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.
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 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. 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 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.
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.
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.