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

Name	Entity	Date acquired	Ownership	Employer ID
Gte Corporation	Corporate parent	1 Oct 1979	75% - 100%	13-1678633
Gte Llc	Corporate parent	1 Oct 1979	75% - 100%	13-1678633
Marianne Drost	Secretary - director	1 May 1986	Other	4379792
Marianne (Nmn) Drost	Secretary - director	1 May 1986	Other	4379792
Thomas Britton Harris	President - director	1 Nov 1990	Other	4379807
Bruce Joseph Franzese	Chief legal officer & chief compliance officer	1 Sep 2000	Other	1909162
Bruce J Franzese	Chief legal officer	1 Sep 2000	Other	1909162
Marie (Nmn) Logiudice	Chief operations officer	1 Sep 2000	Other	4379809
Frederic Vincent Salerno	Director	1 Oct 2000	Other	4379814
Ezra David Singer	Director	1 Oct 2000	Other	4379816
Lawrence Robert Whitman	Director	1 Oct 2000	Other	4379819
John Francis Killian	Director	1 May 2002	Other	4649878
Doreen Toben	Director	1 May 2002	Other	4649889
Doreen Augustinus Toben	Director	1 May 2002	Other	4649889
David H. Benson	Director	1 Jun 2003	Other	4781643
David Harry Benson	Director	1 Jun 2003	Other	4781643
William J. Raver	Chief operating officer	1 Mar 2004	Other	4781305
William John Raver	Chief operating officer	1 Mar 2004	Other	4781305
Bruce Joseph Franzese	Chief compliance officer	1 Jul 2004	Other	1909162
Marc Christopher Reed	Director	1 Aug 2004	Other	4939139
Ronald H Lataille	President chief investment officer director	1 Nov 2004	Other	5849318
William Frances Heitmann	President-director	1 Dec 2004	Other	4900650
Thomas Albert Bartlett	Director	1 Nov 2005	Other	5120685
David Leland Beik	Chief operating officer	1 Jul 2006	Other	604084
William Frances Heitmann	President chief investment officer-director	1 Jul 2008	Other	4900650
John Francis Killian	Director	1 Mar 2009	Other	4649878
Robert John Barish	Director	1 Mar 2009	Other	5732230
William Lee Horton Jr.	Director	1 Sep 2009	Other	5738921
Francis Shammo	Director	1 Nov 2010	Other	5866379
Michael Theodore Stefanski	Director	1 Sep 2011	Other	6033228
Ronald H Lataille	President chief investment officer director	1 Nov 2011	Other	5849318
Kathleen Horn Leidheiser	Chief compliance officer	1 Jan 2012	Other	6042782
George Brady Connor	Chief operating officer	1 Nov 2012	Other	6170429
George Brady Connor	President chief investment officer director	1 Oct 2013	Other	6170429
Anthony Theodore Skiadas	Director	1 Oct 2013	Other	6258299
Matthew David Ellis	Director	1 Oct 2013	Other	6258680
Laurence Douglas Fulton	Vice president operations	1 Aug 2014	Other	6466697
Stephen Anthony Devaney	Chief legal officer and chief compliance officer	1 Dec 2015	Other	6592626
Scott David Krohn	Director	1 Dec 2015	Other	6165665
Matthew David Ellis	Director	1 Nov 2016	Other	6258680
Scott David Krohn	President and chief investment officer	1 Sep 2017	Other	6165665
Tracy Ann Krause	Director	1 Feb 2018	Other	6820476
Scott David Krohn	President	1 Mar 2018	Other	6165665
Laurence Douglas Fulton	Chief investment officer and vice president operations	1 Apr 2018	Other	6466697

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Verizon Communications Inc.	Corporate parent	1 Jun 2000	75% - 100%	23-2259884

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.