Wellington Management Hong Kong Limited (Central, Hong Kong)

Name: Wellington Management Hong Kong Limited
Address: 17 F, Two International Finance Centre, Central, Hong Kong
Telephone: 852-2846-6000

Wellington Management Hong Kong Limited is a large advisory firm based in Central, Hong Kong. It manages $10.65 billion of regulatory assets for 46 client accounts. It has been registered with the SEC as an adviser since 2015.

Wellington Management Hong Kong Limited provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and 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.

Wellington Management Hong Kong Limited: assets under management

The assets under management (AUM) of Wellington Management Hong Kong Limited is $10.65 billion. The firm's AUM has grown by 285% since the beginning of its operation, and $7.93 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $9.23 billion in discretionary accounts and $1.41 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $205.16 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.41 billion.

Investments

The firm invests in investment grade corporate bonds the most. They account for 37% of the total AUM. The second-largest asset type is exchange traded securities, which make up 35% of the firm’s portfolio. Investments in sovereign bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wellington Management Hong Kong Limited for their services and products based on a percentage of assets under management, fixed fees, 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 Ray Eugene Helfer serves?

The firm provides services to insurance companies, charitable organizations, pooled investment vehicles, pension and profit sharing plans, and sovereign wealth funds and foreign official institutions. The largest group of clients of Ray Eugene Helfer is insurance companies with 9 clients and $3.14 billion of assets under management. Among the 13 most similar advisory firms, Wellington Management Hong Kong Limited has the highest percentage of insurance companies out of all clients.

The amount of regulatory assets under management is $9.82 billion for 44 clients. 78% of the firm’s clients are foreign persons or businesses.

Wellington Management Hong Kong Limited also advises several private funds. Namely, three other private funds. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Wellington Management Hong Kong Limited

The company employs 87 people that are either part- or full-time employees. 36 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Ray Eugene Helfer has been acting as President since 1 Aug 2010. Cheryl Mcdaniel Duckworth joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ltd. Wellington Management Global Holdings	Shareholder	1 Jan 2003	75% - 100%	04-3306430
Cynthia Mary Clarke	Director	1 Mar 2006	Other	4620397
Charles Sean Argyle	Director	1 Nov 2007	Other	5745883
Ray Eugene Helfer	Director	1 Aug 2010	Other	1370285
Kar On Karen Au	Chief compliance officer	1 Sep 2012	Other	6114600
Scott Matthew Lopez	Director	1 Jan 2015	Other	3005564
Terrence Michael Burgess	Director	1 Jan 2015	Other	2449812
Feng Qian	Director	1 Jan 2015	Other	4392742
Bo Zhang Meunier	Director	1 Dec 2015	Other	6430286
Scott Cameron Geary	Director	1 Oct 2017	Other	2381882
Adam Todd Puritz	Director	1 Oct 2017	Other	1535409
Cedric Roger Pouillart	Director	1 Oct 2017	Other	2854542
Aisling Mary Freiheit	Director	1 Nov 2017	Other	6111297
Cheryl Mcdaniel Duckworth	Director	1 Sep 2018	Other	1917667

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Wellington Group Holdings Llp	Managing partner	1 May 2014	75% - 100%	47-1167553
Wellington Management Group Llp	Managing partner	1 May 2014	75% - 100%	04-2683227
Wellington Investment Advisors Holdings Llp	Shareholder	1 Jan 2015	75% - 100%	47-1144901

Based in Central, Hong Kong

The principal office where Wellington Management Hong Kong Limited performs its advisory services is located at 17 F, Two International Finance Centre, Central, Hong Kong, , which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 852-2846-6000. The normal business hours are 8:30 - 5:30 on Monday - Friday. You can find more information about the New York firm at wellington.com.