Asset Management Consulting Services, Inc. (Livingston)

Asset Management Consulting Services, Inc. is a large advisory firm based in Livingston. It manages $132.39 million of regulatory assets for 89 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdiction of New Jersey.

Asset Management Consulting Services provides 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.

Asset Management Consulting Services: assets under management

The assets under management (AUM) of Asset Management Consulting Services, Inc. is $132.39 million. The firm's AUM has grown by 278% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $71.72 million in discretionary accounts and $60.67 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $14.34 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $722.27 thousand.

Asset Management Consulting Services has custody of $71.72 million in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 74% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 11% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Asset Management Consulting Services, Inc. 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 Asset Management Consulting Services serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Asset Management Consulting Services is pooled investment vehicles with 5 clients and $71.72 million of assets under management. Among the 8 most similar advisory firms, Asset Management Consulting Services has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $132.39 million for 54 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.

Asset Management Consulting Services also advises several private funds. Namely, one hedge fund and four other private funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $500,000.

Careers at Asset Management Consulting Services, Inc.

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 compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Keith Brett Abramson joined the executive team most recently as the Chief Financial Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Bruce Stuart Abramson	Chief executive officer	1 Jan 1995	50% - 75%	4719332
Keith Brett Abramson	Chief financial officer	1 Aug 1996	25% - 50%	3222095

Based in Livingston

The principal office where Asset Management Consulting Services, Inc. performs its advisory services is located at 293 Eisenhower Parkway, Suite 330, Livingston, NJ 07039, 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 212-628-7800 or by fax 973-992-3200. The normal business hours are 9am - 5pm on Monday - Friday.