Accrued Equities Inc. (Melville)

Accrued Equities Inc. is an investment adviser to an investment company based in Melville. It manages $174.28 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2001.

Accrued Equities provides portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Accrued Equities: assets under management

The assets under management (AUM) of Accrued Equities Inc. is $174.28 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 235% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $174.28 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $174.28 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Accrued Equities Inc. for their services and products based on a percentage of assets under management. 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.

What kind of clients Accrued Equities serves?

The only and largest group of clients of Accrued Equities is investment companies with 1 clients and $174.28 million of assets under management. Among the 8 most similar advisory firms, Accrued Equities has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $174.28 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Accrued Equities doesn't advise any private funds.

Careers at Accrued Equities Inc.

The company employs 3 people that are either part- or full-time employees. 67 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 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
Maurice Louis Schoenwald	Secretary	1 Mar 1954	25% - 50%	1186534
David Jay Schoenwald	Chief executive officer and chief compliance officer	1 Jan 1981	75% - 100%	1128276
Murray David Rosenblith	Assistant compliance officer	1 Nov 2009	Other	5721773

Based in Melville

The principal office where Accrued Equities Inc. performs its advisory services is located at 150 Broadhollow Rd.,, Melville, NY 11747, 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 631-423-7373 or by fax 631-423-7393. The normal business hours are 9 to 5 on Monday - Friday.