Berson & Corrado Investment Advisors, LLC (Ramsey)

Name: Berson & Corrado Investment Advisors, LLC
Address: 48 South Franklin Turnpike, Ramsey, NJ, 07446 2558
Telephone: 201-661-6600

Berson & Corrado Investment Advisors, LLC is a large advisory firm based in Ramsey. It manages $376.79 million of regulatory assets for 961 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Arizona, California, Connecticut, and 10 other states.

Berson & Corrado Investment Advisors provides financial planning services and portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Berson & Corrado Investment Advisors: assets under management

The assets under management (AUM) of Berson & Corrado Investment Advisors, LLC is $376.79 million. The firm's AUM has grown by 80% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $349.7 million in discretionary accounts and $27.09 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $418.3 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $216.68 thousand.

Berson & Corrado Investment Advisors has custody of $122.99 million in cash and securities for 84 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 49% of the total AUM. The second-largest asset type is investment and business development companies, which make up 32% of the firm’s portfolio. Investments in cash and cash equivalents form 19% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Berson & Corrado Investment Advisors, LLC for their services and products based on a percentage of assets under management. 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 Berson & Corrado Investment Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Berson & Corrado Investment Advisors is high net worth individuals with 78 clients and $299.01 million of assets under management. Among the 11 most similar advisory firms, Berson & Corrado Investment Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $376.79 million for 336 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.

Berson & Corrado Investment Advisors doesn't advise any private funds.

Careers at Berson & Corrado Investment Advisors, LLC

The company employs 15 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates 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
Stuart Mark Berson	Managing member	1 Sep 1997	25% - 50%	4376032
Mark Anthony Corrado	Managing member	1 Sep 1997	25% - 50%	4376037
Stacey Berson	Member	1 Sep 1997	Other	4379436
Scott Berson	Member	1 Sep 1997	Other	4379438
Nicholas Corrado	Member	1 Sep 1997	Other	4379441
Dean Corrado	Member	1 Sep 1997	Other	4379445
Luke Corrado	Member	1 Mar 2000	Other	4379450
Herman Lentz	Chief compliance officer	1 Jun 2006	Other	5294191
Lisa A. Balsamo	Member	1 Jul 2018	25% - 50%	6027886

Based in Ramsey

The principal office where Berson & Corrado Investment Advisors, LLC performs its advisory services is located at 48 South Franklin Turnpike, Ramsey, NJ 07446 2558, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 201-661-6600 or by fax 201-661-6601. The normal business hours are 8:30am - 5:30pm on Monday - Friday. You can find more information about the New York firm at bersonandcorrado.com.