Cjm Fiscal Management, Inc. (Deer Park)

Name: Cjm Fiscal Management, Inc.
Address: 724 Long Island Avenue, Deer Park, NY, 11729
Telephone: 631-777-1030

Cjm Fiscal Management, Inc. is a large advisory firm based in Deer Park. It manages $377.17 million of regulatory assets for 499 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Florida, New Hampshire, New Jersey, and New York.

Cjm Fiscal Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cjm Fiscal Management: assets under management

The assets under management (AUM) of Cjm Fiscal Management, Inc. is $377.17 million. The firm's AUM has grown by 58% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $154.48 million in discretionary accounts and $222.69 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.37 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $576.91 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 97% of the total AUM. The second-largest asset type is exchange traded securities, which make up 3% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Cjm Fiscal Management, 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 Charles Joseph Massimo serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Charles Joseph Massimo is high net worth individuals with 125 clients and $226.52 million of assets under management. Among the 12 most similar advisory firms, Cjm Fiscal Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $377.17 million for 184 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.

Cjm Fiscal Management doesn't advise any private funds.

Careers at Cjm Fiscal Management, Inc.

The company employs 8 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people 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.

Charles Joseph Massimo has been acting as President since 1 Aug 2010. Micah Bielski joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Charles Joseph Massimo	President	1 Aug 2010	75% - 100%	1535863
Peter Souren Anastasian	Managing director	1 Aug 2010	25% - 50%	3126096
Peter Souren Anastasian	Member	1 Aug 2011	Other	3126096
Kelly Antoinette Fiume	Chief compliance officer	1 Feb 2013	Other	2260713
Stephanie Jean Lyons	Chief compliance officer	1 Jun 2014	Other	6338225
Tara Maria Chiappone	Chief compliance officer	1 Sep 2015	Other	4886250
Diane Eileen Peters	Chief compliance officer	1 Jun 2016	Other	4934951
Diane E. Peters	Chief compliance officer	1 Jun 2016	Other	4934951
Micah Bielski	Chief compliance officer	1 Jun 2018	Other	4970430

Based in Deer Park

The principal office where Cjm Fiscal Management, Inc. performs its advisory services is located at 724 Long Island Avenue, Deer Park, NY 11729, 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 631-777-1030 or by fax 631-520-0560. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at cjmwealth.com.