Miller Tabak Asset Management

CRD#147381
Investment Advisor Firm

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Learn more about Miller Tabak Asset Management

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

    • Overview

    Miller Tabak Asset Management operates as a financial advisor firm located in Matawan, New Jersey. The company oversees $1.2 billion in assets under management throughout 1,052 customer accounts, making it one of the bigger investment advisory firms in the country by assets under management (AUM). The company has a small team, including 3 financial advisors. Miller Tabak Asset Management is not a registered broker-dealer, signifying that it cannot buy and sell securities for its own accounts as well as its clients' and instead has to go through a broker-dealer firm to do so. Securities are defined as tradable financial investments such as options, bonds and equities.

    Miller Tabak Asset Management oversees all of its client assets on a discretionary basis. Discretionary management signifies that transaction choices for the client's account are made by a portfolio manager without needing client permission. The investment advisory firm administers about $1.1 million in assets for every account. The average advisor at Miller Tabak Asset Management oversees around 351 client accounts.

    The firm's main office is at 1000 Route 34, Matawan, New Jersey 7747. It is legally permitted to serve clients throughout 47 U.S. states and territories.

    Assets Under Management

    $1.2 billion

    Number of Advisors

    3

    Disclosures

    No

    Office Location

    1000 Route 34
    Matawan, NJ 07747

    Miller Tabak Asset Management by the Numbers

    Total Assets Under Management

    $1.2 billion

    National Average: $8.6 billion
    Total Number of Employees

    8

    National Average: 64
    Total Number of Accounts

    1,052

    National Average: 375,227
    Average Account Size

    $1.1 million

    National Average: $23.0 thousand
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    Fee Structure

    Fees charged by financial advisors typically are based on which services the firm provides the client. However, fees billed by the firm typically consist of the following fee structure: asset-based. Miller Tabak Asset Management does not participate in 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.

    Back to Overview

    Types of Clients

    The company provides services to retail investors. Out of its 1,052 customers, Miller Tabak Asset Management's largest client group is retail investors. None of the firm's customers reside abroad.

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

    Miller Tabak Asset Management does not have any disclosures.

    Please visit its Form ADV for more details.

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