Record Currency Management Inc

CRD#171338
Investment Advisor Firm

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Learn more about Record Currency Management Inc

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Disclosures
  • Office Locations

    • Overview

    Record Currency Management Inc is located at 115 Broadway, New York, NY. The firm employs 3 financial advisors to manage client portfolios and provide financial guidance. Record Currency Management Inc is not a registered broker-dealer.

    The firm oversees $19.3 billion in assets under management across 6 accounts, all of which are discretionary. Services offered include portfolio management for pooled investment vehicles, portfolio management for institutional clients, selection of other advisers, publication of newsletters, educational seminars, and other services. The firm maintains affiliations with a broker-dealer or securities dealer and a commodity pool advisor. The fee structure includes fixed and other types of fees.

    Assets Under Management

    $19.3 billion

    Number of Advisors

    3

    Disclosures

    No

    Office Location

    115 Broadway
    New York, NY 10004

    Record Currency Management Inc by the Numbers

    Total Assets Under Management

    $19.3 billion

    National Average: $8.6 billion
    Total Number of Employees

    5

    National Average: 64
    Total Number of Accounts

    6

    National Average: 375,227
    Average Account Size

    $3.2 billion

    National Average: $23.0 thousand
    Back to Overview
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    Products and Services

    Services that Record Currency Management Inc provides can include portfolio management for pooled investment vehicles, portfolio management for institutional clients, selection of other advisers, publication of newsletters, educational seminars, and other services. Notably, the company did not provide any of its customers with financial planning services in the previous financial year. It is not involved in selling products or offering services aside from investment advice to its investment advisory accounts. It also has a number of financial industry affiliations, including with a broker-dealer or securities dealer and commodity pool advisor.

    Core Advisor Services

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      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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      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • 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

    • 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.

    • Offered by 3% of firms

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Offered by 6% of firms

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

    Back to Overview

    Fee Structure

    Financial management fees usually are based on which service is provided. Fees billed by Record Currency Management Inc can include some combination of the following fee types: fixed and other. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the company. It has the ability to withdraw its expenses directly from customer accounts.

    Available

    • Offered by 32% of firms

      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.

    • Offered by 10% of firms

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    Unavailable

    • Find one of the 69% of firms that offer this fee type

      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.

    • 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.

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    Disclosures

    Record Currency Management Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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