Midland Advisory Services Inc (Baltimore)

Name: Midland Advisory Services Inc
Address: The Pier Iv Building, Baltimore, MD, 21202
Telephone: 443-263-2900

Midland Advisory Services Inc is a large advisory firm based in Baltimore. It manages $498.35 million of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Maryland, and Michigan.

Midland Advisory Services provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Midland Advisory Services: assets under management

The assets under management (AUM) of Midland Advisory Services Inc is $498.35 million. The firm's AUM has grown by 164% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $335.59 million in discretionary accounts and $162.76 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $167.8 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $40.69 million.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Midland Advisory Services 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.

Careers at Midland Advisory Services Inc

Robert Joseph Banks has been acting as President since 1 Jun 1988. Inc. Midland Financial Holdings joined the executive team most recently as the Corporation.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Joseph Banks	Chairman/president/director	1 Jun 1988	Other	1879397
Alfred David Bricker	Director	1 Jun 1988	Other	4393988
Keith J Gloeckl	Senior vice president/director/secretary	1 Jan 1995	Other	1879398
Inc. Midland Financial Holdings	Corporation	1 Oct 1999	75% - 100%	59-2892513

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Municipal Mortgage & Equity	Subsidiary	1 Oct 1999	75% - 100%	52-1449733
Llc Munimae Operating	Subsidiary	1 Oct 1999	75% - 100%	52-2195457
Munimae Investment Services Corporation	Subsidiary	1 Oct 1999	75% - 100%	52-2195455
Llc Munimae Midland	Subsidiary	1 Oct 1999	75% - 100%	52-2195457
Llc Mma Financial	Subsidiary	1 Oct 1999	75% - 100%	52-2195457

Based in Baltimore

The principal office where Midland Advisory Services Inc performs its advisory services is located at The Pier Iv Building, Baltimore, MD 21202, which is also the mailing address of the firm. An additional office of the firm is in Clearwater, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 443-263-2900 or by fax 410-727-5387. The normal business hours are 8:30am to 5:30pm on Monday - Friday. You can find more information about the New York firm at www.gomidland.com.