Maytech Global Investments, LLC (New York)

Name: Maytech Global Investments, LLC
Address: 950 Third Avenue, New York, NY, 10022
Telephone: 212-899-2730

Maytech Global Investments, LLC is a large advisory firm based in New York. It manages $189.28 million of regulatory assets for 108 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of New Jersey and New York.

Maytech Global Investments provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Maytech Global Investments: assets under management

The assets under management (AUM) of Maytech Global Investments, LLC is $189.28 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 23% since the beginning of its operation, and $1 million of the total AUM is attributable to clients outside of the United States.

The firm manages $189.28 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.75 million each.

Maytech Global Investments has custody of $118.28 million in cash and securities for 31 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 90% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 9% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Maytech Global Investments, LLC for their services and products based on a percentage of assets under management 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.

What kind of clients Maytech Global Investments serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Maytech Global Investments is high net worth individuals with 43 clients and $136.56 million of assets under management. Among the 9 most similar advisory firms, Maytech Global Investments has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $162.88 million for 55 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Maytech Global Investments also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Maytech Global Investments, LLC

The company employs 5 people that are either part- or full-time employees. 40 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 3 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.

Tibor Nemes joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Nels George Wangensteen	Chief executive officer	1 Nov 2016	50% - 75%	3047618
Ye Yin	President & chief investment officer	1 Nov 2016	25% - 50%	5709168
Dan Mccarthy	Member	1 Dec 2016	Other	823994
Tibor Nemes	Chief compliance officer	1 Apr 2017	Other	2775627

Based in New York

The principal office where Maytech Global Investments, LLC performs its advisory services is located at 950 Third Avenue, New York, NY 10022, 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 212-899-2730 or by fax 212-899-2731. The normal business hours are 9:00 - 5:00 on Monday - Friday. You can find more information about the New York firm at maytechglobal.com and its LinkedIn profile.