Municipal Asset Management Inc (New York)

Name: Municipal Asset Management Inc
Address: 60 East 42 Nd Street, New York, NY, 10165
Telephone: 212-935-8313

Municipal Asset Management Inc is a large advisory firm based in New York. It manages $592.46 million of regulatory assets for 43 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdiction of New York.

Municipal Asset Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and investment advisor to state and local government agencies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Municipal Asset Management: assets under management

The assets under management (AUM) of Municipal Asset Management Inc is $592.46 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -35% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $592.46 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $13.78 million each.

Investments

The firm invests in state and local bonds the most. They account for 35% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 31% of the firm’s portfolio. Investments in government bonds form 29% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Municipal Asset Management Inc 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 Municipal Asset Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Municipal Asset Management is high net worth individuals with 19 clients and $120.24 million of assets under management. Among the 11 most similar advisory firms, Municipal Asset Management has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $250.21 million for 34 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Municipal Asset Management doesn't advise any private funds.

Careers at Municipal Asset Management Inc

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate 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
Marcy Annette Mashioff	President, director,secretary,chief compliance officer	1 Apr 1993	50% - 75%	1042512
John Joseph Obrien	Director, vice president, treasurer	1 Apr 1993	25% - 50%	350436

Based in New York

The principal office where Municipal Asset Management Inc performs its advisory services is located at 60 East 42 Nd Street, New York, NY 10165, 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 212-935-8313 or by fax 212-935-8491. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at maminvestments.com.