Radium Asset Management, LLC (Uniondale)

Radium Asset Management, LLC is a mid-sized advisory firm based in Uniondale. It manages $65.3 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2019.

Radium Asset Management provides portfolio management for pooled investment vehicles and portfolio management for a corporation. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Radium Asset Management: assets under management

The assets under management (AUM) of Radium Asset Management, LLC is $65.3 million, all of which is managed in discretionary accounts. The company doesn't manage any assets belonging to foreign clients.

The firm manages $65.3 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $32.65 million each.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Radium Asset Management, LLC for their services and products based on a percentage of assets under management and performance-based fees. 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 Radium Asset Management serves?

The only and largest group of clients of Radium Asset Management is pooled investment vehicles with 1 clients and $0 of assets under management. Among the 3 most similar advisory firms, Radium Asset Management has the lowest percentage of pooled investment vehicles out of all clients.

None of the firm’s clients are foreign persons or businesses.

Radium Asset Management also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Radium Asset Management, LLC

The company employs 1 person that is either a part- or full-time employee. No employees work as investment advisers or researchers. No 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
Troy Caruso	Managing member	1 Sep 2018	75% - 100%	7038771
Ryan Lloyd Jumi	Chief compliance officer	1 Sep 2018	Other	5914643

Based in Uniondale

The principal office where Radium Asset Management, LLC performs its advisory services is located at 300 Rxr Plaza, Uniondale, NY 11556, 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 (877) 397-4127. The normal business hours are 9am to 5pm on Monday - Friday.