Warberg Asset Management LLC (Winnetka)

Warberg Asset Management LLC is a large advisory firm based in Winnetka. It manages $208.53 million of regulatory assets for 16 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Illinois.

Warberg Asset Management provides portfolio management for individuals and small businesses and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Warberg Asset Management: assets under management

The assets under management (AUM) of Warberg Asset Management LLC is $208.53 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 256% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $208.53 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $13.03 million each.

Warberg Asset Management has custody of $208.53 million in cash and securities for 7 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 42% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 24% of the firm’s portfolio. Investments in derivatives form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Warberg Asset Management LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Warberg Asset Management serves?

The firm provides services to pooled investment vehicles and corporations or other businesses. The largest group of clients of Warberg Asset Management is pooled investment vehicles with 4 clients and $201.87 million of assets under management. Among the 9 most similar advisory firms, Warberg Asset Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $208.53 million for 7 clients. None of the firm’s clients are foreign persons or businesses.

Warberg Asset Management also advises several private funds. Namely, four hedge funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $250,000.

Careers at Warberg Asset Management LLC

The company employs 5 people that are either part- or full-time employees. 80 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Daniel Irwin Warsh	Managing member	1 Feb 2009	50% - 75%	1156953
Jonathan Alan Blumberg	Managing member	1 Feb 2009	25% - 50%	2498923
Robert Mark Felsenthal	Cfo/ cco	1 Feb 2009	Other	6055369
Robert Felsenthal	Cfo/ cco	1 Feb 2009	Other	6055369
Tracy Lee Lancaster	Cco/cfo	1 Mar 2018	Other	2349843

Based in Winnetka

The principal office where Warberg Asset Management LLC performs its advisory services is located at 716 Oak Street, Winnetka, IL 60093, 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 847-418-8305 or by fax 847-559-5807. The normal business hours are 7:30-5:00 on Monday - Friday.