Reich & Tang Asset Management,LLC (New York)

Reich & Tang Asset Management,LLC is a large advisory firm based in New York. It manages $17.61 billion of regulatory assets for 10 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Reich & Tang Asset Management provides portfolio management for investment companies and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Reich & Tang Asset Management: assets under management

The assets under management (AUM) of Reich & Tang Asset Management,LLC is $17.61 billion. The firm's AUM has grown by 19% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $17.58 billion in discretionary accounts and $37 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.51 billion each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $12.33 million.

Reich & Tang Asset Management has custody of $2.04 billion in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Reich & Tang Asset Management,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.

Indirect Owners

The SEC currently registers 56 indirect owners.

Based in New York

The principal office where Reich & Tang Asset Management,LLC performs its advisory services is located at 1411 Broadway, New York, NY 10018 3450, 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 212-830-5200 or by fax 212-830-5350. The normal business hours are 8:30 a.m. to 5:00 p.m on Monday - Friday. You can find more information about the New York firm at reichandtang.com.

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