Midas Management Corporation
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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
Number of Advisors
Disclosures
Office Location
Midas Management Corporation by the Numbers
$42.8 million
11
3
$14.3 million
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
Unavailable
-
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
-
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
-
Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
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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