Bear Stearns Asset Management Inc. is a large advisory firm based in New York. It manages $174.47 million of regulatory assets for 25 client accounts. It has been registered with the SEC as an adviser since 2012.
Bear Stearns Asset Management provides 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.
The assets under management (AUM) of Bear Stearns Asset Management Inc. is $174.47 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -87% since the beginning of its operation, and $5.26 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Bear Stearns Asset Management Inc. for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The only and largest group of clients of Richard Thomas Madsen is pooled investment vehicles with 25 clients and $174.47 million of assets under management. Among the 11 most similar advisory firms, Bear Stearns Asset Management has the 2nd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $174.47 million for 25 clients. 28% of the firm’s clients are foreign persons or businesses.
Bear Stearns Asset Management also advises several private funds. Namely, ten private equity funds and five securitized asset funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $1,000,000.
The company employs 10 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. No 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 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.
Richard Thomas Madsen has been acting as President since 1 Mar 2015. Megan Ann Mcclellan joined the executive team most recently as the Director/Chief Financial Officer/Managing Director.
The principal office where Bear Stearns Asset Management Inc. performs its advisory services is located at 320 Park Avenue, New York, NY 10022, 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 212-648-2772. The normal business hours are 9 a.m. to 5 p.m. on Monday - Friday.