Mra Associates Usa LLC (Phoenix)

Name: Mra Associates Usa LLC
Address: 3200 E. Camelback Road, Phoenix, AZ, 85018
Telephone: 602-468-1232

Mra Associates Usa LLC is a large advisory firm based in Phoenix. It manages $2.32 billion of regulatory assets for 2,221 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Arizona, California, Colorado, and 8 other states.

Mra Associates Usa provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mra Associates Usa: assets under management

The assets under management (AUM) of Mra Associates Usa LLC is $2.32 billion. The firm's AUM has gone down by -2% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.61 billion in discretionary accounts and $711.96 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.07 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $994.36 thousand.

Mra Associates Usa has custody of $1.51 billion in cash and securities for 402 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 69% of the total AUM. The second-largest asset type is exchange traded securities, which make up 11% of the firm’s portfolio. Investments in pooled investment vehicles form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mra Associates Usa LLC for their services and products based on a percentage of assets under management and fixed 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 Mra Associates Usa serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Mra Associates Usa is high net worth individuals with 265 clients and $1.18 billion of assets under management. Among the 7 most similar advisory firms, Mra Associates Usa has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.32 billion for 642 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.

Mra Associates Usa also advises several private funds. Namely, seven other private funds. The minimum investment commitment required of non-related persons ranges from $0 to $100,000.

Careers at Mra Associates Usa LLC

The company employs 56 people that are either part- or full-time employees. 48 percent of the employees work as investment advisers or researchers. 27 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
Bradley Scott Lemon	Managing partner; board member	1 Dec 2009	Other	1536255
Mark David Feldman	Chief executive officer, managing partner; board member	1 Feb 2012	Other	2557242
Christina Sellers Burroughs	Managing partner; board member	1 Feb 2012	Other	4573436
Mra Holdings Llc	Member	1 Jul 2012	75% - 100%	46-0658213
Bradley Keith Routh	Board member	1 Nov 2012	Other	6135141
Maureen Ann Rzeppa	Managing partner, cao, cco	1 Aug 2013	Other	4769528
William Jacob Hodges	Chairman; board member	1 Aug 2013	Other	4761290
Kenneth Paul Garrett	Managing partner; board member	1 Aug 2013	Other	6245610
Harold Michael Hirte	Managing partner; board member	1 May 2018	Other	6093052

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Mark David Feldman	Member/manager	1 Sep 2012	25% - 50%	2557242
Christina Sellers Burroughs	Member/manager	1 Sep 2012	Other	4573436
William Jacob Hodges	Manager	1 Sep 2012	Other	4761290
Maureen Ann Rzeppa	Member/manager	1 Mar 2017	Other	4769528

Based in Phoenix

The principal office where Mra Associates Usa LLC performs its advisory services is located at 3200 E. Camelback Road, Phoenix, AZ 85018, which is also the mailing address of the firm. An additional office of the firm is in Las Vegas, NV. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 602-468-1232 or by fax 602-468-1054. The normal business hours are 8 am - 5 pm on Monday - Friday. You can find more information about the New York firm at mraassociates.com.