Mitlin Financial, Inc. (Hauppauge)


Mitlin Financial, Inc. is a mid-sized advisory firm based in Hauppauge. It manages $45.41 million of regulatory assets for 298 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of New York and Texas.

Mitlin Financial provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mitlin Financial: assets under management

The assets under management (AUM) of Mitlin Financial, Inc. is $45.41 million. The firm's AUM has grown by 26% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $45.01 million in discretionary accounts and $399.2 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $152.57 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $133.07 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 90% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio. Investments in exchange traded securities form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mitlin Financial, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Lawrence David Sprung serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Lawrence David Sprung is individuals with 104 clients and $27.22 million of assets under management. Among the 1 most similar advisory firms, Mitlin Financial has the 0th lowest percentage of individuals out of all clients.

The amount of regulatory assets under management is $45.26 million for 125 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.

Mitlin Financial doesn't advise any private funds.

Careers at Mitlin Financial, Inc.

The company employs 3 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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
Lawrence David Sprung President/chief compliance officer 1 Oct 2004 75% - 100% 2770352

Based in Hauppauge

The principal office where Mitlin Financial, Inc. performs its advisory services is located at 140 Adams Avenue, Hauppauge, NY 11788, 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 631-952-4466. The normal business hours are 9 am to 5 pm on Monday - Friday. You can find more information about the New York firm at mitlinfinancial.com/.

Registered investment advisers similar to Mitlin Financial, Inc.