Mbsc Securities Corporation (New York)

Name: Mbsc Securities Corporation
Address: 200 Park Avenue, New York, NY, 10166
Telephone: 212-922-7145

Mbsc Securities Corporation is a large advisory firm based in New York. It manages $1.48 billion of regulatory assets for 3,822 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Mbsc Securities Corporation provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and mbsc sponsors a wrap fee program, and serves as a portfolio mgr or model provider to third party wrap sponsors.. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Mbsc Securities Corporation: assets under management

The assets under management (AUM) of Mbsc Securities Corporation is $1.48 billion. The firm's AUM has grown by 22% since the beginning of its operation, and $1.06 million of the total AUM is attributable to clients outside of the United States.

The firm manages $687.17 million in discretionary accounts and $795.78 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $433.27 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $355.89 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 47% of the total AUM. The second-largest asset type is investment and business development companies, which make up 34% of the firm’s portfolio. Investments in state and local bonds form 19% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Mbsc Securities Corporation 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 Mbsc Securities Corporation 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 Mbsc Securities Corporation is individuals with 3,067 clients and $663.28 million of assets under management. Among the 13 most similar advisory firms, Mbsc Securities Corporation has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.19 billion for 3,814 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.

Mbsc Securities Corporation doesn't advise any private funds.

Careers at Mbsc Securities Corporation

The company employs 355 people that are either part- or full-time employees. 32 percent of the employees work as investment advisers or researchers. 264 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

John P Shea joined the executive team most recently as the Principal Financial Officer & Finop.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
The Dreyfus Corporation	Direct owner	1 Jan 1968	75% - 100%	13-5673135
Inc. Bny Mellon Investment Adviser	Direct owner	1 Jan 1968	75% - 100%	13-5673135
Stephen Joseph Storen	Chief compliance officer ("cco")	1 Oct 1999	Other	1180119
John David Officer	President & director	1 Mar 2000	Other	2789523
Mercedes Eileen Katz	Rosfp (srop/crop) & municipal securities principal	1 May 2000	Other	723383
John Charles Cardona	Chairman, executive vice president & director	1 Aug 2000	Other	702784
Noreen Bernadette Ross	Executive vice president	1 Mar 2002	Other	2670042
Joseph Warren Connolly	Chief compliance officer (investment advisory business)	1 Oct 2004	Other	1144952
Thomas Frederick Eggers	Chairman, chief executive officer & director	1 Apr 2005	Other	702468
William Howard Maresca	Executive vice-president & director	1 Jul 2005	Other	2053492
Gary Robert Pierce	Chief financial officer ("cfo") and director	1 Jul 2005	Other	2053491
Jonathan Russell Baum	Executive vice president & director	1 Mar 2006	Other	1155906
Kenneth James Bradle	Executive vice president	1 Aug 2006	Other	1827956
Ronald Michael Jamison	Chief legal officer and secretary	1 Oct 2006	Other	1861359
Robert Glenn Capone	Executive vice president & director	1 Apr 2007	Other	2549965
David Kent Mossman	Executive vice president	1 Jun 2007	Other	2503983
Sean Paul O'neil	Executive vice president	1 Jun 2007	Other	4427219
Mark Andrew Keleher	Head of transition management	1 Jun 2007	Other	2414937
Jonathan Russell Baum	Chairman, chief executive officer & director	1 Mar 2008	Other	1155906
Dwight Donald Jacobsen	Executive vice president & director	1 Jun 2008	Other	1133848
Kenneth James Bradle	Chief executive officer, president & director	1 May 2009	Other	1827956
John Mcdonald Donaghey	Executive vice president & director	1 Nov 2009	Other	3035437
Jeffrey David Landau	Executive vice president & director	1 Jan 2010	Other	2738321
Kathleen Denicholas	Chief legal officer & secretary	1 Dec 2011	Other	6020629
Christopher David O'connor	Executive vice president & director	1 Mar 2012	Other	2616816
Bill Eugene Sappington	Executive vice president & director	1 Mar 2012	Other	1689658
James Dyer Jr Muir	Chief legal officer & secretary	1 Apr 2013	Other	2801996
Andrew John Provencher	Executive vice president	1 Jul 2013	Other	1813737
Tracy Ann Hopkins Condon	Executive vice president	1 Feb 2014	Other	1416315
Brie Anne Elizabeth Steingarten	Corporate secretary & chief legal officer (clo)	1 Mar 2014	Other	5373977
Kimberly Moulton Mustin	Executive vice president & director	1 Oct 2014	Other	4397117
Jaynthi Karpagam Gandhi	Chief compliance officer	1 Dec 2014	Other	3003389
Susan Marie Goldgraben	Finop	1 Nov 2015	Other	1262722
John Squillace	Chief compliance officer (investment advisory business)	1 Jan 2016	Other	5504616
Bradley John Skapyak	Chief executive officer	1 Aug 2016	Other	2783620
Alban Joseph Miranda	Finop and chief financial officer	1 Mar 2017	Other	5715134
William Henry Kennedy	Chief compliance officer(broker-dealer business)	1 May 2017	Other	1359406
Hal Robert Marquit	Rosfp (srop/crop) & municipal securities principal	1 May 2018	Other	1530120
Andrew John Provencher	Executive vice president	1 Jun 2018	Other	1813737
Renee Michelle Laroche Morris	Chairman, evp and director	1 Jun 2018	Other	4874458
John P Shea	Principal financial officer & finop	1 Mar 2019	Other	2053468

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Mellon Financial Corporation	Owner	1 Mar 2004	75% - 100%	25-1233834
The Bank Of New York Mellon Corporation	Owner	1 Jul 2007	75% - 100%	13-2614959
Mbc Investment Corporation	Owner	1 Feb 2017	75% - 100%	51-0301132

Based in New York

The principal office where Mbsc Securities Corporation performs its advisory services is located at 200 Park Avenue, New York, NY 10166, which is also the mailing address of the firm. An additional office of the firm is in Uniondale, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-922-7145. 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 dreyfus.com.