Verizon Investment Management Corp. (Basking Ridge)

Verizon Investment Management Corp. is a large advisory firm based in Basking Ridge. It manages $51.44 billion of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdiction of New Jersey.

Verizon Investment Management Corp provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, 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.

Verizon Investment Management Corp: assets under management

The assets under management (AUM) of Verizon Investment Management Corp. is $51.44 billion. The firm's AUM has gone down by -38% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $51.02 billion in discretionary accounts and $414.48 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $5.1 billion each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $414.48 million.

Verizon Investment Management Corp has custody of $1.12 billion in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 36% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 35% of the firm’s portfolio. Investments in government bonds form 7% of the total invested assets.

What kind of clients Marc Christopher Reed serves?

The firm provides services to insurance companies, charitable organizations, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Marc Christopher Reed is pension and profit sharing plans with 4 clients and $50.08 billion of assets under management. Among the 6 most similar advisory firms, Verizon Investment Management Corp has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $51.21 billion for 7 clients. None of the firm’s clients are foreign persons or businesses.

Verizon Investment Management Corp also advises several private funds. Namely, one other private fund.

Careers at Verizon Investment Management Corp.

The company employs 14 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. No 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.

Marc Christopher Reed has been acting as President since 1 Aug 2004. Laurence Douglas Fulton joined the executive team most recently as the Chief Investment Officer And Vice President Operations.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 1 indirect owner.

Based in Basking Ridge

The principal office where Verizon Investment Management Corp. performs its advisory services is located at One Verizon Way, Basking Ridge, NJ 07920, 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 908-559-2541 or by fax 908-630-0810. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday.