Sheer Asset Management (New York)

Sheer Asset Management is a large advisory firm based in New York. It manages $327 million of regulatory assets for 385 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Connecticut, Georgia, and 5 other states.

Sheer Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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.

Sheer Asset Management: assets under management

The assets under management (AUM) of Sheer Asset Management is $327 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -44% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $327 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $849.35 thousand each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sheer Asset Management 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.

Careers at Sheer Asset Management

David Sheer has been acting as President since 1 Mar 2002. Adam Sheer joined the executive team most recently as the President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Arthur Howard Sheer	Ceo	1 Nov 1990	75% - 100%	1450672
Adam Sheer	Director of marketing	1 Sep 1993	Other	2605605
David Sheer	Vice president	1 Mar 1996	Other	4373414
David Sheer	Director	1 Mar 2002	Other	4373414
Adam Sheer	President	1 Mar 2002	Other	2605605
Sven Erik Hsia	Chief compliance officer managing director	1 Mar 2002	Other	251764
Donald John Guarino	Managing director	1 Mar 2002	Other	4555619
Bernard Spear	Managing director	1 Mar 2002	Other	1235117
Tweed Roosevelt	Managing director	1 Mar 2002	Other	1851278

Based in New York

The principal office where Sheer Asset Management performs its advisory services is located at 444 Madison Avenue, Ste 605, New York, NY 10022, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.