Broadway Financial Management LLC (Jericho)

Broadway Financial Management LLC is a mid-sized advisory firm based in Jericho. It manages $71.27 million of regulatory assets for 396 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of New York.

Broadway Financial Management provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Broadway Financial Management: assets under management

The assets under management (AUM) of Broadway Financial Management LLC is $71.27 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 23% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $71.27 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $179.98 thousand each.

Broadway Financial Management has custody of $1.57 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 82% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 18% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Broadway Financial Management LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Broadway Financial Management serves?

The only and largest group of clients of Broadway Financial Management is individuals with 384 clients and $66.34 million of assets under management. Among the 5 most similar advisory firms, Broadway Financial Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $66.34 million for 384 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.

Broadway Financial Management doesn't advise any private funds.

Careers at Broadway Financial Management LLC

The company employs 1 person that is either a part- or full-time employee. 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
Martin W Harper	Principal/cco	1 Jan 2011	75% - 100%	4648936

Based in Jericho

The principal office where Broadway Financial Management LLC performs its advisory services is located at 350 Jericho Tpke Suite 300, Jericho, NY 11753 1317 The mailing address of the firm is 1078 Old Northern Blvd, Roslyn Estates, NY 11576 1616. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 516-938-0010 or by fax 516-730-1015. The normal business hours are 9am - 5pm on Monday - Friday.