Broadstone Asset Management, LLC (Rochester)

Broadstone Asset Management provides portfolio management for investment companies 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.

Broadstone Asset Management: assets under management

The assets under management (AUM) of Broadstone Asset Management, LLC is $3.4 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 178% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.4 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.13 billion each.

Broadstone Asset Management has custody of $22.32 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Broadstone Asset Management, LLC for their services and products based on a percentage of assets under management. 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 Broadstone Asset Management serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Broadstone Asset Management is pooled investment vehicles with 2 clients and $3.37 billion of assets under management. Among the 10 most similar advisory firms, Broadstone Asset Management has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $3.4 billion for 3 clients. None of the firm’s clients are foreign persons or businesses.

Broadstone Asset Management doesn't advise any private funds.

Careers at Broadstone Asset Management, LLC

The company employs 90 people that are either part- or full-time employees. 6 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.

Norman Peter Leenhouts has served as the Chief Investment Officer since 1 Aug 2006. Amy Leenhouts Tait joined the executive team most recently as the Executive Chairman And Elected Manager.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 25 indirect owners.

Based in Rochester

The principal office where Broadstone Asset Management, LLC performs its advisory services is located at 800 Clinton Square, Rochester, NY 14604, which is also the mailing address of the firm. An additional office of the firm is in Naperville, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 585-287-6500 or by fax 585-287-6505. The normal business hours are 9:00 to 5:00 on Monday - Friday. You can find more information about the New York firm at broadstone.com.

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