Mackay Shields LLC is a large advisory firm based in New York. It manages $108.47 billion of regulatory assets for 362 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.
Mackay Shields 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 Mackay Shields LLC is $108.47 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 240% since the beginning of its operation, and $15.56 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Mackay Shields LLC 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.
The firm provides services to insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Robert Joseph Centrella is investment companies with 38 clients and $38.6 billion of assets under management. Among the 10 most similar advisory firms, Mackay Shields has the 5th highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $108.04 billion for 359 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 14% of the firm’s clients are foreign persons or businesses.
Mackay Shields also advises several private funds. Namely, fifteen hedge funds and two other private funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $5,000,000.
The company employs 182 people that are either part- or full-time employees. 36 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.
There are 3 people 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.
Robert Joseph Centrella has been acting as President since 1 Oct 1999. Naim Abou Jaoude joined the executive team most recently as the Elected To The Board Of Managers.
The principal office where Mackay Shields LLC performs its advisory services is located at 1345 Avenue Of The Americas, New York, NY 10105, which is also the mailing address of the firm. An additional office of the firm is in Princeton, NJ. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-758-5400 or by fax 212-758-3291. The normal business hours are 8 a.m. to 5 p.m. on Monday - Friday. You can find more information about the New York firm at mackayshields.com.