Upright Financial Corp (East Hanover)

Upright Financial Corp is an investment adviser to an investment company based in East Hanover. It manages $30.01 million of regulatory assets for 60 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of New Jersey.

Upright Financial Corp provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, pension consulting services, and educational seminars and workshops. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Upright Financial Corp: assets under management

The assets under management (AUM) of Upright Financial Corp is $30.01 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 129% since the beginning of its operation, and $1.1 million of the total AUM is attributable to clients outside of the United States.

The firm manages $30.01 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $500.17 thousand each.

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 Upright Financial Corp for their services and products based on a percentage of assets under management, commissions, 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 Yowshang David Chiueh serves?

The firm provides services to individuals, investment companies, charitable organizations, and pooled investment vehicles. The largest group of clients of Yowshang David Chiueh is individuals with 55 clients and $16.49 million of assets under management. Among the 1 most similar advisory firms, Upright Financial Corp has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $30.01 million for 60 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 10% of the firm’s clients are foreign persons or businesses.

Upright Financial Corp also advises several private funds. Namely, one private equity fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Upright Financial Corp

The company employs 4 people that are either part- or full-time employees. 25 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Yowshang David Chiueh has been acting as President since 1 Jan 1991. Carol Jou joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Yowshang David Chiueh	President	1 Jan 1991	75% - 100%	1758575
Yow Shang Chiueh	Manager	1 Jan 1991	75% - 100%	22-3071044
Carol Jou	Chief compliance officer	1 Jan 2010	Other	5753192
Yowshang David Chiueh	Chief compliance officer	1 Oct 2013	Other	1758575

Based in East Hanover

The principal office where Upright Financial Corp performs its advisory services is located at 349 Ridgedale Ave., East Hanover, NJ 07936, 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 973-533-1818 or by fax 973-743-0800. The normal business hours are 9:30a.m. - 5p.m. on Monday - Friday.