Madison Avenue Securities, LLC

CRD#23224
Investment Advisor Firm

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Overview

Madison Avenue Securities, LLC operates as a financial advisor company headquartered in San Diego, California. It controls $1.6 billion in assets over 13,595 customer accounts, placing it among the biggest firms in the United States by assets under management (AUM). It has an average-sized team, including 77 financial advisors. Madison Avenue Securities, LLC does not act as a registered broker-dealer, meaning the company cannot buy and sell securities for its customers' and own accounts and instead has to go through a broker-dealer company to do so. Securities are tradable fiscal assets such as options, stocks and bonds.

Madison Avenue Securities, LLC administers 7,179 of its client assets in a discretionary manner. Discretionary management is a structure in which a portfolio manager has the discretion to make transaction choices without requiring the client's approval. The company also manages 6,416 non-discretionary accounts with a total of $690.0 million in assets. The firm's average account size is $119,214. The average advisor at Madison Avenue Securities, LLC manages about 177 client accounts.

The company's central office is located at 13500 Evening Creek Dr. N, San Diego, California 92128. It is legally registered to serve investors across 50 U.S. states and territories.

Assets Under Management

$1.6 billion

Number of Advisors

77

Disclosures

No

Office Location

13500 Evening Creek Dr. N
San Diego, CA 92128

Madison Avenue Securities, LLC by the Numbers

Total Assets Under Management

$1.6 billion

National Average: $8.6 billion
Total Number of Employees

99

National Average: 64
Total Number of Accounts

13,595

National Average: 375,227
Average Account Size

$119.2 thousand

National Average: $23.0 thousand
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Products and Services

Madison Avenue Securities, LLC provides multiple services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services and selection of other advisers. In the past financial year, it provided financial planning services to 101-250 of its customers. Madison Avenue Securities, LLC is engaged in selling products or offering services apart from investment advisory services to its clients. Madison Avenue Securities, LLC is also affiliated with a number of other service providers in the financial services industry, including with a broker-dealer or securities dealer, accountant or accounting firm, insurance company or agency and real estate broker or dealer.

Core Advisor Services

  • Offered by 31% of firms

    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 46% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

  • Find a firm that offers this service

    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Offered by 20% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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    Publication of Periodicals

    This is the publication of various financial education materials.

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    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Financial advisory fees largely vary depending on the services offered. Fees charged by Madison Avenue Securities, LLC can include the following fee types: asset-based, hourly, fixed or commission-based. The company does participate in a wrap fee program, in which the firm offers a service bundle for a single fee.

Available

  • Offered by 69% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 21% of firms

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Offered by 1% of firms

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Offered by 32% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

Unavailable

  • Find one of the 26% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 0% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 10% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

Madison Avenue Securities, LLC provides services to retail investors. Out of its 13,595 customers, Madison Avenue Securities, LLC's largest client type is retail investors. None of its accounts are from outside of the U.S.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 100%
  • Corporations - 0%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Madison Avenue Securities, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Madison Avenue Securities, LLC

Patrick Romero
San Diego, CA
Christine Diruscio
San Diego, CA
Adam Tau
Jersey City, NJ
Jeremy Lanteigne
Indianapolis, IN
Daniel Zakes
Greenville, SC
Shelly Maas
San Diego, CA
John Fazzini
San Diego, CA
Brian Carden
San Diego, CA
Jessica Passier
San Diego, CA

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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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