Ray Mignone & Associates, Inc. (Boynton Beach)

Name: Ray Mignone & Associates, Inc.
Address: 10649 Whitewind Cir., Boynton Beach, FL, 33473
Telephone: 718-229-2514

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.

Ray Mignone & Associates: assets under management

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 firm manages $288.91 million in discretionary accounts and $17.9 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $447.23 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $406.8 thousand.

Ray Mignone & Associates has custody of $6.62 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 98% of the total AUM. The second-largest asset type is exchange traded securities, which make up 1% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

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. 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 Raymond David Mignone serves?

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.

Careers at Ray Mignone & Associates, Inc.

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Raymond David Mignone	President/chief compliance officer	1 Jan 1997	75% - 100%	4387662
William Alan Nelson Ii	Chief compliance officer	1 Oct 2017	Other	6851673
Mercer Advisors Inc.	Parent company	1 Oct 2017	75% - 100%	262459836

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Genstar Capital	Shareholder	1 May 2015	75% - 100%	156932
Lovell Minnick Equity Partners Iii	Shareholder	1 Aug 2016	Other	26-2230767

Based in Boynton Beach

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.