Mt Asset Management, LLC (New York)

Name: Mt Asset Management, LLC
Address: 200 Park Avenue, New York, NY, 10166
Telephone: 212-850-8103

Mt Asset Management, LLC is a large advisory firm based in New York. It manages $1.01 billion of regulatory assets for 848 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 41 other states.

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

Mt Asset Management: assets under management

The assets under management (AUM) of Mt Asset Management, LLC is $1.01 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1254% since the beginning of its operation, and $446 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $1.01 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.19 million each.

Investments

The firm invests in state and local bonds the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Mt 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.

What kind of clients Mt Asset Management serves?

The only and largest group of clients of Mt Asset Management is individuals with 848 clients and $1.01 billion of assets under management. Among the 6 most similar advisory firms, Mt Asset Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.01 billion for 848 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.

Mt Asset Management doesn't advise any private funds.

Careers at Mt Asset Management, LLC

The company employs 8 people that are either part- or full-time employees. 38 percent of the employees work as investment advisers or researchers. 2 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 compensates 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
Charles Roy Levine	Chief financial officer	1 May 2008	Other	1831392
Jeffrey Steven Tabak	Co-ceo	1 May 2008	Other	856416
Jeffrey David Miller	Co-ceo	1 May 2008	Other	334997
Jay Lawrence Stenberg	Chief compliance officer	1 May 2008	Other	2368532
Llc Miller Tabak + Co.	Shareholder	1 May 2008	75% - 100%	47293
Michael Pietronico	Member	1 Apr 2010	25% - 50%	1668639
Michael Patrick Pietronico	Member	1 Apr 2010	25% - 50%	1668639
Kossiwa Justine Aka	Chief compliance officer	1 Feb 2013	Other	5461943
Mtco Llc	Member	1 May 2014	75% - 100%	47-1772060
Michael Thomas Marrone	Chief financial officer	1 Jul 2015	Other	4859949
Jay Lawrence Stenberg	Chief compliance officer	1 Nov 2016	Other	2368532
Joseph Michael Salvatore	Cco	1 Aug 2018	Other	5605076
Stephen Joseph Salvatore	Cco	1 Aug 2018	Other	2441388

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Jeffco Management	Managing member	1 Feb 1999	50% - 75%	13-4052661
Jeffrey Steven Tabak	Member	1 Feb 1999	50% - 75%	856416
Jeffrey David Miller	Member	1 Feb 1999	50% - 75%	334997
Mth Holdings	Member	1 Jan 2004	25% - 50%	13-3186676

Based in New York

The principal office where Mt Asset Management, LLC performs its advisory services is located at 200 Park Avenue, New York, NY 10166, which is also the mailing address of the firm. An additional office of the firm is in Matawan, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-850-8103 or by fax 212-850-8102. The normal business hours are 9 am to 5 pm on Monday - Friday. You can find more information about the New York firm at millertabakam.com.