-asset.com and its LinkedIn profile.