Midas Management Corporation (New York)

Name: Midas Management Corporation
Address: 11 Hanover Square, 12 Th Floor, New York, NY, 10005
Telephone: 212-785-0900

Midas Management Corporation is a mid-sized advisory firm based in New York. It manages $40.03 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2001.

Midas Management Corporation 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.

Midas Management Corporation: assets under management

The assets under management (AUM) of Midas Management Corporation is $40.03 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -69% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $40.03 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $13.34 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Midas Management Corporation 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 Midas Management Corporation serves?

The only and largest group of clients of Midas Management Corporation is investment companies with 3 clients and $40.03 million of assets under management. Among the 0 most similar advisory firms, Midas Management Corporation has the 0th lowest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $40.03 million for 3 clients. None of the firm’s clients are foreign persons or businesses.

Midas Management Corporation doesn't advise any private funds.

Careers at Midas Management Corporation

The company employs 10 people that are either part- or full-time employees. 40 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
Robert David Anderson	Vice chairman and director	1 Dec 1985	Other	5477
Thomas Bassett Winmill	Ceo, general counsel, director, and president	1 Mar 1995	75% - 100%	1849082
Winmill & Co. Incorporated	Parent company	1 Mar 1995	75% - 100%	13-1897916
Bassett Starr Winmill	Chairman and director	1 Mar 1995	Other	470014
Robert David Anderson	Vice chairman and director	1 Mar 1995	Other	5477
Monica Pelaez	Associate general counsel, cco, and vp	1 May 2000	Other	4189139
Marion Ellen Morris	Senior vice president	1 Nov 2000	Other	419501
Donald Lee Lawler	Treasurer, cao, cfo	1 Jan 2001	Other	2682521
William George Vohrer	Treasurer, cao, cfo	1 Feb 2001	Other	2602267
Thomas Omalley	Chief financial officer, chief accounting officer, treasurer, and director	1 Jun 2005	Other	1144851
Thomas Francis Omalley	Chief financial officer, chief accounting officer, treasurer, and director	1 Jun 2005	Other	1144851
John Felipe Ramirez	Senior associate general counsel, vice president, and secretary	1 Aug 2005	Other	4268570
Mark Campbell Winmill	Executive vice president and chief investment strategist	1 Jun 2012	75% - 100%	1181703
Jacob Bukhsbaum	Chief compliance officer, vice president	1 Jan 2013	Other	5093370
Eric Paul Hwang	Chief compliance officer, associate general counsel, and vice president	1 May 2014	Other	4970741
Russell Kamerman	Chief compliance officer, associate general counsel, vice president and assistant secretary	1 Dec 2014	Other	6432984
Russell Louis Kamerman	Chief compliance officer, associate general counsel, vice president and assistant secretary	1 Dec 2014	Other	6432984
Donald Klimoski	Assistant secretary, assistant general counsel, and assistant compliance officer	1 Sep 2017	Other	6854924
William Mccollum Winmill	Vice president	1 Sep 2017	Other	6436293

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Bassett Starr Winmill	Owner of 100% of voting stock	1 May 1974	75% - 100%	470014
Thomas Bassett Winmill	Trustee	1 May 2012	50% - 75%	1849082
Mark Campbell Winmill	Trustee	1 May 2012	50% - 75%	1181703
Winmill Family Trust	Owner of 100% of voting stock	1 May 2012	75% - 100%	46-6203121

Based in New York

The principal office where Midas Management Corporation performs its advisory services is located at 11 Hanover Square, 12 Th Floor, New York, NY 10005, 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 212-785-0900 or by fax 917-746-4802. The normal business hours are 9:00-5:00 on Monday - Friday. You can find more information about the New York firm at midasfunds.com.