Mana Advisors LLC

CRD#284792
Investment Advisor Firm

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Learn more about Mana Advisors LLC

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • Office Locations

    • Overview

    Mana Advisors LLC operates as a financial advisor firm that has its headquarters in New York, New York. Mana Advisors LLC oversees $70.4 million in total assets across three accounts. The firm has a small group, including 2 financial advisors. Mana Advisors LLC does not act as a registered broker-dealer, signifying that the company cannot buy and sell securities for its accounts and those of its customers and instead is required to go through a broker-dealer company to do so. Securities are defined as exchangable financial assets such as bonds, options and stocks.

    Mana Advisors LLC oversees all of the firm's client assets in a discretionary manner. Discretionary management is a structure in which an investment advisor has the discretion to make transaction judgments without needing the client's permission. The investment advisory firm supervises roughly $23.5 million for every client account. The average financial advisor at Mana Advisors LLC manages about two client accounts, placing it among the most personalized financial advisor firms in the country.

    The company's main office is located at 122 East 42Nd Street, New York, New York 10168.

    Assets Under Management

    $70.4 million

    Number of Advisors

    2

    Disclosures

    No

    Office Location

    122 East 42Nd Street
    New York, NY 10168

    Mana Advisors LLC by the Numbers

    Total Assets Under Management

    $70.4 million

    National Average: $8.6 billion
    Total Number of Employees

    5

    National Average: 64
    Total Number of Accounts

    3

    National Average: 375,227
    Average Account Size

    $23.5 million

    National Average: $23.0 thousand
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    Fee Structure

    Financial management fees are based on which services are offered. However, fees charged by the firm likely include any blend of the following fee structures: asset-based 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

      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 26% of firms

      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.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      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.

    • Find one of the 1% of firms that offer this fee type

      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.

    • 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 32% of firms that offer this fee type

      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.

    • 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.

    Back to Overview

    Types of Clients

    The company works with pooled investment vehicles and other investment advisers. Out of its three accounts, Mana Advisors LLC's biggest client by number of accounts is other investment advisers. Around 33% of the company's clients are non-U.S. persons.

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

    Mana Advisors LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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