Mark J Snyder Financial Services Inc (Medford)

Name: Mark J Snyder Financial Services Inc
Address: 1733 N Ocean Ave, Medford, NY, 11763
Telephone: 631-289-4224

Mark J Snyder Financial Services Inc is a large advisory firm based in Medford. It manages $242.52 million of regulatory assets for 1,278 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Connecticut, Florida, Georgia, and 4 other states.

Mark J Snyder Financial Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mark J Snyder Financial Services: assets under management

The assets under management (AUM) of Mark J Snyder Financial Services Inc is $242.52 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 58% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $242.52 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $189.77 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 73% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 12% of the firm’s portfolio. Investments in investment grade corporate bonds form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mark J Snyder Financial Services Inc for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Mark J Snyder Financial Services serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Mark J Snyder Financial Services is individuals with 731 clients and $179 million of assets under management. Among the 9 most similar advisory firms, Mark J Snyder Financial Services has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $240.64 million for 778 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.

Mark J Snyder Financial Services doesn't advise any private funds.

Careers at Mark J Snyder Financial Services Inc

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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
Mark Jeffrey Snyder	President & chief compliance officer	1 Jan 1998	75% - 100%	1003418

Based in Medford

The principal office where Mark J Snyder Financial Services Inc performs its advisory services is located at 1733 N Ocean Ave, Medford, NY 11763, 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 631-289-4224 or by fax 631-289-8130. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at markjsnyder.com.