Mra Associates Usa LLC is a large advisory firm based in Phoenix. It manages $2.32 billion of regulatory assets for 2,221 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Arizona, California, Colorado, and 8 other states.
Mra Associates Usa provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Mra Associates Usa LLC is $2.32 billion. The firm's AUM has gone down by -2% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Mra Associates Usa LLC for their services and products based on a percentage of assets under management 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.
The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Mra Associates Usa is high net worth individuals with 265 clients and $1.18 billion of assets under management. Among the 7 most similar advisory firms, Mra Associates Usa has the 3rd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $2.32 billion for 642 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.
Mra Associates Usa also advises several private funds. Namely, seven other private funds. The minimum investment commitment required of non-related persons ranges from $0 to $100,000.
The company employs 56 people that are either part- or full-time employees. 48 percent of the employees work as investment advisers or researchers. 27 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 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.
The principal office where Mra Associates Usa LLC performs its advisory services is located at 3200 E. Camelback Road, Phoenix, AZ 85018, which is also the mailing address of the firm. An additional office of the firm is in Las Vegas, NV. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 602-468-1232 or by fax 602-468-1054. The normal business hours are 8 am - 5 pm on Monday - Friday. You can find more information about the New York firm at mraassociates.com.