Penn Mutual Asset Management, LLC (Horsham)


Penn Mutual Asset Management, LLC is a large advisory firm based in Horsham. It manages $24.81 billion of regulatory assets for 44 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of Pennsylvania.

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

Penn Mutual Asset Management: assets under management

The assets under management (AUM) of Penn Mutual Asset Management, LLC is $24.81 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 16% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $24.81 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $563.88 million each.
Penn Mutual Asset Management has custody of $24.52 billion in cash and securities for 41 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 36% of the total AUM. The second-largest asset type is state and local bonds, which make up 12% of the firm’s portfolio. Investments in government bonds form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Penn Mutual Asset Management, LLC for their services and products based on a percentage of assets under management 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 Eileen Claire Mcdonnell serves?

The firm provides services to insurance companies, investment companies, pooled investment vehicles, corporations or other businesses, and state or municipal government entities. The largest group of clients of Eileen Claire Mcdonnell is insurance companies with 6 clients and $16.2 billion of assets under management. Among the 11 most similar advisory firms, Penn Mutual Asset Management has the 2nd highest percentage of insurance companies out of all clients.

The amount of regulatory assets under management is $24.81 billion for 44 clients. None of the firm’s clients are foreign persons or businesses.

Penn Mutual Asset Management also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Penn Mutual Asset Management, LLC

The company employs 36 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Eileen Claire Mcdonnell has been acting as President since 1 Sep 2010. David Michael O'malley joined the executive team most recently as the Chief Executive Officer, Chairman Of The Board.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
The Penn Mutual Life Insurance Company Owner 1 Jun 1989 75% - 100% 23-0952300
Victoria Marie Robinson Chief compliance officer / chief operating officer 1 Mar 2008 Other 4556827
Eileen Claire Mcdonnell Director 1 Sep 2010 Other 2483663
Susan Twine Deakins Director 1 May 2013 Other 6092512
Keith Gordon Huckerby President, chief marketing officer 1 May 2014 Other 2641591
David Michael O'malley Chief executive officer, chairman of the board 1 Jun 2014 Other 4468593

Based in Horsham

The principal office where Penn Mutual Asset Management, LLC performs its advisory services is located at 600 Dresher Road, Horsham, PA 19044, 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 215-956-8114 or by fax 215-956-8173. The normal business hours are 8:30am to 5:00pm on Monday - Friday. You can find more information about the New York firm at blog.pennmutualam.com.