Millington Securities, Inc. (Red Bank)

Name: Millington Securities, Inc.
Address: 331 Newman Springs Road, Red Bank, NJ, 07701
Telephone: 732-945-3816

Millington Securities, Inc. is a large advisory firm based in Red Bank. It manages $781.56 million of regulatory assets for 12 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdiction of New Jersey.

Millington Securities provides portfolio management for investment companies and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Millington Securities: assets under management

The assets under management (AUM) of Millington Securities, Inc. is $781.56 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -32% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $781.56 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $65.13 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Millington Securities, 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.

What kind of clients Robert Confessore serves?

The only and largest group of clients of Robert Confessore is investment companies with 1 clients and $781.56 million of assets under management. Among the 11 most similar advisory firms, Millington Securities has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $781.56 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Millington Securities doesn't advise any private funds.

Careers at Millington Securities, Inc.

The company employs 26 people that are either part- or full-time employees. 19 percent of the employees work as investment advisers or researchers. No 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.

Robert Confessore has been acting as President since 1 Nov 2013. Scott Frederick Kreitz joined the executive team most recently as the Chief Operating Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Millington & Company	Parent	1 Mar 2006	75% - 100%	36-4393147
Regina Ann Millington	Secy.	1 Mar 2006	Other	xxx-xx-xxxx
Charles Glenn Millington	Pres./chief compliance officer/chief financial officer	1 Mar 2006	Other	1032017
Charles Francis Millington	President	1 Jan 2010	Other	4683520
Charles Glenn Millington	Chief executive officer/chief financial officer/chief compliance officer	1 Jul 2010	Other	1032017
Inc. Wbi Trading Company	Parent	1 Nov 2013	75% - 100%	45-2955343
Robert Confessore	President	1 Nov 2013	Other	1156068
Jacqueline Marie Goode	Cco/finop	1 Nov 2013	Other	1292607
Cynthia Rose Stroik	Cco-ria and amlco-ria	1 Nov 2013	Other	5897597
Donald Robert Schreiber	Ceo	1 Dec 2013	Other	1076885
Leo John Decker	Head of trading	1 Dec 2013	Other	3016262
Kerri E Cain	Cfo	1 Dec 2013	Other	2920203
Kerri E Cain	Cfo/finop	1 Mar 2014	Other	2920203
Jacqueline Marie Goode	Cco/aml officer	1 Mar 2014	Other	1292607
Steven A Van Solkema	Coo, cco and amlco	1 Jun 2014	Other	3144017
Catherine E Marshall	General counsel	1 Jun 2015	Other	6508143
Daniel Stewart Beaton	Finop	1 Aug 2015	Other	4240769
Paul Joseph Lagermasini	Chief financial officer and finop	1 Oct 2015	Other	4304333
Matthew James Bromberg	General counsel	1 Feb 2016	Other	2918130
Matthew Bromberg	General counsel	1 Feb 2018	Other	2918130
Alyson Renee Kest	Chief compliance officer, amlco and counsel	1 May 2018	Other	3093693
Daniel Stewart Beaton	Finop	1 Jul 2018	Other	4240769
Scott Frederick Kreitz	Chief operating officer	1 Mar 2019	Other	5184237

Indirect Owners

The SEC currently registers 9 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Regina Ann Millington	Owner	1 Jun 2004	25% - 50%	xxx-xx-xxxx
Charles Glenn Millington	Owner	1 Jun 2004	25% - 50%	1032017
Donald Robert Schreiber	Ceo/class a&b shareholder	1 Jun 2011	75% - 100%	1076885
Robert Confessore	Class b shareholder	1 Jun 2011	Other	1156068
Matthew E Schreiber Trust	Class b shareholder	1 Jun 2011	Other	22-7006040
Ann Holly Schreiber Trust	Class b shareholder	1 Jun 2011	Other	22-7006041
Matthew Earl Schreiber	Class b shareholder	1 Jun 2011	Other	5614890
Gary Edward Stroik	Class b shareholder	1 Jun 2011	Other	2030206
Gary Edward Stroik	Class b shareholder	1 Nov 2013	Other	2030206

Based in Red Bank

The principal office where Millington Securities, Inc. performs its advisory services is located at 331 Newman Springs Road, Red Bank, NJ 07701, 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 732-945-3816 or by fax 732-842-4782. The normal business hours are 9-5:00 on Monday - Friday. You can find more information about the New York firm at millingtonsecurities.com.