Carl Marks Management Company, LLC
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Overview
Carl Marks Management Company, LLC operates as a financial advisory company headquartered in New York, New York. Carl Marks Management Company, LLC administers $397.7 million in total assets across three customer accounts, making it one of the bigger financial advisory firms in the United States by assets under management (AUM). The company has a small group, including 6 financial advisors. Carl Marks Management Company, LLC is not a registered broker-dealer, meaning the advisor cannot buy and sell securities for its own accounts as well as its customers' and instead must go through a broker-dealer firm to do so. Securities are exchangable fiscal investments like stocks, options and bonds.
Carl Marks Management Company, LLC manages all of its client assets on a discretionary basis. Discretionary management is a structure in which buy and sell decisions for the client's account are made by an investment advisor without requiring client approval. The advisory firm supervises an average of $132.6 million for each client account. The typical advisor at Carl Marks Management Company, LLC oversees fewer than one client account, placing it among the most individualized firms in the country.
The firm's central office is at 900 Third Avenue - 33Rd Floor, New York, New York 10022.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Carl Marks Management Company, LLC by the Numbers
$397.7 million
8
3
$132.6 million
Fee Structure
A financial advisor's fees usually are based on which services the firm provides the client. However, fees charged by the firm likely are comprised of the following fee types: asset-based or performance-based. The company does not supply a wrap fee program, in which the firm offers a bundle of services for a single fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
-
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
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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 caters to pooled investment vehicles. Out of its three customers, Carl Marks Management Company, LLC's biggest client group by number of accounts is pooled investment vehicles. None of its clients 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
Carl Marks Management Company, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
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