Base Management Co (Towson)

Name: Base Management Co
Address: 600 Baltimore Avenue, Towson, MD, 21204
Telephone: 410-583-4828

Base Management Co is a large advisory firm based in Towson. It manages $103.73 million of regulatory assets for 53 client accounts. It has been registered with the SEC as an adviser since 2000 and has operated in the jurisdictions of Maryland and North Carolina.

Base Management 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.

Base Management: assets under management

The assets under management (AUM) of Base Management Co is $103.73 million. The firm's AUM has grown by 292% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $102.7 million in discretionary accounts and $1.02 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.19 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $170.39 thousand.

Investments

The firm invests in cash and cash equivalents the most. They account for 56% of the total AUM. The second-largest asset type is exchange traded securities, which make up 43% of the firm’s portfolio. Investments in other assets form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Base Management Co for their services and products based on a percentage of assets under management, hourly charges, and fixed 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 Base Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Base Management is high net worth individuals with 33 clients and $92.93 million of assets under management. Among the 11 most similar advisory firms, Base Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $103.73 million for 52 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.

Base Management doesn't advise any private funds.

Careers at Base Management Co

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. Only one employee is registered as an investment adviser representative 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
Francis Midland Hogle	President, director, chief compliance officer, d shareholder	1 Jul 1986	50% - 75%	248151
The Riderwood Group Incorporated	Sole direct owner	1 Jul 1986	75% - 100%	16681
Harold Huyett Hoffman	Secretary, director	1 Feb 1994	Other	247777
Carolyn Mcguire Frenkil	C shareholder	1 Dec 2004	25% - 50%	4825647
The Riderwood Group Incorporated	B shareholder	1 Dec 2004	Other	16681
James Frenkil	B shareholder	1 Dec 2004	Other	1521872
Estate Of James Frenkil	Estate	1 Feb 2009	Other	30-6185845

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Ira Peregoff	Shareholder	1 Mar 1986	25% - 50%	360096
James Frenkil	Shareholder, director	1 Jan 1994	25% - 50%	1521872
Carolyn Mcguire Frenkil	Shareholder	1 Nov 2004	50% - 75%	4825647

Based in Towson

The principal office where Base Management Co performs its advisory services is located at 600 Baltimore Avenue, Towson, MD 21204, 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 410-583-4828 or by fax 410-583-4829. The normal business hours are 9:30am to 4pm by appointment on Monday - Friday. You can find more information about the New York firm at basemanagement.com.