Executive Monetary Management, LLC (New York)


Executive Monetary Management, LLC is a large advisory firm based in New York. It manages $2.31 billion of regulatory assets for 132 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of California, Connecticut, District of Columbia, and 8 other states.

Executive Monetary Management provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and consolidated reporting, asset allocation and risk analysis. It prepares financial plans for less than 10 clients. On top of advisory services, the firm also engages as family office and trust support services.

Executive Monetary Management: assets under management

The assets under management (AUM) of Executive Monetary Management, LLC is $2.31 billion. The firm's AUM has gone down by -9% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $26.16 million in discretionary accounts and $2.29 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.38 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $18.91 million.
Executive Monetary Management has custody of $233.58 million in cash and securities for 87 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 33% of the total AUM. The second-largest asset type is exchange traded securities, which make up 22% of the firm’s portfolio. Investments in investment and business development companies form 21% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Executive Monetary Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Executive Monetary Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Executive Monetary Management is high net worth individuals with 109 clients and $2.29 billion of assets under management. Among the 6 most similar advisory firms, Executive Monetary Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.3 billion for 126 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.

Executive Monetary Management doesn't advise any private funds.

Careers at Executive Monetary Management, LLC

The company employs 31 people that are either part- or full-time employees. 55 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 compensates 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
Llc Emm Group Member 1 Jul 2008 75% - 100% 26-2954379
Thomas Joseph Obrien Chief financial officer and chief compliance officer 1 Nov 2008 Other 3140832
William Ernest Aaron Founding member 1 Mar 2009 Other 42
David Elliot Aaron Co-chief executive officer and chief investment officer 1 Mar 2009 Other 5191284
Lloyd Mark Abramowitz Co-chief executive officer 1 Mar 2009 Other 2443919
Lawrence Schwartz Executive vice president 1 Mar 2009 Other 3140831
Susan Steinsapir Executive vice president 1 Mar 2009 Other 3140830
Michael Ronald Stein Co-chief executive officer 1 Mar 2009 Other 434737
Michael David Nelson Executive vice president 1 Oct 2013 Other 4895869
Stuart Ashley Evans Chief compliance officer 1 Mar 2018 Other 2424825

Indirect Owners

The SEC currently registers 3 indirect owners.

Name Entity Date acquired Ownership Employer ID
William Ernest Aaron Member 1 Nov 2008 Other 42
Michael Ronald Stein Co-ceo 1 Nov 2008 Other 434737
Thomas Joseph Obrien Member 1 Mar 2009 Other 3140832

Based in New York

The principal office where Executive Monetary Management, LLC performs its advisory services is located at 220 East 42 Nd Street, New York, NY 10017, 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 212-476-5555 or by fax 212-883-3490. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at executivemonetarymanagement.com/ and its LinkedIn profile.