Marino, Stram And Associates LLC (Braintree)

Name: Marino, Stram And Associates LLC
Address: 25 Braintree Hill Office Park, Braintree, MA, 02184 8716
Telephone: 781-843-3500

Marino, Stram And Associates LLC is a large advisory firm based in Braintree. It manages $528.93 million of regulatory assets for 2,475 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of California, Connecticut, Florida, and 13 other states.

Marino, Stram And Associates provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Marino, Stram And Associates: assets under management

The assets under management (AUM) of Marino, Stram And Associates LLC is $528.93 million. The firm's AUM has grown by 186% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $527.2 million in discretionary accounts and $1.74 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $214.75 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $86.75 thousand.

Marino, Stram And Associates has custody of $9.11 million in cash and securities for 23 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 67% of the total AUM. The second-largest asset type is exchange traded securities, which make up 22% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Marino, Stram And Associates LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Marino, Stram And Associates serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Marino, Stram And Associates is individuals with 926 clients and $271.77 million of assets under management. Among the 10 most similar advisory firms, Marino, Stram And Associates has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $528.93 million for 1,109 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.

Marino, Stram And Associates doesn't advise any private funds.

Careers at Marino, Stram And Associates LLC

The company employs 19 people that are either part- or full-time employees. 42 percent of the employees work as investment advisers or researchers. 8 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Paul M. Marino	Financial advisor, managing director	1 May 2011	50% - 75%	1919298
Richard Eric Stram	Managing member, chief compliance officer	1 May 2011	50% - 75%	1705331
Richard Eric Stram	Financial advisor, managing director and cco	1 Jun 2011	50% - 75%	1705331
Michael Paul Cammarata	Financial advisor, partner	1 Aug 2014	Other	4846748

Based in Braintree

The principal office where Marino, Stram And Associates LLC performs its advisory services is located at 25 Braintree Hill Office Park, Braintree, MA 02184 8716, which is also the mailing address of the firm. An additional office of the firm is in Framingham, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 781-843-3500 or by fax 781-843-3530. The normal business hours are 9:00 a.m.-5:00 p.m. on Monday - Friday. You can find more information about the New York firm at marinostram.com.