Reedmark Advisors, LLC (Somerville)

Name: Reedmark Advisors, LLC
Address: 92 East Main Street, Somerville, NJ, 08876
Telephone: 908-300-5292

Reedmark Advisors, LLC is a pension cosultant based in Somerville. It manages $901.82 million of regulatory assets for 24 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of New Jersey.

Reedmark Advisors provides portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, and retirement plan assessment services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Reedmark Advisors: assets under management

The assets under management (AUM) of Reedmark Advisors, LLC is $901.82 million. The firm's AUM has grown by 335% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.8 million in discretionary accounts and $900.02 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.8 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $39.13 million.

Investments

The firm invests in pooled investment vehicles the most. They account for 95% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Reedmark Advisors, LLC for their services and products based on a percentage of assets under management and hourly charges. 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 Reedmark Advisors serves?

The firm provides services to high net worth individuals and pension and profit sharing plans. The largest group of clients of Reedmark Advisors is pension and profit sharing plans with 22 clients and $900.02 million of assets under management. Among the 11 most similar advisory firms, Reedmark Advisors has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $901.82 million for 23 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.

Reedmark Advisors doesn't advise any private funds.

Careers at Reedmark Advisors, LLC

The company employs 2 people that are either part- or full-time employees. 100 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 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
Anthony Joseph Pascazio	Managing member & cco	1 Oct 2014	75% - 100%	1039014

Based in Somerville

The principal office where Reedmark Advisors, LLC performs its advisory services is located at 92 East Main Street, Somerville, NJ 08876, 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 908-300-5292 or by fax 973-360-0699. The normal business hours are 9:00 am - 6:00 pm on Monday - Friday. You can find more information about the New York firm at reedmark.com.