Enr Asset Management, Incorporated (Westmount, Quebec)

Name: Enr Asset Management, Incorporated
Address: 1 Westmount Square, Westmount, Quebec, H3 Z 2 P9
Telephone: 514-989-8027

Enr Asset Management, Incorporated is a large advisory firm based in Westmount, Quebec. It manages $201.3 million of regulatory assets for 359 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Alabama, Arizona, California, and 13 other states.

Enr Asset Management, Incorporated provides portfolio management for individuals and small businesses, educational seminars and workshops, and market commentaries. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Enr Asset Management, Incorporated: assets under management

The assets under management (AUM) of Enr Asset Management, Incorporated is $201.3 million. The firm's AUM has grown by 295% since the beginning of its operation, and $3.75 million of the total AUM is attributable to clients outside of the United States.

The firm manages $104.99 million in discretionary accounts and $96.31 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $439.27 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $802.59 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 63% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 21% of the firm’s portfolio. Investments in government bonds form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Enr Asset Management, Incorporated 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.

What kind of clients Enr Asset Management, Incorporated serves?

The firm provides services to individuals, insurance companies, and high net worth individuals. The largest group of clients of Enr Asset Management, Incorporated is high net worth individuals with 239 clients and $127.82 million of assets under management. Among the 12 most similar advisory firms, Enr Asset Management, Incorporated has the 6th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $201.3 million for 359 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Enr Asset Management, Incorporated doesn't advise any private funds.

Careers at Enr Asset Management, Incorporated

The company employs 3 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 are 2 people 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Eric Naimer Roseman	Chief investment officer	1 Jul 1992	75% - 100%	5004016

Based in Westmount, Quebec

The principal office where Enr Asset Management, Incorporated performs its advisory services is located at 1 Westmount Square, Westmount, Quebec, H3 Z 2 P9, 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 514-989-8027 or by fax 514-989-7060. The normal business hours are 8:15 to 4:30 pm est on Monday - Friday. You can find more information about the New York firm at enrassetmanagement.com.