Tontine Asset Management, LLC (Greenwich)

Tontine Asset Management, LLC is a large advisory firm based in Greenwich. It manages $641.4 million of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Connecticut.

Tontine Asset Management provides 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.

Tontine Asset Management: assets under management

The assets under management (AUM) of Tontine Asset Management, LLC is $641.4 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 34% since the beginning of its operation, and $3.2 million of the total AUM is attributable to clients outside of the United States.

The firm manages $641.4 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $106.9 million each.

Tontine Asset Management has custody of $3.2 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Tontine 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.

What kind of clients Tontine Asset Management serves?

The only and largest group of clients of Tontine Asset Management is pooled investment vehicles with 5 clients and $587.3 million of assets under management. Among the 7 most similar advisory firms, Tontine Asset Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $587.3 million for 5 clients. 33% of the firm’s clients are foreign persons or businesses.

Tontine Asset Management also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $2,500,000.

Careers at Tontine Asset Management, LLC

The company employs 5 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 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
Alberto Marcos De Brito	Chief financial officer of the registrant and the relying advisers listed in section 1.b, schedule d	1 May 2009	Other	5908405
Alberto De Brito	Chief financial officer of the registrant and the relying advisers listed in section 1.b, schedule d	1 May 2009	Other	5908405
Jeffrey Lund Gendell	Managing member and principal of the registrant and the relying advisers listed in section 1.b, schedule d	1 Oct 2009	75% - 100%	1037175
Alberto Marcos De Brito	Chief financial officer of the registrant	1 Oct 2009	Other	5908405
Joseph Michael Cerulli	Chief compliance officer of the registrant and the relying advisers listed in section 1.b, schedule d	1 Feb 2012	Other	1777000

Based in Greenwich

The principal office where Tontine Asset Management, LLC performs its advisory services is located at 1 Sound Shore Drive, Greenwich, CT 06830, 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 203-769-2000 or by fax 203-769-2010. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday.