{"url":"https://nivawealth.com/firms/municipal-asset-management-108320","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/108320","regulatoryAum":112833152,"crd":"108320","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"7433378","suffix":null,"lastName":"Dean","firstName":"Vivian","middleName":"Pan"},{"crd":"1042512","suffix":null,"lastName":"MASHIOFF","firstName":"MARCY","middleName":"ANNETTE"},{"crd":"7433463","suffix":null,"lastName":"Montaquiza","firstName":"David","middleName":null}],"total":3,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-31","regulatoryAum":491693844,"clients":36,"employees":4,"offices":1},{"filedOn":"2022-03-31","regulatoryAum":352256083,"clients":32,"employees":3,"offices":1},{"filedOn":"2023-03-31","regulatoryAum":116206483,"clients":18,"employees":3,"offices":1},{"filedOn":"2024-03-29","regulatoryAum":120793571,"clients":18,"employees":3,"offices":1},{"filedOn":"2025-03-31","regulatoryAum":109365008,"clients":21,"employees":3,"offices":1},{"filedOn":"2026-03-30","regulatoryAum":112833152,"clients":21,"employees":3,"offices":1}],"secFileNumber":"801-46631","legalName":"Municipal Asset Management Inc","displayName":"Municipal Asset Management","slug":"municipal-asset-management-108320","website":"https://maminvestments.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Delaware corporation","fiscalYearEnd":"December","headquarters":{"street":"3 International Drive, Suite 100","city":"Rye Brook","state":"NY","stateName":"New York","country":"United States","postalCode":"10573"},"tradeNames":[],"registration":{"secApproved":"31 May 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person, since April 1993."},{"label":"John Obrien","detail":"Retired in the 25% to 50% ownership band and a control person, since October 2021."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"New York","offices":1,"addresses":[{"street":"3 International Drive, Suite 100","city":"Rye Brook","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"212-935-8313","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Other"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":2},{"label":"U.S. government/agency bonds","percent":4},{"label":"U.S. state and local bonds","percent":73},{"label":"Investment grade corporate bonds","percent":9},{"label":"Securities issued by registered investment companies or business development companies","percent":9},{"label":"Cash and cash equivalents","percent":3}],"privateFunds":0},"sources":{"adv1FilingDate":"30 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/108320/PDF/108320.pdf","brochureDate":"30 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1033122","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Municipal Asset Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Municipal Asset Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Municipal Asset Management charge?","answer":"Municipal Asset Management charges 0.28%–1.00% a year for its Portfolio management. The fee is billed in arrears and is negotiable.","source":"MUNICIPAL ASSET MANAGEMENT, filed 30 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Municipal Asset Management use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Municipal Asset Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Municipal Asset Management invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Municipal Asset Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Municipal Asset Management get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Municipal Asset Management?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 30 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}