M.D. Sass Investors Services, Inc. is a large advisory firm based in New York. It manages $1.02 billion of regulatory assets for 54 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Michigan, New York, and Texas.
M.D. Sass Investors Services provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, 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.
The assets under management (AUM) of M.D. Sass Investors Services, Inc. is $1.02 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -47% 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 M.D. Sass Investors Services, Inc. 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.
The firm provides services to investment companies, 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 Martin Douglas Sass is corporations or other businesses with 14 clients and $379.58 million of assets under management. Among the 7 most similar advisory firms, M.D. Sass Investors Services has the highest percentage of corporations or other businesses out of all clients.
The amount of regulatory assets under management is $993.23 million for 53 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.
M.D. Sass Investors Services also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.
The company employs 21 people that are either part- or full-time employees. 48 percent of the employees work as investment advisers or researchers. No 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 receive compensation from other entities for client referrals.
Martin Douglas Sass has been acting as President since 1 Mar 1972. Ari Sass joined the executive team most recently as the President.
The principal office where M.D. Sass Investors Services, Inc. performs its advisory services is located at 55 West 46 Th Street, New York, NY 10036, 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 212-730-2000 or by fax 212-764-0381. 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 mdsassfunds.com.