Marlcroft Asset Management LLC (New York)

Name: Marlcroft Asset Management LLC
Address: 133 East 58 Th Street, New York, NY, 10022
Telephone: 212-980-3100

Marlcroft Asset Management LLC is a large advisory firm based in New York. It manages $283.73 million of regulatory assets for 108 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Connecticut, Florida, Louisiana, and 3 other states.

Marlcroft Asset Management provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Marlcroft Asset Management: assets under management

The assets under management (AUM) of Marlcroft Asset Management LLC is $283.73 million. The firm's AUM has gone down by -5% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $76.64 million in discretionary accounts and $207.09 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.16 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $4.93 million.

Marlcroft Asset Management has custody of $2.09 million in cash and securities for 2 clients in total and acts as a qualified custodian.

Investments

The firm invests in state and local bonds the most. They account for 45% of the total AUM. The second-largest asset type is exchange traded securities, which make up 24% of the firm’s portfolio. Investments in government bonds form 14% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Marlcroft Asset Management 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 Marlcroft Asset Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Marlcroft Asset Management is high net worth individuals with 51 clients and $278.56 million of assets under management. Among the 10 most similar advisory firms, Marlcroft Asset Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $283.73 million for 67 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.

Marlcroft Asset Management doesn't advise any private funds.

Careers at Marlcroft Asset Management 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. 2 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 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
Geza John Marx	Managing member/chief compliance officer	1 Jul 1997	25% - 50%	2836839
James Garrett King	Managing member	1 Jul 1997	25% - 50%	841786
Ernest Bentsen	Managing member	1 Jul 1997	25% - 50%	2642185
John Marx Geza	Managing member	1 Jul 1997	25% - 50%	2836839

Based in New York

The principal office where Marlcroft Asset Management LLC performs its advisory services is located at 133 East 58 Th Street, New York, NY 10022, 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 212-980-3100 or by fax 212-980-8729. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at marlcroft.com.