Mittleman Brothers Investment Management
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Overview
Mittleman Brothers Investment Management is a financial advisor company based in Melville, New York. It handles $93.1 million in assets under management over 170 accounts. The firm has a small group, including 1 financial advisor. Mittleman Brothers Investment Management is not a registered broker-dealer, meaning the firm is not able to buy and sell securities for its clients' and own accounts and instead must go through a broker-dealer company to do so. Securities are defined as exchangable fiscal investments like equities, bonds and options.
Mittleman Brothers Investment Management administers all of the company's accounts in a discretionary manner. Discretionary management is a structure in which an investment advisor makes buy and sell choices for the client's account without requiring client authorization. The investment advisory firm manages an average of $547,576 in assets for each client account. The average financial advisor at Mittleman Brothers Investment Management administers around 170 client accounts.
The firm's headquarters is at 105 Maxess Road, Melville, New York 11747. It is legally registered to serve customers across a few states, including California, Colorado, Florida, Massachusetts, Michigan, New Jersey, New York, Pennsylvania and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Mittleman Brothers Investment Management by the Numbers
$93.1 million
5
170
$547.6 thousand
Fee Structure
Fees charged by financial advisors usually vary depending on which services the firm provides the client. Fees charged by the firm may include some combination of the following fee structures: asset-based or performance-based. Mittleman Brothers Investment Management does not supply a wrap fee program, in which the company offers a service bundle for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
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 company manages money for a broad range of investors. The company works with retail investors, high net worth investors, pooled investment vehicles, pension plans, other investment advisers and corporations. Out of its 170 clients, Mittleman Brothers Investment Management's largest client group is high net worth investors, but it also caters to 46 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 6% of the firm's accounts are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 48.42%
- Other Individuals - 40%
- Corporations - 11.58%
- 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
Mittleman Brothers Investment Management does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Mittleman Brothers Investment Management
Melville, NY
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