Mark Asset Management Corporation (New York)

Name: Mark Asset Management Corporation
Address: 667 Madison Avenue, 9 Th Floor, New York, NY, 10065
Telephone: 212-372-2500

Mark Asset Management Corporation is a large advisory firm based in New York. It manages $551.57 million of regulatory assets for 44 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of New York.

Mark Asset Management Corporation provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Mark Asset Management Corporation: assets under management

The assets under management (AUM) of Mark Asset Management Corporation is $551.57 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 18% since the beginning of its operation, and $3.03 million of the total AUM is attributable to clients outside of the United States.

The firm manages $551.57 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $12.54 million each.

Investments

The firm invests in exchange traded securities the most. They account for 52% of the total AUM. The second-largest asset type is government bonds, which make up 33% of the firm’s portfolio. Investments in cash and cash equivalents form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mark Asset Management Corporation for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Morris Mark serves?

The firm provides services to charitable organizations, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Morris Mark is high net worth individuals with 18 clients and $283.59 million of assets under management. Among the 12 most similar advisory firms, Mark Asset Management Corporation has the 6th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $551.57 million for 32 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 9% of the firm’s clients are foreign persons or businesses.

Mark Asset Management Corporation also advises several private funds. Namely, four hedge funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $2,000,000.

Careers at Mark Asset Management Corporation

The company employs 14 people that are either part- or full-time employees. 64 percent of the 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.

Morris Mark has been acting as President since 1 Jan 1987. Kevin Jay Burinescu joined the executive team most recently as the Chief Financial Officer, Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Morris Mark	Director/president/treas.	1 Jan 1987	75% - 100%	319991
Susan Linda Mark	Director/secretary	1 Nov 1987	Other	4345092
Mark Asset Management Corporation	General partner - mark international management, lp	1 Sep 1997	Other	13-3395026
Susan Linda Mark	Limited partner - mark international managment, lp	1 Sep 1997	50% - 75%	4345092
Morris Mark	Limited partner - mark international managment, lp	1 Sep 1997	50% - 75%	319991
Morris Mark 1998 Grat F/B/O Matthew C. Mark (Trust)	Shareholder (morris mark, trustee)	1 Jan 1998	Other	13-7186929
Morris Mark 1998 Grat F/B/O Tara A.J. Mark (Trust)	Shareholder (morris mark, trustee)	1 Jan 1998	Other	13-7186930
Robert Gary Wolfson	Chief financial officer, chief compliance officer	1 May 2014	Other	1940928
Kevin Jay Burinescu	Chief financial officer, chief compliance officer	1 Mar 2018	Other	5043661

Based in New York

The principal office where Mark Asset Management Corporation performs its advisory services is located at 667 Madison Avenue, 9 Th Floor, New York, NY 10065, 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 212-372-2500 or by fax 212-372-2525. The normal business hours are 9:00am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at markasset.com.