Cit Asset Management LLC (New York)

Name: Cit Asset Management LLC
Address: 11 West 42 Nd Street, New York, NY, 10036
Telephone: 212-461-5761

Cit Asset Management LLC is a large advisory firm based in New York. It manages $204.85 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of New York and Texas.

Cit Asset Management provides 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.

Cit Asset Management: assets under management

The assets under management (AUM) of Cit Asset Management LLC is $204.85 million. The firm's AUM has gone down by -84% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

Cit Asset Management has custody of $202 thousand in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cit 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 Terence Sullivan serves?

The only and largest group of clients of Terence Sullivan is pooled investment vehicles with 1 clients and $204.85 million of assets under management. Among the 8 most similar advisory firms, Cit Asset Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $204.85 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Cit Asset Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $50,000,000 for each fund.

Careers at Cit Asset Management LLC

The company employs 16 people that are either part- or full-time employees. 81 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Terence Sullivan has been acting as President since 1 Dec 2014. Paul Scott Tufaro joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Cit Technology Financing Services	Member	1 Dec 2006	75% - 100%	04-2547678
Roger Martin Burns	Executive vice president/director	1 Dec 2006	Other	1021382
Kathleen Nmn Nassaney	Director (officer)	1 Aug 2009	Other	6028049
Markus Antonius Van Ophem	Director & assistant secretary	1 Aug 2009	Other	6028054
Linda Marie Seufert	Assistant vice president & assistant secretary	1 Aug 2009	Other	1455705
Peter John Connolly	President	1 Aug 2009	Other	2863960
Warren Nmn Hsiung	Assistant vice president	1 Jun 2011	Other	6028067
Kenneth Charles Boyle	Senior vice president	1 Nov 2011	Other	6028043
Mirit Nmn Volis	Vice president - corporate treasury	1 Nov 2011	Other	6028061
Mark Adrian Carlson	Senior vice president & treasury controller	1 Nov 2011	Other	6028105
Kathleen Martha Sawka	Vice president - corporate treasury	1 Nov 2011	Other	2097809
Frank Kevin Mulhern	Director (officer)	1 Nov 2011	Other	6029388
Suzanne Nmn Zacharias	Vice president, cco	1 Dec 2011	Other	4735747
James Patrick Shanahan	Manager (board member), senior vice president & secretary	1 Feb 2012	Other	6028108
James Patrick Shanahan	Senior vice president & secretary/director	1 Oct 2012	Other	6028108
Elin Lynne Cherry	Chief compliance officer	1 Aug 2013	Other	2430837
Rosalie Chierkove	Vice president	1 Sep 2013	Other	6299503
Andrew Katsanos	Director (officer) chief compliance officer	1 Jan 2014	Other	2271195
Andrew Nmn Katsanos	Chief compliance officer/director	1 Jan 2014	Other	2271195
Harvey Nmn Doppelt	Managing director/officer	1 Jun 2014	Other	5851348
Terence Sullivan	President	1 Dec 2014	Other	6463370
Terence James Sullivan	President/officer/director	1 Dec 2014	Other	6463370
Linda Marie Seufert	Vice president & assistant secretary	1 Feb 2015	Other	1455705
Eric Wai Hung Fong	Director/officer	1 May 2015	Other	6724222
Craig Gerard Transue	Managing director/officer	1 Jun 2015	Other	4540851
James Francis Logiudice	Assistant vice president/officer	1 Jul 2015	Other	6724223
James Patrick Shanahan	Senior vice president & secretary/director	1 Nov 2016	Other	6028108
Terence James Sullivan	President/officer/director	1 Nov 2016	Other	6463370
Kenneth Charles Boyle	Senior vice president/officer	1 Nov 2016	Other	6028043
Mark Adrian Carlson	Senior vice president & treasury controller/officer	1 Nov 2016	Other	6028105
Andrew Nmn Katsanos	Chief compliance officer/director	1 Nov 2016	Other	2271195
Kathleen Nmn Nassaney	Director/officer	1 Nov 2016	Other	6028049
Kathleen Martha Sawka	Vice president corporate treasury	1 Nov 2016	Other	2097809
Linda Marie Seufert	Vice president & assistant secretary	1 Nov 2016	Other	1455705
Mirit Nmn Volis	Vice president corporate treasury	1 Nov 2016	Other	6028061
Craig Gerard Transue	Managing director/officer	1 Nov 2016	Other	4540851
Inc. Cit Technology Financing Services	Member	1 Nov 2016	75% - 100%	04-2547678
Harvey Nmn Doppelt	Managing director/officer	1 Nov 2016	Other	5851348
Eric Wai Hung Fong	Director/officer	1 Nov 2016	Other	6724222
James Francis Logiudice	Assistant vice president/officer	1 Nov 2016	Other	6724223
Barrie Nmn Saltzman	Vice president/officer	1 Jan 2017	Other	6766574
Peter Lawrence Skavla	Managing director/officer	1 Jun 2017	Other	6830494
Neal Thomas Legan	Managing director/officer	1 Jun 2017	Other	6830991
Frederick Anthony Avila	Director and assistant secretary	1 Jun 2017	Other	6834024
Paul Scott Tufaro	Chief compliance officer	1 Oct 2017	Other	4492327

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Capita Corporation	Shareholder	1 Apr 1993	75% - 100%	22-3211453
Cit Lending Services Corporation	Shareholder	1 Mar 1994	75% - 100%	22-3014356
Cit Credit Group Usa Inc.	Shareholder	1 Jan 1998	75% - 100%	36-3873821
Cit Group Inc.	Shareholder	1 Jul 2002	75% - 100%	65-1051192
Inc. The Cit Group/Equipment Financing	Shareholder	1 Dec 2003	75% - 100%	13-0542408
C.I.T. Leasing Corporation	Shareholder	1 Oct 2009	75% - 100%	13-1852471
Inc. The Cit Group/Commercial Services	Shareholder	1 Jun 2010	75% - 100%	13-2699483

Based in New York

The principal office where Cit Asset Management LLC performs its advisory services is located at 11 West 42 Nd Street, New York, NY 10036, which is also the mailing address of the firm. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-461-5761. The normal business hours are 9 am to 5 pm on Monday - Friday. You can find more information about the New York firm at cit.com/.