M&R Capital Management Inc (New York)

Name: M&R Capital Management Inc
Address: 88 Pine Street, 5 Th Floor, New York, NY, 10005
Telephone: 212-584-8999

M&R Capital Management Inc is a large advisory firm based in New York. It manages $457.31 million of regulatory assets for 480 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Colorado, Connecticut, and 15 other states.

M&R Capital Management provides investment supervisory services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

M&R Capital Management: assets under management

The assets under management (AUM) of M&R Capital Management Inc is $457.31 million. The firm's AUM has grown by 70% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $452.98 million in discretionary accounts and $4.34 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $951.63 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.08 million.

Investments

The firm invests in exchange traded securities the most. They account for 80% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 8% of the firm’s portfolio. Investments in investment and business development companies form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay M&R Capital Management Inc for their services and products based on a percentage of assets under management and hourly charges. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients John Edward Maloney serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of John Edward Maloney is individuals with 278 clients and $214.32 million of assets under management. Among the 9 most similar advisory firms, M&R Capital Management has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $457.31 million for 385 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

M&R Capital Management doesn't advise any private funds.

Careers at M&R Capital Management Inc

The company employs 7 people that are either part- or full-time employees. 86 percent of the employees work as investment advisers or researchers. 6 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.

John Edward Maloney has been acting as President since 1 May 1997. Charles Spencer Lemonides has served as the Chief Investment Officer since 1 Jul 1999. Michael John Charvala joined the executive team most recently as the Chief Operations Officer/Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Edward Maloney	Chairman/ceo/chief compliance officer	1 May 1997	75% - 100%	1006869
Richard Thomas Diver	Senior vice president/coo	1 May 1997	Other	1285180
Alan Rosenfeld	Chairman	1 May 1997	Other	404578
Charles Spencer Lemonides	Chief investment officer	1 Jul 1999	25% - 50%	1394147
Saul Bernard Eisenberg	President	1 May 2004	Other	76601
Michael John Charvala	Chief operations officer/chief compliance officer	1 May 2019	Other	1927751

Based in New York

The principal office where M&R Capital Management Inc performs its advisory services is located at 88 Pine Street, 5 Th Floor, New York, NY 10005, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-584-8999 or by fax 212-584-8998. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at mrcapco.com.