Magten Asset Management Corp (New York)

Magten Asset Management Corp is an internet adviser based in New York. It manages $15.72 million of regulatory assets for 18 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Maryland.

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

Magten Asset Management Corp: assets under management

The assets under management (AUM) of Magten Asset Management Corp is $15.72 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -97% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $15.72 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $873.56 thousand each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Magten Asset Management Corp for their services and products based on a percentage of assets under management and performance-based 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.

Careers at Magten Asset Management Corp

Talton Embry has been acting as President since 1 Jan 1978. Vishal Bhutani joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jean Cynthia Colditz	Secretary	1 Jan 1978	Other	4333826
Talton Embry	Chairman/chief investment officer	1 Jan 1978	75% - 100%	2729778
Robert Joseph Capozzi	Managing director	1 Aug 1986	Other	4333831
Felix Lester Kozodoy	Controller	1 Mar 1992	Other	838495
Vishal Bhutani	Vice president	1 Mar 2002	Other	4517456
Edward Moy	Vice president	1 Mar 2002	Other	4517458

Based in New York

The principal office where Magten Asset Management Corp performs its advisory services is located at 35 East 21 St Street 5 Th Floor, New York, NY 10010, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.