Brookfield Asset Management Pic Us, LLC (New York)

Name: Brookfield Asset Management Pic Us, LLC
Address: Brookfield Place, New York, NY, 10281 1023
Telephone: 212-417-7000

Brookfield Asset Management Pic Us, LLC is a large advisory firm based in New York. It manages $75.66 billion of regulatory assets for 76 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdiction of New York.

Brookfield Asset Management Pic Us provides 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.

Brookfield Asset Management Pic Us: assets under management

The assets under management (AUM) of Brookfield Asset Management Pic Us, LLC is $75.66 billion. The firm's AUM has grown by 177209% since the beginning of its operation, and $11.66 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $73.02 billion in discretionary accounts and $2.64 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.06 billion each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $376.88 million.

Brookfield Asset Management Pic Us has custody of $75.18 billion in cash and securities for 69 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Brookfield Asset Management Pic Us, LLC for their services and products based on a percentage of assets under management 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 David Joseph Stalter serves?

The only and largest group of clients of David Joseph Stalter is pooled investment vehicles with 75 clients and $75.56 billion of assets under management. Among the 7 most similar advisory firms, Brookfield Asset Management Pic Us has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $75.56 billion for 75 clients. 18% of the firm’s clients are foreign persons or businesses.

Brookfield Asset Management Pic Us also advises several private funds. Namely, three hedge funds, sixty real estate funds, and four private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $100,000,000.

Careers at Brookfield Asset Management Pic Us, LLC

The company employs 754 people that are either part- or full-time employees. 100 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.

David Joseph Stalter has been acting as President since 1 Nov 2010. Busc Finance Llc joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Brian Douglas Lawson	Senior managing partner & cfo of brookfield asset management inc.	1 Feb 2002	Other	5718636
James Bruce Flatt	Senior managing partner & ceo of brookfield asset management inc.	1 Mar 2002	Other	5718634
Jeffrey Miles Blidner	Senior managing partner of brookfield asset management	1 Jan 2003	Other	6775294
Joseph Stuart Freedman	Senior managing partner of brookfield asset management inc.	1 Apr 2003	Other	5718637
Barry Stuart Blattman	Director, president and treasurer	1 Jul 2009	Other	1790219
Brookfield Us Corporation	Member	1 Jul 2009	75% - 100%	51-0344540
Craig James Laurie	Director and treasurer	1 Jul 2009	Other	5718545
Asha Kamaria Richards	Chief compliance officer, director and secretary	1 Aug 2009	Other	5718535
Barry Stuart Blattman	Senior managing partner of brookfield asset management inc.	1 Jan 2010	Other	1790219
Brett Matthew Fox	Director	1 Jul 2010	Other	5867947
Brett Fox	Director	1 Jul 2010	Other	5867947
David Joseph Stalter	Director	1 Nov 2010	Other	5867903
David J. Stalter	Director	1 Nov 2010	Other	5867903
Dana Smith	Chief compliance officer	1 Sep 2011	Other	1798172
William Powell	Senior managing partner of brookfield asset management inc.	1 Jan 2012	Other	6930112
Ronald Fisher Dayn	Regulatory counsel and chief compliance officer	1 Nov 2013	Other	6257213
Brookfield Property Group Llc	Member	1 Mar 2014	75% - 100%	45-0909730
John Marcus Stinebaugh	Director	1 Jul 2015	Other	3052024
Brian William Kingston	Director	1 Jul 2015	Other	5775857
Richard B Clark	Director	1 Jul 2015	Other	6631857
Bryan Kenneth Davis	Chief financial officer	1 Jul 2015	Other	4653723
Murray Goldfarb	Managing partner	1 Jul 2015	Other	6607599
David Douglas Arthur	Managing partner	1 Jul 2015	Other	6121959
Brian William Kingston	Chief executive officer	1 Nov 2015	Other	5775857
Richard B Clark	Chairman	1 Nov 2015	Other	6631857
Sophie Fallman	Managing partner	1 Apr 2016	Other	6776517
Brett Matthew Fox	Director	1 Sep 2016	Other	5867947
Jay Robert Cornforth	Managing partner	1 Jan 2017	Other	4650250
Lowell Grant Baron	Managing partner	1 Jan 2017	Other	2943048
Ariel Szin	Managing partner	1 Mar 2017	Other	6776518

Indirect Owners

The SEC currently registers 12 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Brookfield Holdings Canada Inc.	Shareholder	1 Jan 2002	75% - 100%	98-0619543
Brookfield Holdings Canada Inc.	Shareholder	1 Dec 2002	75% - 100%	10-4644893
Brookfield Us Holdings Inc.	Shareholder	1 Jan 2003	75% - 100%	51-0344540
Brookfield Asset Management Inc.	Shareholder	1 Dec 2005	75% - 100%	00-000000
Brookfield Asset Management Inc.	Shareholder	1 Jan 2012	75% - 100%	98-0521601
Brookfield Holdings Canada Inc.	Shareholder	1 Jan 2012	75% - 100%	98-0619543
Brookfield Us Corporation	Member	1 Mar 2014	75% - 100%	51-0344540
Brookfield Us Corporation	Shareholder	1 Jan 2016	75% - 100%	51-0344540
Brookfield Us Inc.	Shareholder	1 Jan 2016	75% - 100%	22-3335453
Busc Finance Llc	Member	1 Jun 2016	75% - 100%	81-1581847
Busc Finance Llc	Member	1 Dec 2018	75% - 100%	81-1581847
Brookfield Property Master Holdings Llc	Shareholder	1 Dec 2018	75% - 100%	81-1581847

Based in New York

The principal office where Brookfield Asset Management Pic Us, LLC performs its advisory services is located at Brookfield Place, New York, NY 10281 1023, which is also the mailing address of the firm. An additional office of the firm is in San Diego, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-417-7000. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at brookfield.com/.