Newfleet Asset Management, LLC is a large advisory firm based in Hartford. It manages $10.46 billion of regulatory assets for 30 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdiction of Connecticut.
Newfleet Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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.
The assets under management (AUM) of Newfleet Asset Management, LLC is $10.46 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 19% since the beginning of its operation, and $73.05 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Newfleet Asset Management, 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.
The firm provides services to investment companies, other investment advisers, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Newfleet Asset Management is investment companies with 23 clients and $9.58 billion of assets under management. Among the 8 most similar advisory firms, Newfleet Asset Management has the highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $10.46 billion for 31 clients. 1% of the firm’s clients are foreign persons or businesses.
Newfleet Asset Management also advises several private funds. Namely, three securitized asset funds. The minimum investment commitment required of non-related persons is $250,000 for each fund.
The company employs 32 people that are either part- or full-time employees. 75 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Laura Marie Krajewski joined the executive team most recently as the Chief Compliance Officer.
The principal office where Newfleet Asset Management, LLC performs its advisory services is located at One Finanacial Plaza, Hartford, CT 06103, 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 877-332-8172 or by fax 860-241-1024. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at newfleet.com/ and its LinkedIn profile.