Steven Bregman
Steven Bregman is a registered investment advisor at Horizon Kinetics Asset Management LLC, based in New York, NY, with 32 years of industry experience. Steven operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management. Their firm serves 2,098 clients with $9.8B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Horizon Kinetics Asset Management's (HKAM) fees for separately managed accounts (SMAs) are based on the market value of the assets managed. The fee schedule distinguishes between private clients and institutional accounts (minimum $5 million investment). Fees are generally paid quarterly.
For private client accounts, the fee is 1.00% on the first $5 million, 0.95% on the next $5 million, 0.85% on the next $15 million, and 0.75% on amounts over $25 million. The minimum investment is $500,000.
For institutional accounts, fees vary by strategy. Some strategies charge 1.00% on the first $25 million and 0.75% on amounts over $25 million. Other strategies charge 1.00% on the first $5 million, then tiered rates down to 0.45%-0.60% on amounts over $50 million. The minimum investment is generally $5,000,000.
Location
470 Park Avenue South, 4th Floor South, New York, NY, 10016
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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Steven is the president of FRMO Corp., a non-investment related company dealing with intellectual property. This takes about 10-20% of his time.
Employment History
Current Registrations
Horizon Kinetics Asset Management LLC
State Registrations1 state
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