Managed Account Advisors LLC

CRD#142558
Investment Advisor Firm

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  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Managed Account Advisors LLC operates as an advisory company headquartered in Jersey City, New Jersey. Managed Account Advisors LLC manages $662.4 billion in assets throughout 1.7 million client accounts, making it one of the largest firms in the nation by assets under management (AUM). Managed Account Advisors LLC has an average-sized team, including 23 financial advisors. Managed Account Advisors LLC does not act as a registered broker-dealer, signifying that the company is not able to buy and sell securities for its clients' and own accounts and instead must go through a broker-dealer company to do so. Securities are defined as tradable fiscal assets like options, bonds and stocks.

    Managed Account Advisors LLC administers all of its client assets on a discretionary basis. Discretionary management means that a portfolio manager has the discretion to make buy and sell judgments without needing to seek client approval. The investment advisory firm supervises an average of $396,830 for every customer account. An average advisor at Managed Account Advisors LLC administers around 72,531 client accounts.

    The firm's headquarters is at 101 Hudson Street, Jersey City, New Jersey 7302. Managed Account Advisors LLC is permitted to provide services to investors across 51 U.S. states and territories.

    Assets Under Management

    $662.4 billion

    Number of Advisors

    23

    Disclosures

    No

    Office Location

    101 Hudson Street
    Jersey City, NJ 07302

    Managed Account Advisors LLC by the Numbers

    Total Assets Under Management

    $662.4 billion

    National Average: $9.0 billion
    Total Number of Employees

    65

    National Average: 71,771
    Total Number of Accounts

    1,668,222

    National Average: 4,329
    Average Account Size

    $397.1 thousand

    National Average: $2.1 million

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    Products and Services

    Managed Account Advisors LLC provides multiple financial services, which can consist of portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients and selection of other advisers. The company is not engaged in selling products or offering services apart from investment advice to its investment advisory customers. It is affiliated with one or more other service providers in the financial services industry, including with a broker-dealer or securities dealer, banking or thrift institution, trust company, insurance company or agency, pension consultant, real estate broker or dealer and commodity pool advisor.

    Core Advisor Services

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      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 47% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 21% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    A financial advisor's fees depend on the type of services provided. However, fees billed by Managed Account Advisors LLC typically consist of the following fee structures: asset-based. The firm does participate in a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.

    Available

    • Offered by 70% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 33% of firms that offer this fee type

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    The firm manages money for a broad range of customers. It provides services to retail investors, high net worth investors, banking institutions, pension plans, charitable organizations, state or municipal government entities, insurance companies, corporations and other. Out of its 1,668,222 customers, Managed Account Advisors LLC's largest client type is retail investors, although it also serves 66,165 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 under management or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of its clients are non-U.S. persons.

    • High-Net-Worth Individuals* - 6.16%
    • Other Individuals - 91.41%
    • Corporations - 2.09%
    • Charitable Organizations - 0.34%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Managed Account Advisors LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Managed Account Advisors LLC

    Michael Mochan
    Jersey City, NJ
    Joseph Demaio
    Jersey City, NJ
    Alexandra Kayes
    Jersey City, NJ
    Jaymie Trisha Tan
    Jersey City, NJ
    Stephen Sarpi
    Jersey City, NJ
    Timothy Munson
    Jersey City, NJ
    Dan Glaser
    Jersey City, NJ
    Kyle Nakamura
    Jersey City, NJ
    Rajyashree Jalan
    Jersey City, NJ

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    The content in this profile was updated by SmartAsset on 04/01/2022 using publicly available data compiled from the SEC and FINRA. To report any data inconsistencies or errors, please contact profile-compliance@smartasset.com.

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