Boyar Asset Management, Inc
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Overview
Boyar Asset Management, Inc operates as a financial advisor firm based in New York, New York. It handles $198.1 million in assets throughout 240 accounts, placing it in the mid-tier of financial advisory firms in the country by assets under management (AUM). The firm has a small team, including 5 financial advisors. Boyar Asset Management, Inc does not act as a registered broker-dealer, signifying that it is not able to buy and sell securities for its clients' and own accounts and instead is required to go through a broker-dealer company to do so. Securities are tradable fiscal assets such as options, equities and bonds.
Boyar Asset Management, Inc administers the majority of the company's accounts on a discretionary basis. Discretionary management means that buy and sell judgments for the client's account are made by a portfolio manager without requiring client authorization. The company also has 115 non-discretionary accounts with a total of $23.1 million in AUM. The advisory firm administers about $825,541 for every account. The typical advisor at Boyar Asset Management, Inc oversees around 48 client accounts, making it about average in terms of personalization.
Boyar Asset Management, Inc's central office is at 32 West 39Th Street, New York, New York 10018. It is allowed to provide services to clients throughout 4 states, including Connecticut, Florida, New Jersey and New York.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Boyar Asset Management, Inc by the Numbers
$198.1 million
9
240
$825.5 thousand
Fee Structure
A financial advisor's fees largely are based on which service is provided. Fee types charged by the firm likely consist of some combination of the following fee types: asset-based, fixed or performance-based. The company does not supply a wrap fee program, in which the company offers a bundle of services for a single fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
-
Offered by 32% of firms
Fixed
Unavailable
Types of Clients
The firm does business with a broad range of clients. The company works with retail investors, high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations and corporations. Out of its 240 clients, Boyar Asset Management, Inc's biggest client type is retail investors, though it also serves 90 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's clients reside abroad.
- High-Net-Worth Individuals* - 37.5%
- Other Individuals - 51.67%
- Corporations - 9.17%
- Charitable Organizations - 1.67%
* 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
Boyar Asset Management, Inc does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Boyar Asset Management, Inc
New York, NY
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