Mjb Asset Management LLC (New York)

Name: Mjb Asset Management LLC
Address: 135 E 57 Th St, New York, NY, 10022
Telephone: 212-333-3733

Mjb Asset Management LLC is a large advisory firm based in New York. It manages $195.31 million of regulatory assets for 239 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of New York.

Mjb Asset Management provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and investment consultation services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mjb Asset Management: assets under management

The assets under management (AUM) of Mjb Asset Management LLC is $195.31 million. The firm's AUM has grown by 426% since the beginning of its operation, and $4.11 million of the total AUM is attributable to clients outside of the United States.

The firm manages $84.47 million in discretionary accounts and $110.84 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $362.52 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $18.47 million.

Investments

The firm invests in exchange traded securities the most. They account for 48% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 35% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mjb Asset Management LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Margaret S. Heydorn serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Margaret S. Heydorn is pension and profit sharing plans with 2 clients and $110.71 million of assets under management. Among the 11 most similar advisory firms, Mjb Asset Management has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $195.31 million for 76 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 8% of the firm’s clients are foreign persons or businesses.

Mjb Asset Management doesn't advise any private funds.

Careers at Mjb Asset Management LLC

The company employs 2 people that are either part- or full-time employees. 50 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.

Margaret S. Heydorn has been acting as President since 1 Jan 2001. Richard Henry Bregman joined the executive team most recently as the Member And Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard Henry Bregman	Member and chief compliance officer	1 Apr 1997	75% - 100%	4379488
Margaret S. Heydorn	President	1 Jan 2001	Other	4145016

Based in New York

The principal office where Mjb Asset Management LLC performs its advisory services is located at 135 E 57 Th St, New York, NY 10022, 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 212-333-3733 or by fax 888-333-4590. The normal business hours are 9:00-5:00 on Monday - Friday. You can find more information about the New York firm at mjbam.com.