Ray Mignone & Associates, Inc. is a large advisory firm based in Boynton Beach. It manages $306.81 million of regulatory assets for 690 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Florida and New York.
Ray Mignone & Associates provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Ray Mignone & Associates, Inc. is $306.81 million. The firm's AUM has grown by 47% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Ray Mignone & Associates, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed 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.
The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Raymond David Mignone is high net worth individuals with 117 clients and $290.36 million of assets under management. Among the 9 most similar advisory firms, Ray Mignone & Associates has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $306.81 million for 150 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.
Ray Mignone & Associates doesn't advise any private funds.
The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.
Raymond David Mignone has been acting as President since 1 Jan 1997. William Alan Nelson Ii joined the executive team most recently as the Chief Compliance Officer.
The principal office where Ray Mignone & Associates, Inc. performs its advisory services is located at 10649 Whitewind Cir., Boynton Beach, FL 33473, which is also the mailing address of the firm. An additional office of the firm is in Little Neck, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 718-229-2514 or by fax 815-642-8749. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at raymignone.com.