Richard Ney & Associates Asset Management, Inc. (Pasadena)

Richard Ney & Associates Asset Management, Inc. is an adviser based in Pasadena. It manages $31.85 million of regulatory assets for 122 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of California.

Richard Ney & Associates Asset 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.

Richard Ney & Associates Asset Management: assets under management

The assets under management (AUM) of Richard Ney & Associates Asset Management, Inc. is $31.85 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -54% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $31.85 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $261.03 thousand each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Richard Ney & Associates Asset Management, Inc. 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.

Careers at Richard Ney & Associates Asset Management, Inc.

Richard Maximillian Ney has been acting as President since 1 Aug 1983. Mei Lee Ney joined the executive team most recently as the President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard Maximillian Ney	Chairman	1 Aug 1983	50% - 75%	4357461
Mei Lee Ney	President	1 Aug 1983	25% - 50%	4357990

Based in Pasadena

The principal office where Richard Ney & Associates Asset Management, Inc. performs its advisory services is located at 800 S. San Rafael Avenue, Pasadena, CA 91105, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.