Npa Asset Management, LLC is a large advisory firm based in Paramus. It manages $517.24 million of regulatory assets for 2,109 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of California, Connecticut, Florida, and 10 other states.
Npa Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and tactical asset allocation. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Npa Asset Management, LLC is $517.24 million. The firm's AUM has grown by 4239% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Npa Asset 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 individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Peter Abramenko is high net worth individuals with 527 clients and $198.27 million of assets under management. Among the 12 most similar advisory firms, Npa Asset Management has the 5th lowest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $517.24 million for 2,112 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.
Npa Asset Management doesn't advise any private funds.
The company employs 63 people that are either part- or full-time employees. 78 percent of the employees work as investment advisers or researchers. 49 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 compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.
Peter Abramenko has been acting as President since 1 Sep 2009. James S Colleary joined the executive team most recently as the Chief Compliance Officer.
The principal office where Npa Asset Management, LLC performs its advisory services is located at 115 West Century Road, Paramus, NJ 07652, 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 201-476-0029 or by fax 201-476-0132. The normal business hours are 8:30 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at nationwideplanning.com.