Sound Asset Management Group, LLC (Brooklyn)

Sound Asset Management Group, LLC is a mid-sized advisory firm based in Brooklyn. It manages $83.44 million of regulatory assets for 472 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Nebraska and New York.

Sound Asset Management Group provides portfolio management for individuals and small businesses 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.

Sound Asset Management Group: assets under management

The assets under management (AUM) of Sound Asset Management Group, LLC is $83.44 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 208% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $83.44 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $176.77 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Sound Asset Management Group, 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 Sound Asset Management Group serves?

The only and largest group of clients of Sound Asset Management Group is other investment advisers with 1 clients and $83.44 million of assets under management. Among the 4 most similar advisory firms, Sound Asset Management Group has the highest percentage of other investment advisers out of all clients.

The amount of regulatory assets under management is $83.44 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Sound Asset Management Group doesn't advise any private funds.

Careers at Sound Asset Management Group, LLC

The company employs 1 person that is either a part- or full-time employee. 100 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Christopher Maiorano	Managing member/chief compliance officer	1 Sep 2007	75% - 100%	2844350
Robert Francis Walsh	Money manager	1 Mar 2008	Other	1236262

Based in Brooklyn

The principal office where Sound Asset Management Group, LLC performs its advisory services is located at 8754 Bay 16 Th Street, Brooklyn, NY 11214, 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 718-331-3700 or by fax 718-236-6595. The normal business hours are 9 to 5 on Monday - Friday.