Skandia Asset Management(New York),Inc. (New York)

Skandia Asset Management(New York),Inc. is a large advisory firm based in New York. It manages $6.68 billion of regulatory assets for 28 client accounts. It has been registered with the SEC as an adviser since 2001.

Skandia Asset Management(New York) provides portfolio management for individuals and small businesses and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Skandia Asset Management(New York): assets under management

The assets under management (AUM) of Skandia Asset Management(New York),Inc. is $6.68 billion. The firm's AUM has gone down by -3% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.33 billion in discretionary accounts and $3.35 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $127.93 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.68 billion.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Skandia Asset Management(New York),Inc. for their services and products based on a percentage of assets under management. 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.

Careers at Skandia Asset Management(New York),Inc.

Anders B.E. Kvist has been acting as President since 1 Nov 1998. Johan Anders Jonsson joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Skandia Insurance Company Ltd (Publ) ("Sicl")	Sole shareholder of skha	1 Jun 1986	75% - 100%	98-0164297
Anders B.E. Kvist	Director	1 Nov 1998	Other	4358105
Dnb Holding Asa ("Dnb")	Sole shareholder of dnbh	1 Jan 1999	75% - 100%	foreign entity
Skandia Kapitalforvaltning Holding Aktiebolag ("Skha")	Sole shareholder of ska	1 Mar 1999	75% - 100%	foreign entity
Ulf Georg Spang	Director	1 Mar 1999	Other	4358112
Skandia Kapitalforvaltning Aktiebolag ("Ska")	Sole shareholder of applicant	1 Jun 1999	75% - 100%	foreign entity
Dnb Kapitalforvaltning Holding Ab ("Dkha")	Sole shareholder of dam-ab	1 Jun 1999	75% - 100%	foreign entity
Dnb Asset Management Ab ("Dam Ab")	Sole shareholder of applicant	1 Jun 1999	75% - 100%	foreign entity
Stefan Lars Carlsson	President, ceo & director	1 Nov 1999	Other	4358432
Bjorn Herbert Carlson	Director	1 Mar 2000	Other	4358116
Dnb Financial Holding Ab ("Dnb Fh")	Sole shareholder of dkha	1 Jan 2002	75% - 100%	foreign entity
Johan Anders Jonsson	Director	1 May 2002	Other	4549800
Dnb Asset Management Holding (Sweden) Ab ("Dnbh")	Sole shareholder of dnb-fh	1 May 2002	75% - 100%	foreign entity

Based in New York

The principal office where Skandia Asset Management(New York),Inc. performs its advisory services is located at 52 Vanderbilt Avenue, 12 Th Fl., New York, NY 10017, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.