Ascension Investment Management, LLC is a large advisory firm based in Clayton. It manages $40.91 billion of regulatory assets for 14 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of Missouri.
Ascension Investment Management provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, 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.
The assets under management (AUM) of Ascension Investment Management, LLC is $40.91 billion. The firm's AUM has grown by 38% since the beginning of its operation, and $56.67 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Ascension Investment Management, LLC for their services and products based on a percentage of assets under management and fixed 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.
The firm provides services to charitable organizations and pooled investment vehicles. The largest group of clients of Joseph Raymond Impicciche is pooled investment vehicles with 1 clients and $16.8 billion of assets under management. Among the 6 most similar advisory firms, Ascension Investment Management has the 3rd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $32.4 billion for 8 clients. 18% of the firm’s clients are foreign persons or businesses.
Ascension Investment Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.
The company employs 28 people that are either part- or full-time employees. 46 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.
Joseph Raymond Impicciche has been acting as President since 1 Dec 2011. David Edward Erickson has served as the Chief Investment Officer since 1 Jan 2011. Anthony Rocco Tersigni joined the executive team most recently as the Director.
The principal office where Ascension Investment Management, LLC performs its advisory services is located at 101 S. Hanley Rd., Clayton, MO 63105, 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 314-733-8000 or by fax 314-733-8474. The normal business hours are 8 a.m. - 4 p.m. on Monday - Friday. You can find more information about the New York firm at ascensioninvestmentmanagement.com.