Mba Advisors LLC (Hermitage)

Name: Mba Advisors LLC
Address: 295 N. Kerrwood Dr. Suite 102, Hermitage, PA, 16148
Telephone: 724-977-6275

Mba Advisors LLC is a large advisory firm based in Hermitage. It manages $112.02 million of regulatory assets for 402 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida, North Carolina, Ohio, and Pennsylvania.

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

Mba Advisors: assets under management

The assets under management (AUM) of Mba Advisors LLC is $112.02 million. The firm's AUM has gone down by -3% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $110.77 million in discretionary accounts and $1.25 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $276.93 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $622.94 thousand.

Mba Advisors has custody of $1.5 million in cash and securities for 1 client 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 investment and business development companies, which make up 26% of the firm’s portfolio. Investments in government bonds form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mba Advisors LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Mba Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Mba Advisors is high net worth individuals with 34 clients and $80.92 million of assets under management. Among the 8 most similar advisory firms, Mba Advisors has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $112.02 million for 153 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.

Mba Advisors doesn't advise any private funds.

Careers at Mba Advisors LLC

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
John Walter Matune	Managing member principal & chief compliance officer	1 Jun 2013	50% - 75%	6223618
Michael Jason Basile	Managing member & principal	1 Jun 2013	50% - 75%	2611256

Based in Hermitage

The principal office where Mba Advisors LLC performs its advisory services is located at 295 N. Kerrwood Dr. Suite 102, Hermitage, PA 16148, 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 724-977-6275. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at matunebasile.com.