Masonry Capital Management, LLC (Charlottesville)

Masonry Capital Management, LLC is a large advisory firm based in Charlottesville. It manages $100.05 million of regulatory assets for 20 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of New York and Virginia.

Masonry Capital Management provides portfolio management for individuals and small businesses and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Masonry Capital Management: assets under management

The assets under management (AUM) of Masonry Capital Management, LLC is $100.05 million. The firm's AUM has gone down by -9% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $38.43 million in discretionary accounts and $61.61 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.02 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $61.61 million.

Investments

The firm invests in government bonds the most. They account for 44% of the total AUM. The second-largest asset type is exchange traded securities, which make up 31% of the firm’s portfolio. Investments in state and local bonds form 17% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Masonry Capital Management, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Masonry Capital Management serves?

The only and largest group of clients of Masonry Capital Management is pooled investment vehicles with 1 clients and $0 of assets under management. Among the 7 most similar advisory firms, Masonry Capital Management has the highest percentage of pooled investment vehicles out of all clients.

None of the firm’s clients are foreign persons or businesses.

Masonry Capital Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Masonry Capital Management, LLC

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mark Andrew Meulenberg	Managing partner / chief compliance officer / chief investment officer	1 Jan 2018	Other	2555981
Virginia National Bankshares Corporation	Sole member	1 Jan 2018	75% - 100%	46-2331578
Glenn Wilfred Rust	Managing partner	1 Jan 2018	Other	6923841

Based in Charlottesville

The principal office where Masonry Capital Management, LLC performs its advisory services is located at 404 People Place, Charlottesville, VA 22911, which is also the mailing address of the firm. An additional office of the firm is in Hauppauge, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 434-817-4237. The normal business hours are 8:00am to 5:00pm on Monday - Friday.