Markston International LLC (White Plains)

Name: Markston International LLC
Address: 445 Hamilton Avenue, White Plains, NY, 10601
Telephone: 914-761-4700

Markston International LLC is a large advisory firm based in White Plains. It manages $802.81 million of regulatory assets for 14 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of New York and Texas.

Markston International provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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.

Markston International: assets under management

The assets under management (AUM) of Markston International LLC is $802.81 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 171% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $802.81 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $57.34 million each.

Investments

The firm invests in exchange traded securities the most. They account for 94% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 6% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Markston International LLC 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 Markston International serves?

The firm provides services to investment companies and pension and profit sharing plans. The largest group of clients of Markston International is investment companies with 1 clients and $635.96 million of assets under management. Among the 9 most similar advisory firms, Markston International has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $706.1 million for 7 clients. None of the firm’s clients are foreign persons or businesses.

Markston International doesn't advise any private funds.

Careers at Markston International LLC

The company employs 8 people that are either part- or full-time employees. 50 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Roger Matthew Lob	Member of llc	1 Dec 1998	Other	4361545
Michael John Mullarkey	General partner	1 Dec 1998	75% - 100%	342368
Christopher Mullarkey	Managing member of llc	1 Feb 2002	50% - 75%	2267720
Mullarkey Family Irrevocable Trust	Member of llc	1 Apr 2012	50% - 75%	45-6685198
Grant Anderson George	Chief compliance officer	1 Jan 2014	Other	3099175
Michael J. Mullarkey Irrevocable Trust	Equity ownership held in trust	1 Mar 2014	Other	47-6388624
James Kevin Mulvey	Member of llc	1 Jun 2015	Other	2403682
Maureen Mullarkey	Member of llc	1 Oct 2015	Other	6630997
Maureen M. Mullarkey Revocable Trust	Member of llc	1 Oct 2015	Other	47-6388624
Dwane Edwin Hawkins	Chief compliance officer	1 Jan 2017	Other	4394269
Beverly Lynn Duke	Chief compliance officer	1 Aug 2019	Other	5667739

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Christopher Mullarkey	Trustee	1 Apr 2012	50% - 75%	2267720
Maureen Mullarkey	Trustee	1 Apr 2012	Other	6630997

Based in White Plains

The principal office where Markston International LLC performs its advisory services is located at 445 Hamilton Avenue, White Plains, NY 10601, 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 914-761-4700 or by fax 914-761-4746. The normal business hours are 9:00-5:00 p.m. on Monday - Friday. You can find more information about the New York firm at markston.com.