Mbsc Securities Corporation is a large advisory firm based in New York. It manages $1.48 billion of regulatory assets for 3,822 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.
Mbsc Securities Corporation provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and mbsc sponsors a wrap fee program, and serves as a portfolio mgr or model provider to third party wrap sponsors.. 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 Mbsc Securities Corporation is $1.48 billion. The firm's AUM has grown by 22% since the beginning of its operation, and $1.06 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay Mbsc Securities Corporation 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 firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Mbsc Securities Corporation is individuals with 3,067 clients and $663.28 million of assets under management. Among the 13 most similar advisory firms, Mbsc Securities Corporation has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $1.19 billion for 3,814 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.
Mbsc Securities Corporation doesn't advise any private funds.
The company employs 355 people that are either part- or full-time employees. 32 percent of the employees work as investment advisers or researchers. 264 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person 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 don’t receive compensation from other entities for client referrals.
John P Shea joined the executive team most recently as the Principal Financial Officer & Finop.
The principal office where Mbsc Securities Corporation performs its advisory services is located at 200 Park Avenue, New York, NY 10166, which is also the mailing address of the firm. An additional office of the firm is in Uniondale, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-922-7145. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at dreyfus.com.