Asb Capital Management LLC is a large advisory firm based in Bethesda. It manages $25.24 billion of regulatory assets for 104 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.
Asb Capital Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and publication of newsletters. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Asb Capital Management LLC is $25.24 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 203% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Asb Capital 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.
The firm provides services to insurance companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of William F (Mi Only) Mcsweeny is pooled investment vehicles with 6 clients and $23.25 billion of assets under management. Among the 11 most similar advisory firms, Asb Capital Management has the 2nd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $25.24 billion for 75 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Asb Capital Management doesn't advise any private funds.
The company employs 75 people that are either part- or full-time employees. 47 percent of the employees work as investment advisers or researchers. 19 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person 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.
William F (Mi Only) Mcsweeny has been acting as President since 1 Nov 1997. Peter Lindner has served as the Chief Investment Officer since 1 Mar 2004. Patricia Saul Lotuff joined the executive team most recently as the Director.
The principal office where Asb Capital Management LLC performs its advisory services is located at 7501 Wisconsin Avenue, West Tower, Bethesda, MD 20814, which is also the mailing address of the firm. An additional office of the firm is in Palo Alto, CA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 240-482-2900 or by fax 202-482-2904. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at asbinvestmentmanagement.com and its LinkedIn profile.