Magnet Investment Group LLC is an adviser based in Randolph. It manages $14 million of regulatory assets for 24 client accounts. It has been registered with the SEC as an adviser since 2001.
Magnet Investment Group provides portfolio management for individuals and small businesses and portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Magnet Investment Group LLC is $14 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -65% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Magnet Investment Group LLC for their services and products based on a percentage of assets under management. 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.
The principal office where Magnet Investment Group LLC performs its advisory services is located at 1201 Sussex Turnpike, Randolph, NJ 07869, which is also the mailing address of the firm. The firm also has an office outside of the United States.
You can reach the main office by calling the phone number 973-895-4444 or by fax 973-895-4449. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at www.magnetinvesting.com.