Sprott Asset Management Usa Inc. (Carlsbad)

Name: Sprott Asset Management Usa Inc.
Address: 1910 Palomar Point Way, Carlsbad, CA, 92008
Telephone: 760-444-5254

Sprott Asset Management Usa Inc. is a large advisory firm based in Carlsbad. It manages $131.56 million of regulatory assets for 588 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Sprott Asset Management U provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Sprott Asset Management U: assets under management

The assets under management (AUM) of Sprott Asset Management Usa Inc. is $131.56 million. The firm's AUM has gone down by -77% since the beginning of its operation, and $3.31 million of the total AUM is attributable to clients outside of the United States.

The firm manages $108.22 million in discretionary accounts and $23.34 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $184.37 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $23.34 million.

Investments

The firm invests in exchange traded securities the most. They account for 72% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 28% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sprott Asset Management Usa Inc. for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients John Anthony Ciampaglia serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of John Anthony Ciampaglia is individuals with 424 clients and $51.29 million of assets under management. Among the 7 most similar advisory firms, Sprott Asset Management U has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $131.56 million for 588 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 4% of the firm’s clients are foreign persons or businesses.

Sprott Asset Management U also advises several private funds. Namely, one private equity fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Sprott Asset Management Usa Inc.

The company employs 27 people that are either part- or full-time employees. 59 percent of the employees work as investment advisers or researchers. 19 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

John Anthony Ciampaglia has been acting as President since 1 Dec 2011. Robert Virgil Villaflor joined the executive team most recently as the Chief Executive Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Arthur Richards Rule	President	1 Dec 2005	Other	1441130
Jeffrey Howard	Chief executive officer	1 Dec 2005	Other	2246364
Gretchen Marie Carter	Chief financial officer	1 Dec 2005	Other	2614368
Ria Marlene Gost	Chief compliance officer	1 Dec 2005	Other	2762417
Sprott U.S. Holdings Inc.	Owner	1 Feb 2011	75% - 100%	27-4972735
John Anthony Ciampaglia	Director	1 Dec 2011	Other	5766085
Peter Fritz Grosskopf	Director	1 Dec 2011	Other	4838126
Steven Paul Rostowsky	Director	1 Dec 2011	Other	4381120
Gretchen Marie Carter	Chief compliance officer	1 Jul 2012	Other	2614368
Thomas Wayne Ulrich	In-house counsel & chief compliance officer	1 Oct 2012	Other	3071768
Kevin Hibbert	Director	1 Jan 2016	Other	6627459
Robert Virgil Villaflor	Chief executive officer	1 Jul 2016	Other	2202057

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Sprott Inc.	Shareholder	1 Feb 2011	75% - 100%	foreign

Based in Carlsbad

The principal office where Sprott Asset Management Usa Inc. performs its advisory services is located at 1910 Palomar Point Way, Carlsbad, CA 92008, which is also the mailing address of the firm. An additional office of the firm is in Darien, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 760-444-5254 or by fax 760-683-6885. The normal business hours are 6:00 a.m. - 4 p.m. on Monday - Friday. You can find more information about the New York firm at sprottusa.com.