Lowell Road Asset Management, Inc. (Manhasset)

Name: Lowell Road Asset Management, Inc.
Address: 1295 Northern Boulevard, Manhasset, NY, 11030
Telephone: 516-767-1099

Lowell Road Asset Management, Inc. is a mid-sized advisory firm based in Manhasset. It manages $25.09 million of regulatory assets for 131 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of New York.

Lowell Road Asset Management provides portfolio management for individuals and small businesses and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Lowell Road Asset Management: assets under management

The assets under management (AUM) of Lowell Road Asset Management, Inc. is $25.09 million. The firm's AUM has gone down by -14% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $6.26 million in discretionary accounts and $18.83 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $120.37 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $238.38 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 46% of the total AUM. The second-largest asset type is investment and business development companies, which make up 30% of the firm’s portfolio. Investments in cash and cash equivalents form 20% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Lowell Road Asset Management, 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 Todd Michael Greenberg serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Todd Michael Greenberg is high net worth individuals with 16 clients and $19.43 million of assets under management. Among the 3 most similar advisory firms, Lowell Road Asset Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $25.09 million for 55 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Lowell Road Asset Management doesn't advise any private funds.

Careers at Lowell Road Asset Management, Inc.

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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
Todd Michael Greenberg	President/chief compliance officer	1 May 2012	75% - 100%	2711418

Based in Manhasset

The principal office where Lowell Road Asset Management, Inc. performs its advisory services is located at 1295 Northern Boulevard, Manhasset, NY 11030, 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 516-767-1099 or by fax 516-767-2072. The normal business hours are 9 am - 5 pm on Monday - Friday. You can find more information about the New York firm at lowellroad.com.