Midas Management Corporation

CRD#108237
Investment Advisor Firm

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Learn more about Midas Management Corporation

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

    Midas Management Corporation is an advisory company located in Rochester, New York. The firm manages $42.8 million in assets throughout three client accounts. The company has a small group, including 4 financial advisors. Midas Management Corporation does not act as a registered broker-dealer, signifying that the company is not able to buy and sell securities for its accounts and those of its customers and instead has to go through a broker-dealer company to do so. Securities are defined as exchangable financial assets such as options, bonds and stocks.

    Midas Management Corporation administers all of its accounts on a discretionary basis. Discretionary management means that transaction decisions for the client's account are made by an investment advisor without requiring client authorization. Midas Management Corporation administers an average of $14.3 million in assets for each customer account. An average advisor at Midas Management Corporation manages fewer than one client account, placing it among the most individualized financial advisor firms in the country.

    The firm's headquarters is at 2255 Buffalo Road, Rochester, New York 14624.

    Assets Under Management

    $42.8 million

    Number of Advisors

    4

    Disclosures

    No

    Office Location

    2255 Buffalo Road
    Rochester, NY 14624

    Midas Management Corporation by the Numbers

    Total Assets Under Management

    $42.8 million

    National Average: $8.6 billion
    Total Number of Employees

    11

    National Average: 64
    Total Number of Accounts

    3

    National Average: 375,227
    Average Account Size

    $14.3 million

    National Average: $23.0 thousand
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    Fee Structure

    Fees for financial advisory services typically depend on which services the firm provides the client. Fees charged by Midas Management Corporation typically consist of the following fee structure: asset-based. Midas Management Corporation does not provide a wrap fee program, in which the company offers a bundle of services for a comprehensive 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.

    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 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 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.

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    Types of Clients

    The firm provides services to investment companies. Out of its three customers, Midas Management Corporation's largest client type by number of accounts is investment companies. None of its customers are represented by 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

    Midas Management Corporation does not have any disclosures.

    Please visit its Form ADV for more details.

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