Boyar Asset Management, Inc.

Boyar Asset Management, Inc. is a registered investment adviser established in 1983, based in New York, NY. The firm offers discretionary and non-discretionary investment advisory services to separately managed client accounts, private funds, and a registered investment company. Boyar specializes in undervalued companies and primarily invests in domestic common stocks, convertible securities, warrants, preferred stocks, and debt securities. The firm's investment philosophy focuses on fundamental analysis to identify companies trading below intrinsic value. Boyar charges management fees based on a percentage of assets under management, typically at a rate of 1.5%. The firm manages over $279 million in assets as of December 31, 2022. Clients are primarily individuals, high net worth individuals, investment advisors, institutional investors, charitable organizations, and pension plans. Boyar has not been subject to disciplinary actions and does not engage in soft dollar arrangements. The firm has custody of client funds and securities through a qualified custodian and provides regular account statements to clients. Boyar has investment discretion for client accounts and does not currently use sub-advisors. The firm's investment strategies aim for long-term capital appreciation while considering risks such as economic conditions, operational risks, and regulatory developments. Clients are encouraged to review account statements and reports provided by Boyar.