Sandalwood Securities, Inc. (Roseland)
Sandalwood Securities, Inc. is a large advisory firm based in Roseland. It manages $613.78 million of regulatory assets for 10 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of New Jersey and Texas.
Sandalwood Securities provides portfolio management for pooled investment vehicles and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
Sandalwood Securities: assets under management
The assets under management (AUM) of Sandalwood Securities, Inc. is $613.78 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 53% since the beginning of its operation, and $81.13 million of the total AUM is attributable to clients outside of the United States.
Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Sandalwood Securities, Inc. for their services and products based on a percentage of assets under management and performance-based fees. 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 Sandalwood Securities serves?
The only and largest group of clients of Sandalwood Securities is pooled investment vehicles with 10 clients and $613.78 million of assets under management. Among the 11 most similar advisory firms, Sandalwood Securities has the 2nd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $613.78 million for 10 clients. 13% of the firm’s clients are foreign persons or businesses.
Sandalwood Securities also advises several private funds. Namely, one hedge fund, ten other private funds, and one private equity fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.
Careers at Sandalwood Securities, Inc.
The company employs 12 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. No 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 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
Based in Roseland
The principal office where Sandalwood Securities, Inc. performs its advisory services is located at 101 Eisenhower Parkway, Roseland, NJ 07068, 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 973-233-8800 or by fax 973-233-8801. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at sandalwoodsecurities.com.
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