Merrion Investment Management Co, LLC (Westfield)

Name: Merrion Investment Management Co, LLC
Address: 210 Elmer Street, Westfield, NJ, 07090 2128
Telephone: 908-654-0033

Merrion Investment Management Co, LLC is a large advisory firm based in Westfield. It manages $112.87 million of regulatory assets for 94 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Florida, New Hampshire, New Jersey, and South Carolina.

Merrion Investment Management 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.

Merrion Investment Management: assets under management

The assets under management (AUM) of Merrion Investment Management Co, LLC is $112.87 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 148% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $112.87 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.2 million each.

Investments

The firm invests in exchange traded securities the most. They account for 63% of the total AUM. The second-largest asset type is investment and business development companies, which make up 14% of the firm’s portfolio. Investments in cash and cash equivalents form 11% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Merrion Investment Management Co, LLC 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 Merrion Investment Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Merrion Investment Management is high net worth individuals with 28 clients and $58.58 million of assets under management. Among the 9 most similar advisory firms, Merrion Investment Management has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $112.87 million for 45 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.

Merrion Investment Management doesn't advise any private funds.

Careers at Merrion Investment Management Co, LLC

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 isn’t anyone 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.

Alexander Charles Weil joined the executive team most recently as the Chief Operating Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Merrion Financial Group	Managing member	1 Nov 2005	75% - 100%	20-3897712
Randolph Christian Rogers	Chief compliance officer/cfo	1 Nov 2005	Other	4821597
David Edwin Erb	Chief executive officer	1 Nov 2005	Other	4572290
Joel William Miller	Managing director	1 Nov 2005	Other	335015
Alexander Charles Weil	Chief operating officer	1 Jul 2010	Other	4172999

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
William Benson Wigton	Managing member	1 Nov 2005	75% - 100%	806775

Based in Westfield

The principal office where Merrion Investment Management Co, LLC performs its advisory services is located at 210 Elmer Street, Westfield, NJ 07090 2128, which is also the mailing address of the firm. An additional office of the firm is in Charleston, SC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 908-654-0033 or by fax 908-654-4405. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at merriongroup.net/.