Massey Quick Simon & Co., LLC is a large advisory firm based in Morristown. It manages $2.98 billion of regulatory assets for 828 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Colorado, Connecticut, and 9 other states.
Massey Quick Simon & Co. provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Massey Quick Simon & Co., LLC is $2.98 billion. The firm's AUM has gone down by -2% since the beginning of its operation, and $36.17 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Massey Quick Simon & Co., LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, insurance companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Massey Quick Simon & Co. is high net worth individuals with 179 clients and $1.82 billion of assets under management. Among the 7 most similar advisory firms, Massey Quick Simon & Co. has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $2.98 billion for 304 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Massey Quick Simon & Co. also advises several private funds. Namely, three other private funds. The minimum investment commitment required of non-related persons is $500,000 for each fund.
The company employs 53 people that are either part- or full-time employees. 32 percent of the employees work as investment advisers or researchers. 19 employees are registered as investment adviser representatives with the state securities authorities.
There are 4 people 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.
The principal office where Massey Quick Simon & Co., LLC performs its advisory services is located at 360 Mt. Kemble Ave, Morristown, NJ 07960, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 973-525-1000 or by fax 973-525-1100. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at mqsadvisors.com/.