Magellan Asset Management Limited (Sydney, Nsw)

Magellan Asset Management Limited is a large advisory firm based in Sydney, Nsw. It manages $62.05 billion of regulatory assets for 80 client accounts. It has been registered with the SEC as an adviser since 2011.

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

Magellan Asset Management Limited: assets under management

The assets under management (AUM) of Magellan Asset Management Limited is $62.05 billion. The firm's AUM has grown by 2220% since the beginning of its operation, and $50.75 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $57.65 billion in discretionary accounts and $4.4 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $768.64 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $879.74 million.

Investments

The firm invests in exchange traded securities the most. They account for 94% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 6% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Magellan Asset Management Limited 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 Magellan Asset Management Limited serves?

The firm provides services to investment companies, pooled investment vehicles, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Magellan Asset Management Limited is pooled investment vehicles with 20 clients and $18.86 billion of assets under management. Among the 7 most similar advisory firms, Magellan Asset Management Limited has the 3rd lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $43.02 billion for 58 clients. 75% of the firm’s clients are foreign persons or businesses.

Magellan Asset Management Limited also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons ranges from $6,738 to $5,000,000.

Careers at Magellan Asset Management Limited

The company employs 109 people that are either part- or full-time employees. 37 percent of the employees work as investment advisers or researchers. No 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 Eales joined the executive team most recently as the Non Executive Director.

Direct owners and executive officers

Based in Sydney, Nsw

The principal office where Magellan Asset Management Limited performs its advisory services is located at Mlc Centre Level 36, Sydney, Nsw, 2000, which is also the mailing address of the firm. An additional office of the firm is in Northbrook, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number +61-2-9235-4888 or by fax +61-2-9235-4800. The normal business hours are 8.30am - 5.30pm on Monday - Friday. You can find more information about the New York firm at magellangroup.com.au and its LinkedIn profile.

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