Broadspan Asset Management L.L.C. (Miami)

Name: Broadspan Asset Management L.L.C.
Address: 1441 Brickell Avenue, Miami, FL, 33131
Telephone: (305) 424-3400

Broadspan Asset Management L.L.C. is a large advisory firm based in Miami. It manages $115 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of Florida.

Broadspan Asset Management L.L.C provides 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.

Broadspan Asset Management L.L.C: assets under management

The assets under management (AUM) of Broadspan Asset Management L.L.C. is $115 million. $115 million of the total AUM is attributable to clients outside of the United States.

Investments

The firm invests in investment grade corporate bonds the most. They account for 55% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 30% of the firm’s portfolio. Investments in sovereign bonds form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Broadspan Asset Management L.L.C. for their services and products based on a percentage of assets under management and performance-based fees. 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.

What kind of clients Broadspan Asset Management L.L.C serves?

The only and largest group of clients of Broadspan Asset Management L.L.C is insurance companies with 0 clients and $25 million of assets under management. Among the 9 most similar advisory firms, Broadspan Asset Management L.L.C has the highest percentage of insurance companies out of all clients.

The amount of regulatory assets under management is $25 million for 0 clients. 65% of the firm’s clients are foreign persons or businesses.

Broadspan Asset Management L.L.C doesn't advise any private funds.

Careers at Broadspan Asset Management L.L.C.

The company employs 4 people that are either part- or full-time employees. 75 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.

Joris Edouard Fletcher joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Broadspan Capital L.L.C.	Shareholder	1 May 2014	75% - 100%	74-2969427
Michael Liam Gerrard	Chief executive officer	1 Dec 2016	Other	3008631
Joris Edouard Fletcher	Chief compliance officer	1 Dec 2016	Other	2899406
Joris Edouard Fletcher	Chief compliance officer	1 Jul 2018	Other	2899406
Teunis Ignacio Egui	Managing director	1 Jul 2018	Other	2448561

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Michael Liam Gerrard	Shareholder	1 Oct 2002	25% - 50%	3008631

Based in Miami

The principal office where Broadspan Asset Management L.L.C. performs its advisory services is located at 1441 Brickell Avenue, Miami, FL 33131, 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 (305) 424-3400. The normal business hours are 9am - 6pm on Monday - Friday. You can find more information about the New York firm at brocap.com/broadspan-asset-management-llc.