Millington Securities, Inc. is a large advisory firm based in Red Bank. It manages $781.56 million of regulatory assets for 12 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdiction of New Jersey.
Millington Securities provides portfolio management for investment companies and 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.
The assets under management (AUM) of Millington Securities, Inc. is $781.56 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -32% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Millington Securities, Inc. for their services and products based on a percentage of assets under management. 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.
The only and largest group of clients of Robert Confessore is investment companies with 1 clients and $781.56 million of assets under management. Among the 11 most similar advisory firms, Millington Securities has the highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $781.56 million for 1 clients. None of the firm’s clients are foreign persons or businesses.
Millington Securities doesn't advise any private funds.
The company employs 26 people that are either part- or full-time employees. 19 percent of the employees work as investment advisers or researchers. No 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 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.
Robert Confessore has been acting as President since 1 Nov 2013. Scott Frederick Kreitz joined the executive team most recently as the Chief Operating Officer.
The principal office where Millington Securities, Inc. performs its advisory services is located at 331 Newman Springs Road, Red Bank, NJ 07701, 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 732-945-3816 or by fax 732-842-4782. The normal business hours are 9-5:00 on Monday - Friday. You can find more information about the New York firm at millingtonsecurities.com.