Broadcore Investments LP (Roslyn Heights)


Broadcore Investments LP is a mid-sized advisory firm based in Roslyn Heights. It manages $26.92 million of regulatory assets for 10 client accounts. It has been registered with the SEC as an adviser since 2016.

Broadcore Investments provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Broadcore Investments: assets under management

The assets under management (AUM) of Broadcore Investments LP is $26.92 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -21% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $26.92 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.69 million each.

Investments

The firm invests in exchange traded securities the most. They account for 85% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 15% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Broadcore Investments LP 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 Broadcore Investments serves?

The only and largest group of clients of Broadcore Investments is high net worth individuals with 7 clients and $9.67 million of assets under management. Among the 1 most similar advisory firms, Broadcore Investments has the 0th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $9.67 million for 7 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.

Broadcore Investments doesn't advise any private funds.

Careers at Broadcore Investments LP

The company employs 3 people that are either part- or full-time employees. 67 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Broadcore Investments Llc General partner 1 Jun 2011 75% - 100% 32-0347370
Stephen Jay Mermelstein Chief financial officer/limited partner 1 Jul 2011 Other 332314
Grace Ann Zona Limited partner 1 Jul 2011 Other 5312169
Thomas Mo Wong Chief compliance officer/limited partner 1 Jul 2011 Other 2071963
Charles Joseph Jarvis Limited partner 1 Jul 2011 Other 1503350

Based in Roslyn Heights

The principal office where Broadcore Investments LP performs its advisory services is located at 93 Shepherd Lane, Roslyn Heights, NY 11577, 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 646-535-6900 or by fax 718-816-0993. The normal business hours are 9am-5pm on Monday - Friday.