Ast Investment Services, Inc. (Shelton)


Ast Investment Services, Inc. is a large advisory firm based in Shelton. It manages $138.27 billion of regulatory assets for 64 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of California, Connecticut, Georgia, and 6 other states.

Ast Investment Services provides portfolio management for investment companies 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.

Ast Investment Services: assets under management

The assets under management (AUM) of Ast Investment Services, Inc. is $138.27 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 300% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.


The firm manages $138.27 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.16 billion each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Ast Investment Services, Inc. for their services and products based on a percentage of assets under management. 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 Stephen Pelletier serves?

The only and largest group of clients of Stephen Pelletier is investment companies with 1 clients and $138.27 billion of assets under management. Among the 10 most similar advisory firms, Ast Investment Services has the highest percentage of investment companies out of all clients.


The amount of regulatory assets under management is $138.27 billion for 1 clients. None of the firm’s clients are foreign persons or businesses.

Ast Investment Services doesn't advise any private funds.

Careers at Ast Investment Services, Inc.

The company employs 65 people that are either part- or full-time employees. 25 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.

Stephen Pelletier has been acting as President since 1 May 2014. Armando (Dino) Capasso joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Inc. Prudential Annuities Direct parent of ast investment services, inc. 1 Oct 1991 75% - 100% 06-1198540
Robert Francis Gunia Executive vice president and director 1 May 2003 Other 1367737
Peter Sayre Controller 1 Aug 2004 Other 5654204
Timothy Sean Cronin President, ceo, coo, officer in charge, and director 1 Jun 2005 Other 2664443
David Roehner Odenath Executive vice president and director 1 Jun 2005 Other 872856
Kathryn Loretta Quirk Vice president, corporate counsel and secretary(functions as chief legal officer) 1 Jun 2005 Other 2094907
Michael Bohm Vice president, chief financial officer & assistant treasurer 1 Mar 2006 Other 5123626
Bernard Joseph Jacob Treasurer 1 Aug 2006 Other 1073137
Valerie Simpson Vice president and chief compliance officer 1 May 2007 Other 4659143
Valerie Marie Simpson Chief compliance officer 1 May 2007 Other 4659143
Stephen Pelletier Executive vice president & director 1 Sep 2008 Other 2298624
Scott Edward Benjamin Executive vice president and director 1 Sep 2009 Other 4385999
Robert Michael Falzon Treasurer 1 Jan 2010 Other 1298213
John Thomas Fleurant Controller 1 Jan 2010 Other 2683258
Mark Sieb Controller 1 Sep 2010 Other 5904421
Mark Sieb Vice president and treasurer 1 Nov 2011 Other 5904421
Lesley Laurita Controller 1 Nov 2011 Other 6133021
Robert Francis O'donnell Executive vice president & director 1 Apr 2012 Other 4768841
Raymond Anthony O'hara Vice president, corporate counsel and secretary (functions as chief legal officer) 1 Jun 2012 Other 6132961
Raymond Anthony O'hara (Iii) Vice president, corporate counsel and secretary (functions as chief legal officer) 1 Jun 2012 Other 6132961
Raymond A O'hara Vice president, corporate counsel and secretary (functions as chief legal officer) 1 Jun 2012 Other 6132961
Bruce Karpati Chief compliance officer 1 May 2013 Other 6195573
Teresa M.G. Gilbreath Chief compliance officer 1 Apr 2014 Other 2007450
Stephen Pelletier Director 1 May 2014 Other 2298624
Chad Alan Earnst Vice president and chief compliance officer 1 Sep 2014 Other 6397459
Chad A. Earnst Chief compliance officer 1 Sep 2014 Other 6397459
Elizabeth Marie Marin Treasurer and vice persident 1 Oct 2014 Other 2499713
Kevin Chaillet Controller 1 Oct 2014 Other 4033178
Lori Dickerson Fouche Executive vice president and director 1 Dec 2015 Other 6598690
Armando (Dino) Capasso Chief compliance officer 1 Jul 2019 Other 7152939

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Inc. Prudential Annuities Holding Company Indirect parent 1 Oct 1991 75% - 100% 13-3921265
Inc. Prudential Financial Shareholder 1 May 2003 75% - 100% 22-3703799

Based in Shelton

The principal office where Ast Investment Services, Inc. performs its advisory services is located at One Corporate Drive, Shelton, CT 06484, which is also the mailing address of the firm. An additional office of the firm is in Newark, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 973-367-7473 or by fax 973-367-7366. The normal business hours are 8:30 am to 5:30 pm on Monday - Friday.