Maxim Financial Advisors LLC (New York)

Name: Maxim Financial Advisors LLC
Address: 405 Lexington Ave.,, New York, NY, 10174
Telephone: 212-895-3500

Maxim Financial Advisors LLC is a large advisory firm based in New York. It manages $226.92 million of regulatory assets for 662 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Arizona, California, Colorado, and 18 other states.

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

Maxim Financial Advisors: assets under management

The assets under management (AUM) of Maxim Financial Advisors LLC is $226.92 million. The firm's AUM has grown by 381% since the beginning of its operation, and $7.42 million of the total AUM is attributable to clients outside of the United States.

The firm manages $89.26 million in discretionary accounts and $137.66 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $409.43 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $310.05 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 56% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 15% of the firm’s portfolio. Investments in investment and business development companies form 12% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Maxim Financial Advisors 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.

What kind of clients Michael Rabinowitz serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Michael Rabinowitz is high net worth individuals with 231 clients and $127.62 million of assets under management. Among the 8 most similar advisory firms, Maxim Financial Advisors has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $226.92 million for 662 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 3% of the firm’s clients are foreign persons or businesses.

Maxim Financial Advisors doesn't advise any private funds.

Careers at Maxim Financial Advisors LLC

The company employs 51 people that are either part- or full-time employees. 69 percent of the employees work as investment advisers or researchers. 35 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.

Michael Rabinowitz has been acting as President since 1 Dec 2005. Tipton Evans joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Rabinowitz	Chairman/chief executive officer	1 Dec 2005	Other	1141255
John Peter Sergio	Chief operating officer	1 Dec 2005	Other	1474341
Edward Lawrence Rose	General counsel	1 Dec 2005	Other	1791912
Timothy Gerard Murphy	Chief financial officer	1 Dec 2005	Other	1836629
Gerard Thomas Mccarthy	Chief compliance officer	1 Dec 2005	Other	3121615
Maxim Partners Llc	Managing member	1 Dec 2005	75% - 100%	04-3640102
James Paul Orazio	President	1 Feb 2006	Other	858623
Michael Anthony Liguori	Director of operations	1 Feb 2006	Other	1962615
Brian H Field	Vice president	1 Jul 2006	Other	4157134
Douglas Alan Jones	Managing director	1 Jul 2006	Other	2558771
Armand Ralph Pastine	Managing director	1 Jul 2006	Other	2257531
James Paul Orazio	President/chief administrative officer	1 Jan 2010	Other	858623
John James Garrity	Executive managing director of sales	1 Jan 2014	Other	1389590
Franco Vincent Zappone	Managing director of business development	1 Jan 2014	Other	1864009
James Paul Orazio	President/chief administrative officer- emeritus	1 Mar 2019	Other	858623
Anthony Diclemente	President/chief administrative officer	1 Mar 2019	Other	1673140
Tipton Evans	Chief compliance officer	1 Sep 2019	Other	6118339

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Mjr Holdings	Owner	1 Dec 2005	75% - 100%	75-3831523

Based in New York

The principal office where Maxim Financial Advisors LLC performs its advisory services is located at 405 Lexington Ave.,, New York, NY 10174, which is also the mailing address of the firm. An additional office of the firm is in Woodbury, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-895-3500 or by fax 212-895-3588. The normal business hours are 8 - 6:00 on Monday - Friday. You can find more information about the New York firm at maximgrp.com.