Mittleman Investment Management, LLC (Melville)

Name: Mittleman Investment Management, LLC
Address: 105 Maxess Road, Melville, NY, 11747
Telephone: 212-217-2340

Mittleman Investment Management, LLC is a large advisory firm based in Melville. It manages $389.28 million of regulatory assets for 295 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of California, Colorado, Florida, and 8 other states.

Mittleman Investment Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, 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.

Mittleman Investment Management: assets under management

The assets under management (AUM) of Mittleman Investment Management, LLC is $389.28 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 1000% since the beginning of its operation, and $101.51 million of the total AUM is attributable to clients outside of the United States.

The firm manages $389.28 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.32 million each.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mittleman Investment Management, LLC for their services and products based on a percentage of assets under management and performance-based fees. 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 Mittleman Investment Management serves?

The firm provides services to individuals, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Mittleman Investment Management is high net worth individuals with 94 clients and $159.27 million of assets under management. Among the 9 most similar advisory firms, Mittleman Investment Management has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $389.28 million for 191 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 5% of the firm’s clients are foreign persons or businesses.

Mittleman Investment Management also advises several private funds. Namely, two hedge funds and one other private fund. The minimum investment commitment required of non-related persons ranges from $176,145 to $1,000,000.

Careers at Mittleman Investment Management, LLC

The company employs 8 people that are either part- or full-time employees. 25 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates 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
Llc Mittleman Brothers	Holding company & 100% owner	1 Nov 2005	75% - 100%	20-3761279
Master Control Llc	100% owner / member	1 Jan 2012	75% - 100%	01-4710053
Shannon Tyree Brown	Chief compliance officer	1 Sep 2013	Other	6254455
Jessica Clingo	Chief compliance officer, vice president, operations	1 Jan 2015	Other	6450816
Laura Kathleen Garner	Chief compliance officer	1 May 2015	Other	6491963
Jessica Clingo	Interim chief compliance officer	1 May 2016	Other	6450816
Stephen Gerard Bondi	Chief compliance officer & chief financial officer	1 Jul 2016	Other	1081770

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Christopher Philip Mittleman	Managing member	1 Nov 2005	25% - 50%	2078183
Philip Charles Mittleman	Member	1 Nov 2005	25% - 50%	2005969
David Joseph Mittleman	Member	1 Dec 2006	25% - 50%	2685071
Llc Mittleman Brothers	100% owner/member of master control llc	1 Jan 2012	75% - 100%	20-3761279

Based in Melville

The principal office where Mittleman Investment Management, LLC performs its advisory services is located at 105 Maxess Road, Melville, NY 11747, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-217-2340 or by fax 212-217-2350. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at mittlemanbrothers.com.