Asa Managed Account Managers LLC (Minnetonka)

Name: Asa Managed Account Managers LLC
Address: 601 Carlson Parkway, Minnetonka, MN, 55305
Telephone: 952 847-2450

Asa Managed Account Managers LLC is a large advisory firm based in Minnetonka. It manages $237.69 million of regulatory assets for 81 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Minnesota.

Asa Managed Account Managers provides portfolio management for individuals and small businesses, 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.

Asa Managed Account Managers: assets under management

The assets under management (AUM) of Asa Managed Account Managers LLC is $237.69 million. The firm's AUM has gone down by -60% since the beginning of its operation, and $2.51 million of the total AUM is attributable to clients outside of the United States.

The firm manages $233.61 million in discretionary accounts and $4.09 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.29 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $408.7 thousand.

Asa Managed Account Managers has custody of $35.62 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in state and local bonds the most. They account for 56% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 33% of the firm’s portfolio. Investments in other assets form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Asa Managed Account Managers LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Asa Managed Account Managers serves?

The firm provides services to charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Asa Managed Account Managers is corporations or other businesses with 4 clients and $123.93 million of assets under management. Among the 11 most similar advisory firms, Asa Managed Account Managers has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $237.69 million for 72 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 3% of the firm’s clients are foreign persons or businesses.

Asa Managed Account Managers also advises several private funds. Namely, one hedge fund and one other private fund. The minimum investment commitment required of non-related persons ranges from $500,000 to $1,000,000.

Based in Minnetonka

The principal office where Asa Managed Account Managers LLC performs its advisory services is located at 601 Carlson Parkway, Minnetonka, MN 55305, 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 952 847-2450 or by fax 952 847-2451. The normal business hours are 8:00 am to 5:00 pm cst on Monday - Friday. You can find more information about the New York firm at asallc.com.