The Money Men, Inc. (Amherst)

The Money Men, Inc. is a mid-sized advisory firm based in Amherst. It manages $55.96 million of regulatory assets for 465 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida, New York, and Texas.

The Money Men provides portfolio management for individuals and small businesses. 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 Money Men: assets under management

The assets under management (AUM) of The Money Men, Inc. is $55.96 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 55% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $55.96 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $120.34 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 73% of the total AUM. The second-largest asset type is exchange traded securities, which make up 24% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay The Money Men, 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 The Money Men serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of The Money Men is individuals with 205 clients and $44.07 million of assets under management. Among the 3 most similar advisory firms, The Money Men has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $55.96 million for 217 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.

The Money Men doesn't advise any private funds.

Careers at The Money Men, 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
David Joseph Ungaro	Co-president, chief compliance officer	1 Jan 2010	50% - 75%	2057015
Kenneth William Wolf	Co-president	1 Jan 2010	50% - 75%	1879299

Based in Amherst

The principal office where The Money Men, Inc. performs its advisory services is located at 4043 Maple Road, Suite 210 A, Amherst, NY 14226, 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 (716) 768-1463. The normal business hours are 9 - 5 on Monday - Friday.