Millburn Ridgefield Corporation (New York)

Name: Millburn Ridgefield Corporation
Address: 55 West 46 Th Street, New York, NY, 10036
Telephone: 2123327300

Millburn Ridgefield Corporation is a large advisory firm based in New York. It manages $4.3 billion of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdiction of New York.

Millburn Ridgefield Corporation provides financial planning services, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and advisory services to an individual and that individual's charitable entities and trusts. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Millburn Ridgefield Corporation: assets under management

The assets under management (AUM) of Millburn Ridgefield Corporation is $4.3 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 2517% since the beginning of its operation, and $18.89 million of the total AUM is attributable to clients outside of the United States.

The firm manages $4.3 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $860.66 million each.

Millburn Ridgefield Corporation has custody of $411.41 million in cash and securities for 6 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in derivatives the most. They account for 38% of the total AUM. The second-largest asset type is investment and business development companies, which make up 34% of the firm’s portfolio. Investments in cash and cash equivalents form 28% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Millburn Ridgefield Corporation for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Millburn Ridgefield Corporation serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Millburn Ridgefield Corporation is investment companies with 4 clients and $4.12 billion of assets under management. Among the 10 most similar advisory firms, Millburn Ridgefield Corporation has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $4.28 billion for 7 clients. 9% of the firm’s clients are foreign persons or businesses.

Millburn Ridgefield Corporation also advises several private funds. Namely, two hedge funds and one other private fund. The minimum investment commitment required of non-related persons is $100,000 for each fund.

Careers at Millburn Ridgefield Corporation

The company employs 51 people that are either part- or full-time employees. 35 percent of the employees work as investment advisers or researchers. No 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 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
Grant Norman Smith	Executive vice president, research	1 May 1975	Other	2230525
Grant Smith	Executive vice president, research	1 May 1975	Other	2230525
Malcolm Hewitt Weiner	Shareholder	1 Jan 1977	Other	4504599
Harvey Beker	Co-ceo and co-chairman	1 Jun 1978	25% - 50%	4504572
Barry Alan Goodman	Executive vice president, trading	1 Nov 1982	Other	1785846
Barry Goodman	Executive vice president, trading	1 Nov 1982	Other	1785846
George Edwin Crapple	Co-ceo and co-chairman	1 Apr 1983	25% - 50%	4504584
Gregg Richard Buckbinder	Senior v.p., chief operating officer & chief financial officer	1 Jan 1998	Other	1899709
John Reilly	V.p. and controller	1 Jul 1998	Other	4504596
Steven Marc Felsenthal	General counsel and chief compliance officer	1 Jan 2004	Other	4782179
Mark Bruce Fitzsimmons	Senior vice president	1 Jan 2006	Other	1613090
Dennis Brennan Newton	Senior vice president	1 Jan 2006	Other	873098
Estate Of Dennis Brennan Newton	Shareholder	1 May 2014	Other	476352402
Residuary Qsst Trust Established Under The Dennis Brennan Newton Revocable Trust	Shareholder	1 May 2014	Other	476352402
Barry Alan Goodman	Co-chief executive officer, executive director of trading	1 Nov 2015	Other	1785846
Grant Norman Smith	Co-chief executive officer, director of research	1 Nov 2015	Other	2230525
Gregg Richard Buckbinder	President, chief operating officer & chief financial officer	1 Nov 2015	Other	1899709

Based in New York

The principal office where Millburn Ridgefield Corporation 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 2123327300. The normal business hours are 9 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at millburncorp.com.