Mrm Horizon Advisors, LLC (Boston)

Name: Mrm Horizon Advisors, LLC
Address: 84 State Street, Suite 1060, Boston, MA, 02109
Telephone: 617-728-0333

Mrm Horizon Advisors, LLC is a large advisory firm based in Boston. It manages $203.8 million of regulatory assets for 205 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Florida, Illinois, Massachusetts, New Jersey, and New York.

Mrm Horizon Advisors provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Mrm Horizon Advisors: assets under management

The assets under management (AUM) of Mrm Horizon Advisors, LLC is $203.8 million. The firm's AUM has grown by 480% since the beginning of its operation, and $29.71 million of the total AUM is attributable to clients outside of the United States.

The firm manages $197.82 million in discretionary accounts and $5.98 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.03 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $459.98 thousand.

Mrm Horizon Advisors has custody of $51.31 million in cash and securities for 51 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 60% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 25% of the firm’s portfolio. Investments in cash and cash equivalents form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mrm Horizon Advisors, LLC 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.

What kind of clients Mrm Horizon Advisors serves?

The firm provides services to individuals, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Mrm Horizon Advisors is high net worth individuals with 56 clients and $90.96 million of assets under management. Among the 9 most similar advisory firms, Mrm Horizon Advisors has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $201.04 million for 96 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Mrm Horizon Advisors also advises several private funds. Namely, two hedge funds and one private equity fund. The minimum investment commitment required of non-related persons ranges from $0 to $250,000.

Careers at Mrm Horizon Advisors, LLC

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 3 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
Richard William Silver	Managing member	1 Nov 1997	75% - 100%	1216012
Lindsay Silver 2005 Trust	Member	1 Dec 2005	Other	20-6830290
Stephen Carluccio	Counsel/chief compliance officer	1 Mar 2007	Other	4754644
Llc Starfish Consulting	Member	1 Oct 2009	Other	26-0545797
Stephen Charles Carluccio	General counsel/director risk management/cco	1 Feb 2012	Other	4754644

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Stephen Silver	Trustee, lindsay silver 2005 trust	1 Dec 2005	Other	5124057
Stephen Charles Carluccio	Trustee, lindsay silver 2005 trust	1 Dec 2005	Other	4754644
Stephen Carluccio	Trustee	1 Dec 2005	Other	4754644
Bret Austhof	Managing member, starfish consulting, llc	1 Oct 2009	75% - 100%	5905376

Based in Boston

The principal office where Mrm Horizon Advisors, LLC performs its advisory services is located at 84 State Street, Suite 1060, Boston, MA 02109, 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 617-728-0333 or by fax 617-728-0055. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at mriver.com.