Macro Consulting Group LLC (Parsippany)

Name: Macro Consulting Group LLC
Address: 1639 Route 10 East, Parsippany, NJ, 07054
Telephone: 973-451-9400

Macro Consulting Group LLC is a large advisory firm based in Parsippany. It manages $396 million of regulatory assets for 1,095 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Florida, and 12 other states.

Macro Consulting Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and advice on matters not involving securities.. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Macro Consulting Group: assets under management

The assets under management (AUM) of Macro Consulting Group LLC is $396 million. The firm's AUM has grown by 481% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $394 million in discretionary accounts and $2 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $360.15 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2 million.

Investments

The firm invests in investment and business development companies the most. They account for 67% of the total AUM. The second-largest asset type is exchange traded securities, which make up 25% of the firm’s portfolio. Investments in state and local bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Macro Consulting Group LLC 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 Macro Consulting Group serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Macro Consulting Group is high net worth individuals with 229 clients and $331 million of assets under management. Among the 7 most similar advisory firms, Macro Consulting Group has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $396 million for 480 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.

Macro Consulting Group doesn't advise any private funds.

Careers at Macro Consulting Group LLC

The company employs 17 people that are either part- or full-time employees. 35 percent of the employees work as investment advisers or researchers. 5 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
Mark Anthony Cortazzo	Managing member	1 Mar 1995	75% - 100%	1995986
Heidi Heath	Chief compliance officer	1 Jan 2011	Other	4880414
Heidi Lorraine Modugno	Chief compliance officer	1 Jan 2011	Other	4880414
Nicholas Spagnoletti	Partner	1 Apr 2017	Other	2088786

Based in Parsippany

The principal office where Macro Consulting Group LLC performs its advisory services is located at 1639 Route 10 East, Parsippany, NJ 07054, 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 973-451-9400 or by fax 973-451-9401. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at macroconsultinggroup.com.