Matrix Asset Advisors Inc
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$941,443,550
Clients
607
Advisors
5
of 12 employees
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
Expertise
Fee options
$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 fee option offered but none currently in place
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
10 Bank Street, Suite 590
White Plains NY 10606
Advisors at this office
5
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
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Quick links
Advisors at this firm
David K
CFA®
White Plains, NY
Matrix Asset Advisors Inc
David Katz is a CFA® charterholder based in White Plains, NY, with five years of industry experience. He has been with Matrix Asset Advisors Inc since 1986, a firm where he works as part of a team of five advisors. Matrix Asset Advisors is an SEC-registered investment adviser managing approximately $1.4 billion across individual and institutional clients. The firm employs a combination of systematic quantitative screening and fundamental research to build concentrated, risk-controlled portfolios and offers large-cap value, dividend-income equity strategies with ESG overlays, high-quality fixed income, and wealth management services.
Lon B
White Plains, NY
Matrix Asset Advisors Inc
Lon Birnholz is a financial advisor at Matrix Asset Advisors Inc with five years of industry experience. He has been with Matrix Asset Advisors since 1995. Matrix Asset Advisors is an SEC-registered investment adviser managing approximately $1.4 billion for individual and institutional clients. The firm combines systematic quantitative screens with fundamental research to construct concentrated, risk-controlled portfolios and offers value, dividend-income equity strategies with ESG overlays, as well as fixed income and consolidated wealth management services.
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.
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.
Steven R
CFA®
White Plains, NY
Matrix Asset Advisors Inc
Steven Roukis is a CFA® charterholder with five years of industry experience. He is part of the team at Matrix Asset Advisors Inc, where he has been working since 1995. Matrix Asset Advisors is an SEC-registered investment adviser managing approximately $1.4 billion for individual and institutional clients. The firm employs a combination of systematic quantitative screens and fundamental research to construct concentrated, risk-controlled portfolios and offers a range of equity and fixed income strategies alongside a consolidated wealth-management program.
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