Matrix Asset Advisors Inc
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Overview
Matrix Asset Advisors Inc is an advisory firm based in White Plains, New York. Matrix Asset Advisors Inc has $884.5 million in assets across 585 accounts, making it one of the larger investment advisory firms in the country by assets under management (AUM). Matrix Asset Advisors Inc has a small team, including 7 financial advisors. Matrix Asset Advisors Inc is not a registered broker-dealer, meaning the company is not able to buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer company to do so. Securities are tradable fiscal investments such as stocks, options and bonds.
Matrix Asset Advisors Inc oversees all of the company's accounts in a discretionary manner. Discretionary management is a structure in which an investment advisor has the discretion to make buy and sell judgments for the client's account without requiring the customer's permission. The investment advisory firm's typical account size is $1.5 million. The average advisor at Matrix Asset Advisors Inc manages around 84 client accounts.
The firm's main office is at 10 Bank Street, White Plains, New York 10606. Matrix Asset Advisors Inc is allowed to serve customers throughout 51 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Matrix Asset Advisors Inc by the Numbers
$884.5 million
12
585
$1.5 million
Products and Services
Matrix Asset Advisors Inc provides a number of services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutional clients, pension consulting services, selection of other advisers and other services. In the past fiscal year, Matrix Asset Advisors Inc provided financial planning services to 51-100 of its accounts. The firm is not involved in selling products or offering services apart from investment advice to its investment advisory customers. It is also affiliated with a number of other service providers in the financial services industry, including with a pension consultant.
Core Advisor Services
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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.
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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.
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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
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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.
Fee Structure
Fees charged by financial advisors largely are based on the services offered. However, fees charged by Matrix Asset Advisors Inc may include the following fee types: asset-based, fixed or other. Wrap fee programs, or the practice of bundling services for a single fee, are offered by the company.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 32% of firms
Fixed
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Offered by 10% of firms
Other
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
Types of Clients
The company does business with a broad range of customers. It caters to retail investors, high net worth investors, investment companies, pension plans, charitable organizations and other investment advisers. Out of its 585 clients, Matrix Asset Advisors Inc's largest client by number of accounts is retail investors, but it also caters to 242 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 under management or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 2% of the firm's customers are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 42.16%
- Other Individuals - 52.61%
- Corporations - 3.31%
- Charitable Organizations - 1.92%
* 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
Matrix Asset Advisors Inc does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Matrix Asset Advisors Inc
White Plains, NY
White Plains, NY
White Plains, NY
White Plains, NY
White Plains, NY
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