Mb Family Advisors, LLC (New York)

Name: Mb Family Advisors, LLC
Address: 757 Third Avenue, New York, NY, 10017
Telephone: 212-396-4733

Mb Family Advisors, LLC is a large advisory firm based in New York. It manages $138.39 million of regulatory assets for 12 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of New York.

Mb Family Advisors provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Mb Family Advisors: assets under management

The assets under management (AUM) of Mb Family Advisors, LLC is $138.39 million. The firm's AUM has grown by 81% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $38.5 million in discretionary accounts and $99.89 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $38.5 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $9.08 million.

Investments

The firm invests in pooled investment vehicles the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mb Family Advisors, 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 Mb Family Advisors serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Mb Family Advisors is high net worth individuals with 11 clients and $99.89 million of assets under management. Among the 11 most similar advisory firms, Mb Family Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $138.39 million for 12 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.

Mb Family Advisors also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Mb Family Advisors, LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No 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 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mark Berman	Managing partner, cco	1 May 2008	75% - 100%	6144624

Based in New York

The principal office where Mb Family Advisors, LLC performs its advisory services is located at 757 Third Avenue, New York, NY 10017, 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 212-396-4733 or by fax 646-417-5555. The normal business hours are 8am-6pm on Monday - Friday. You can find more information about the New York firm at mbfamadvisors.com/.