Miravast Asset Management, LLC

CRD#168582
Investment Advisor Firm

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Learn more about Miravast Asset Management, LLC

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

    • Overview

    Miravast Asset Management, LLC operates as a financial advisor firm located in Newtown, Pennsylvania. Miravast Asset Management, LLC handles $1.1 billion in total assets throughout six accounts, making it one of the larger firms in the country by assets under management (AUM). It has a small team, including 13 financial advisors. Miravast Asset Management, LLC is not a registered broker-dealer, meaning the firm cannot buy and sell securities for its own accounts as well as its clients' and instead is required to go through a broker-dealer firm to do so. Securities are exchangable fiscal investments like options, bonds and stocks.

    Miravast Asset Management, LLC manages some of its client assets on a discretionary basis. Discretionary management signifies that buy and sell choices for the client's account are made by a portfolio manager without requiring client approval. Miravast Asset Management, LLC also manages three non-discretionary accounts totaling $302.8 million in assets. Miravast Asset Management, LLC's average account size is $188.9 million. The typical advisor at Miravast Asset Management, LLC administers fewer than one client account, making it one of the most individualized advisor firms in the country.

    Miravast Asset Management, LLC's main office is located at 405 South State St., Newtown, Pennsylvania 18940. The firm is permitted to serve clients throughout a number of states, including New York and Pennsylvania.

    Assets Under Management

    $1.1 billion

    Number of Advisors

    13

    Disclosures

    No

    Office Location

    405 South State St.
    Newtown, PA 18940

    Miravast Asset Management, LLC by the Numbers

    Total Assets Under Management

    $1.1 billion

    National Average: $8.6 billion
    Total Number of Employees

    17

    National Average: 64
    Total Number of Accounts

    6

    National Average: 375,227
    Average Account Size

    $188.9 million

    National Average: $23.0 thousand
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    Fee Structure

    Fees for financial management usually are based on which services the firm provides the client. However, fee types billed by the firm can include any blend of the following fee structures: asset-based, fixed or performance-based. The firm does not provide a wrap fee program, in which the firm 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.

    • Offered by 26% of firms

      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.

    • 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.

    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 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 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

    Miravast Asset Management, LLC works with pooled investment vehicles and insurance companies. Out of its six accounts, Miravast Asset Management, LLC's largest client type is pooled investment vehicles. Around 43% of the firm's accounts are 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

    Miravast Asset Management, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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