Municipal Asset Management provides portfolio management for individuals and small businesses and portfolio management for institutions.
Municipal Asset Management reports 21 clients. They include 16 high-net-worth individuals and 5 individual clients. Of its assets, 100.0% ($113M across 25 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 24% | 2% |
| High-net-worth individuals | 76% | 88% |
| Pension and profit-sharing plans | Fewer than 5 | <1% |
| Corporations and other businesses | Fewer than 5 | 1% |
| Other | Fewer than 5 | 8% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 5 | $2.65M | 2.3% | $530K |
| High-net-worth individuals | 16 | $99.4M | 88.1% | $6.21M |
| Pension and profit-sharing plans | Fewer than 5 | $9.78K | 0.0% | — |
| Corporations and other businesses | Fewer than 5 | $1.54M | 1.4% | — |
| Other | Fewer than 5 | $9.25M | 8.2% | — |
| Total | 21 | $113M | 100% | — |
- Clients
- 5
- Regulatory AUM
- $2.65M
- AUM share
- 2.3%
- Avg. per client
- $530K
- Clients
- 16
- Regulatory AUM
- $99.4M
- AUM share
- 88.1%
- Avg. per client
- $6.21M
- Clients
- Fewer than 5
- Regulatory AUM
- $9.78K
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $1.54M
- AUM share
- 1.4%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $9.25M
- AUM share
- 8.2%
- Avg. per client
- —
Total
- Clients
- 21
- Regulatory AUM
- $113M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Municipal Asset Management charges 0.28%–1.00% a year for its Portfolio management. The fee is billed in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- One-time review and recommendations
- A one-time review and recommendations for a specified goal may be provided for a fixed or hourly fee stated in the agreement, which is negotiable.
Marcy Mashioff owns 50% to 75% of Municipal Asset Management. The leadership team of Municipal Asset Management includes President Marcy Mashioff. It has 3 employees.
Leadership
- Marcy MashioffPresident, Director,treasurer,chief Compliance Officer
- Vivian DeanSecretary
- John ObrienRetired
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
Staff
- 3 employees
- 3 in advisory functions
- Owns 50% to 75% of Municipal Asset Management Inc
Marcy Mashioff
Control person · since April 1993
- Owns 25% to 50% of Municipal Asset Management Inc
John Obrien
Control person · since October 2021
Municipal Asset Management’s regulatory assets fell from $492M (March 2021) to $113M (March 2026); clients fell from 36 to 21 and employees from 4 to 3.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $113M | 21 | 3 | 1 |
| March 2025 | $109M | 21 | 3 | 1 |
| March 2024 | $121M | 18 | 3 | 1 |
| March 2023 | $116M | 18 | 3 | 1 |
| March 2022 | $352M | 32 | 3 | 1 |
| March 2021 | $492M | 36 | 4 | 1 |
Besides its headquarters, Municipal Asset Management has 0 offices, with 1 listed address in New York.
New York · 1 listed address
- 3 International Drive, Suite 100, Rye BrookHQ
Contact and registration details
- Legal name
- Municipal Asset Management Inc
- Headquarters
- 3 International Drive, Suite 100, Rye Brook, NY 10573
- Website
- maminvestments.com
- Phone
- 212-935-8313
- SEC file
- 801-46631
- Structure
- Delaware corporation
- Fiscal year end
- December
Municipal Asset Management uses Wells Fargo Clearing Services ($101M) as custodian for its separately managed accounts. Municipal Asset Management does not have custody of client assets.
- Wells Fargo Clearing ServicesWells Fargo Clearing Services, LLC · St. Louis, MO · $101M100%
At year end, Municipal Asset Management’s separately managed accounts were mostly in bonds (86%).
What the accounts hold
- Stocks2%
- Funds9%
- Bonds86%
- State and local bonds73%
- Investment grade corporate bonds9%
- U.S. government and agency bonds4%
- Cash3%
How many clients does Municipal Asset Management have?
Municipal Asset Management has 21 clients and manages $113 million for them, as of March 2026. They include 16 high-net-worth individuals and 5 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026
What services does Municipal Asset Management offer?
Municipal Asset Management provides portfolio management for individuals and small businesses and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Municipal Asset Management charge?
Municipal Asset Management charges 0.28%–1.00% a year for its Portfolio management. The fee is billed in arrears and is negotiable.
Which custodians does Municipal Asset Management use?
Municipal Asset Management’s separately managed account assets are held at Wells Fargo Clearing Services, LLC (St. Louis, MO), with $101M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 March 2026
How many financial advisors does Municipal Asset Management have?
Municipal Asset Management has 0 investment adviser representatives registered with state securities authorities, out of 3 employees, and 3 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Municipal Asset Management invest in?
At the end of its last fiscal year, Municipal Asset Management’s separately managed accounts held 73% state and local bonds, 9% investment grade corporate bonds, 9% registered funds (mutual funds, ETFs, BDCs), 4% U.S. government and agency bonds, 3% cash and equivalents and 2% exchange-traded equities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Municipal Asset Management?
Municipal Asset Management’s direct owners are Marcy Mashioff (50% to 75%) and John Obrien (25% to 50%).
Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026
How does Municipal Asset Management get paid?
Municipal Asset Management is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Municipal Asset Management?
Municipal Asset Management’s main office is at 3 International Drive, Suite 100, Rye Brook, NY 10573. Its phone number is 212-935-8313. Its website is maminvestments.com.