Aljen Asset Management LLC (Cedar Knolls)

Name: Aljen Asset Management LLC
Address: 210 Malapardis Road, Cedar Knolls, NJ, 07927
Telephone: 973-316-1212

Aljen Asset Management LLC is an adviser based in Cedar Knolls. It manages $79.73 million of regulatory assets for 560 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of California, Florida, Georgia, and 4 other states.

Aljen Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and third party administration for retirement plans. It prepares financial plans for more than 25 clients. On top of advisory services, the firm also engages as third party administration.

Aljen Asset Management: assets under management

The assets under management (AUM) of Aljen Asset Management LLC is $79.73 million. The firm's AUM has gone down by -28% since the beginning of its operation, and $452.97 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $44.49 million in discretionary accounts and $35.24 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $193.44 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $106.79 thousand.

Aljen Asset Management has custody of $70.19 million in cash and securities for 251 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 50% of the total AUM. The second-largest asset type is investment and business development companies, which make up 27% of the firm’s portfolio. Investments in cash and cash equivalents form 21% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Aljen Asset Management LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Elliott Stephen Collins serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Elliott Stephen Collins is high net worth individuals with 33 clients and $37.45 million of assets under management. Among the 3 most similar advisory firms, Aljen Asset Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $79.02 million for 300 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Aljen Asset Management doesn't advise any private funds.

Careers at Aljen Asset Management LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Elliott Stephen Collins	President/director/shareholder/chief compliance officer	1 Oct 2003	75% - 100%	1317745

Based in Cedar Knolls

The principal office where Aljen Asset Management LLC performs its advisory services is located at 210 Malapardis Road, Cedar Knolls, NJ 07927, which is also the mailing address of the firm. An additional office of the firm is in Randolph, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 973-316-1212 or by fax 973-316-0020. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at aljenam.com.