1839 Asset Management LLC (Plano)

1839 Asset Management LLC is a large advisory firm based in Plano. It manages $101.3 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of Texas.

1839 Asset Management provides 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.

1839 Asset Management: assets under management

The assets under management (AUM) of 1839 Asset Management LLC is $101.3 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 290% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $101.3 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $20.26 million each.

1839 Asset Management has custody of $101.3 million in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay 1839 Asset Management LLC 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 1839 Asset Management serves?

The firm provides services to insurance companies and pooled investment vehicles. The largest group of clients of 1839 Asset Management is insurance companies with 4 clients and $87.04 million of assets under management. Among the 8 most similar advisory firms, 1839 Asset Management has the highest percentage of insurance companies out of all clients.

The amount of regulatory assets under management is $101.3 million for 5 clients. None of the firm’s clients are foreign persons or businesses.

1839 Asset Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at 1839 Asset Management LLC

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Sharon Koh	Member	1 Apr 2013	25% - 50%	6877803
Vincent Michael Spreuwenberg	Managing member and chief compliance officer	1 Apr 2013	50% - 75%	2006527

Based in Plano

The principal office where 1839 Asset Management LLC performs its advisory services is located at 7950 Legacy Drive, Plano, TX 75024, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 917-797-3452. The normal business hours are 8:00 am - 5:00pm on Monday - Friday.