MJB Asset Management

MJB Asset Management

MJB Asset Management opened its doors in 1997 after Richard Bregman left the Private Banking division of a large Wall Street firm — today part of J.P. Morgan Private Bank — to deliver investment management without the intermediation he found in institutional settings. Bregman, a CFA charterholder who holds a Cornell economics degree, a George Washington law degree, and an NYU MBA, operates the New York City-based firm as its sole decision-maker, serving individuals and high-net-worth families across more than 10 US states and several countries overseas. The firm invests exclusively in publicly traded securities, constructing diversified portfolios that blend categories of stocks and fixed-income instruments. MJB does not charge commissions or accept third-party payments; it earns only a fee calculated as a percentage of client assets, billed quarterly. This model removes product-push incentives and aligns manager compensation with portfolio performance — a posture reinforced by the firm's practice of co-investing alongside clients. Bregman has been quoted in The Wall Street Journal, Barron's, and Crain's InvestmentNews on market-related topics, and has appeared on CNN's Business Day and CBS MoneyWatch's Ask the Experts. MJB Asset Management operates as a lean solo practice; Richard Bregman is the sole named professional. The firm handles investment management and ad-hoc financial discussions but does not provide formal financial-planning documents or written plans. Its fiduciary-registered structure and absence of outsourced investment management distinguish it from larger advisory aggregators that rely on model portfolios or centralized investment committees. The firm's clients span multiple geographies, and its website notes no plans to add advisory staff. MJB's structural point of difference is the direct line between client and decision-maker. The firm makes every portfolio decision in-house — from initial goal-setting conversations through each buy and sell execution — and Bregman invests his own capital in the same securities he recommends. For nearly three decades, the practice has maintained a deliberate absence of layers between the person managing the money and the person answering the phone.