Matrix Asset Advisors Inc

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Client assets under management

$941,443,550

Clients

607

63% high-net worth

Advisors

of 12 employees

Firm type

Team

4-10 advisors or $500M+ in AUM

Clients per advisor

152

Very High

Average account size

$1,550,978

About

Matrix Asset Advisors is an SEC‑registered investment adviser managing roughly $1.4 billion for a mix of individual and institutional clients, including taxable and tax‑exempt accounts, corporate retirement plans, and registered investment companies. The firm offers large‑capitalization value and dividend‑income equity strategies (with ESG overlays), high‑quality fixed income strategies, and a consolidated wealth-management program that can allocate to external managers and funds it advises or sub‑advises.

Matrix combines systematic quantitative screens with detailed fundamental research and committee oversight to construct concentrated, risk‑controlled portfolios (typically 25–40 positions for its Large Cap Value strategy and 20–30 for Dividend Income) and uses explicit buy/sell targets across accounts. The firm also serves as a 401(k) plan coordinator, delivers model portfolios through third‑party platform providers, and accommodates borrowing/margin in separately managed accounts while including margined assets in its advisory‑fee calculations.

Compared with many peer teams, Matrix routinely performs roles that are less common for similarly sized firms: it acts as adviser and sub‑adviser to registered investment companies, participates in wrap‑fee and UMA/platform arrangements, and maintains consulting relationships with plan administrators and other advisers. The firm is employee‑owned by multiple partners, uses negotiated soft‑dollar and research arrangements, and delegates certain operational functions (for example, proxy voting and class‑action monitoring) to independent service providers, reflecting a hybrid model that combines in‑house portfolio management with external manager and vendor relationships.

Client services

Financial planning Portfolio management Pension consulting

Consulting agreement with moneypaper advisor inc.

Expertise

Active portfolio management ESG / Sustainable investing Retirement plans for business owners (SEP, solo 401k) Wealth management

Fee options

Percentage

$0 - $1,000,000: 1.00% $1,000,001 - $5,000,000: 0.90% $5,000,001 - $10,000,000: 0.80% $10,000,001 - $25,000,000: 0.75% $25,000,001 - $50,000,000: 0.65% $50,000,001 - $100,000,000: 0.55% $100,000,001+: 0.45%

Performance-based

Performance-based fee option offered but none currently in place

Other

Account minimum: $500,000 for standard fee accounts; $100,000 for Matrix Dividend Income (MDI) strategy accounts; $10,000,000 for incentive fee arrangements

Main office location

Matrix Asset Advisors Inc

10 Bank Street, Suite 590

White Plains NY 10606, United States

Number of offices

Most active in

Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming

Disclosures

Business activities & affiliations

Is not active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure Form ADV Part 3: Client Relationship

Quick links

LinkedIn Website 212-486-2004

Advisors at this firm

David K

CFA®

White Plains, NY

Matrix Asset Advisors Inc

David Katz is a CFA® charterholder with four years of industry experience. He is affiliated with Matrix Asset Advisors Inc, a firm where he has been associated since 1986. Matrix Asset Advisors is an employee-owned investment adviser serving individuals, high-net-worth clients, and institutional accounts, including municipalities, endowments, and retirement plans. The firm offers discretionary portfolio management, retirement-plan consulting, and model-portfolio services, focusing on large-capitalization value and dividend income strategies that combine quantitative screening with fundamental research.

Active portfolio management ESG / Sustainable investing Retirement plans for business owners (SEP, solo 401k) Wealth management

Stephan W

CFA®, Series 65

White Plains, NY

Matrix Asset Advisors Inc

Stephan Weinberger is a CFA® charterholder with 18 years of industry experience. He has been with Matrix Asset Advisors Inc since 2010 and also has a long tenure at Armstrong Shaw Associates Inc. Matrix Asset Advisors is an SEC-registered, employee-owned investment adviser serving individuals, high-net-worth clients, and institutional accounts. The firm offers discretionary portfolio management, retirement-plan consulting, and model-portfolio services, focusing on disciplined large-cap value and dividend income strategies that combine quantitative screening with fundamental research.

Active portfolio management ESG / Sustainable investing Retirement plans for business owners (SEP, solo 401k) Wealth management

Jordan P

Series 63

White Plains, NY

Matrix Asset Advisors Inc

Jordan Posner is a financial advisor at Matrix Asset Advisors Inc with 33 years of industry experience. He holds a Series 63 designation and has worked at Matrix since 2005, following a 12-year tenure at Quasar Distributors, LLC. Matrix Asset Advisors is an employee-owned investment adviser serving individuals, high-net-worth clients, and institutional accounts, including municipalities and retirement plans. The firm employs disciplined large-capitalization value and dividend income strategies, combining quantitative screening with fundamental research, and offers ESG-overlay options along with fixed-income portfolios.

Active portfolio management ESG / Sustainable investing Retirement plans for business owners (SEP, solo 401k) Wealth management

Steven R

CFA®

White Plains, NY

Matrix Asset Advisors Inc

Steven Roukis is a CFA® charterholder with four years of industry experience at Matrix Asset Advisors Inc, where he has worked since 1995. He is based in White Plains, NY, and is part of a seven-advisor team at the firm. Matrix Asset Advisors is an employee-owned investment adviser serving individuals, high-net-worth clients, and institutional accounts, including municipalities and retirement plans. The firm employs a disciplined large-cap value and dividend income strategy, combining quantitative screens with fundamental research, and offers ESG-overlay options along with fixed-income products.

Active portfolio management ESG / Sustainable investing Retirement plans for business owners (SEP, solo 401k) Wealth management

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