North Ridge Securities Corp. (Melville)
North Ridge Securities Corp. is a mid-sized advisory firm based in Melville. It manages $40.57 million of regulatory assets for 76 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Florida, New York, and Texas.
North Ridge Securities Corp provides portfolio management for individuals and small businesses 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.
North Ridge Securities Corp: assets under management
The assets under management (AUM) of North Ridge Securities Corp. is $40.57 million. The firm's AUM has gone down by -77% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
Investments
The firm invests in investment and business development companies the most. They account for 83% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio. Investments in exchange traded securities form 5% of the total invested assets.Fees & Commissions
The advisory firm has a single stream of revenue. Clients pay North Ridge Securities Corp. 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.
What kind of clients Daniel Robert Levy serves?
The only and largest group of clients of Daniel Robert Levy is individuals with 76 clients and $40.57 million of assets under management. Among the 1 most similar advisory firms, North Ridge Securities Corp has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $40.57 million for 76 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.
North Ridge Securities Corp doesn't advise any private funds.
Careers at North Ridge Securities Corp.
The company employs 85 people that are either part- or full-time employees. 19 percent of the employees work as investment advisers or researchers. 5 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 compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.
Daniel Robert Levy has been acting as President since 1 Jan 2010. Sandra Jean Grinspan joined the executive team most recently as the Exec. Vice President/Muni Bond Princ..
Direct owners and executive officers
Based in Melville
The principal office where North Ridge Securities Corp. performs its advisory services is located at 1895 Walt Whitman Road, Melville, NY 11747 3031, which is also the mailing address of the firm. An additional office of the firm is in Jericho, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 631-420-4242 or by fax 631-420-4243. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at northridgesecurities.com and its LinkedIn profile.
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