Amg Funds LLC (Greenwich)

Name: Amg Funds LLC
Address: 600 Steamboat Road, Greenwich, CT, 06830
Telephone: 203-299-3500

Amg Funds LLC is a large advisory firm based in Greenwich. It manages $28.3 billion of regulatory assets for 208 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Amg Funds provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Amg Funds: assets under management

The assets under management (AUM) of Amg Funds LLC is $28.3 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -31% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $28.3 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $136.04 million each.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Amg Funds 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.

What kind of clients Amg Funds serves?

The firm provides services to individuals, investment companies, charitable organizations, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Amg Funds is investment companies with 5 clients and $28.2 billion of assets under management. Among the 4 most similar advisory firms, Amg Funds has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $28.3 billion for 208 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.

Amg Funds doesn't advise any private funds.

Careers at Amg Funds LLC

The company employs 116 people that are either part- or full-time employees. 4 percent of the employees work as investment advisers or researchers. 5 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.

Christopher Randolph Townsend joined the executive team most recently as the Chief Financial Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Tmf Corp	Managing member	1 Apr 1999	75% - 100%	04-3511740
Steven J. Adams	Chief financial officer	1 Jan 2005	Other	4307159
Keitha Lee Kinne	Chief operating officer/cio	1 Jul 2007	Other	2039630
Patrick Joseph Spellman	Chief compliance officer	1 Jan 2011	Other	3086822
Jeffrey Thomas Cerutti	Chief executive officer	1 Apr 2014	Other	2088682
Joseph Edmund Maccone	Head of sales	1 Apr 2014	Other	4273677
Jeffrey Kent Seeley	Head of national accounts	1 Apr 2014	Other	2539223
William Henry Finnegan	Chief marketing officer	1 Oct 2014	Other	2094060
Brian Michael Moran	Head of national accounts	1 Sep 2015	Other	4120793
Christopher Randolph Townsend	Chief financial officer	1 Oct 2015	Other	2060587

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Affiliated Managers Group	Sole shareholder	1 Apr 1999	75% - 100%	04-3218510
Inc. Amg Global	Sole shareholder	1 Dec 2012	75% - 100%	27-2559382
Amg Global	Sole shareholder	1 Dec 2012	75% - 100%	27-2559382

Based in Greenwich

The principal office where Amg Funds LLC performs its advisory services is located at 600 Steamboat Road, Greenwich, CT 06830, which is also the mailing address of the firm. An additional office of the firm is in Conshohocken, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 203-299-3500 or by fax 203-299-3580. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at amgfunds.com.