Boyar Asset Management, Inc.

Boyar Asset Management provides discretionary and non‑discretionary portfolio management to separately managed accounts and acts as investment adviser to pooled vehicles, including two private limited‑partnership funds and an open‑end registered investment company trading as BOYAX. The firm also serves a mix of clients — individual and high‑net‑worth investors, other advisers, and institutional investors — and offers sub‑advisory services to certain non‑discretionary accounts.

The firm emphasizes fundamental, value‑oriented analysis, seeking companies trading below its estimate of intrinsic value and typically holding positions for extended periods; accounts may be concentrated and the adviser historically has had low portfolio turnover, while retaining flexibility to trade as warranted. SMA management is tailored to each client’s objectives and risk tolerances, whereas the pooled vehicles operate under governing documents that can include notice periods, lock‑ups, and withdrawal provisions.

Boyar is distinctive among peers for concurrently managing a registered investment company and private pooled funds and for accepting performance‑based compensation for its pooled vehicles. The firm also operates affiliated entities that act as fund sponsors and publish compensated research sold to institutional subscribers, and it discloses procedures such as blackout periods, pre‑clearance and trade‑allocation policies intended to mitigate related conflicts of interest.