Centre Asset Management, LLC (New York)

Name: Centre Asset Management, LLC
Address: 48 Wall Street, New York, NY, 10005
Telephone: 212-918-4705

Centre Asset Management, LLC is a large advisory firm based in New York. It manages $864.2 million of regulatory assets for 13 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Delaware and New York.

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

Centre Asset Management: assets under management

The assets under management (AUM) of Centre Asset Management, LLC is $864.2 million. The firm's AUM has grown by 4448% since the beginning of its operation, and $700.2 million of the total AUM is attributable to clients outside of the United States.

The firm manages $864.1 million in discretionary accounts and $100 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $72.01 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $100 thousand.

Centre Asset Management has custody of $149.6 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in government bonds the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Centre Asset Management, LLC for their services and products based on a percentage of assets under management, fixed fees, 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 Daniel Kriel serves?

The firm provides services to investment companies and other investment advisers. The largest group of clients of Daniel Kriel is investment companies with 12 clients and $864.1 million of assets under management. Among the 8 most similar advisory firms, Centre Asset Management has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $864.2 million for 13 clients. 81% of the firm’s clients are foreign persons or businesses.

Centre Asset Management also advises several private funds. Namely, three other private funds. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Centre Asset Management, LLC

The company employs 7 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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 receive compensation from other entities for client referrals.

Daniel Kriel has been acting as President since 1 Apr 2016. James Albert Abate has served as the Chief Investment Officer since 1 Dec 2005. Inc. Sanlam International Investments Usa Holdings joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Albert Abate	Managing director/chief investment officer/chief compliance officer, managing member	1 Dec 2005	25% - 50%	1496799
Marc Bothwell	Investment manager	1 Jan 2006	50% - 75%	2673805
Marc Edward Bothwell	Investment manager, member	1 Jan 2006	Other	2673805
Psigma Asset Management Holdings Limited	Owner	1 May 2009	25% - 50%	00000000
Inc. Sanlam International Investments Usa Holdings	Member	1 Sep 2010	50% - 75%	00000000
Robert Roux	Director & chairman	1 Sep 2010	Other	5854954
Jing Hua Sun	Investment director - global equities, member	1 Sep 2010	Other	2514246
Robert Ruggirello	Member, analyst	1 Sep 2010	Other	2874041
Hendrik Jurgens Pfaff	Chairman	1 Sep 2010	Other	5854953
Daniel Kriel	Director	1 Apr 2016	Other	6757629

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Sanlam Investment Holdings Uk Limited	Shareholder	1 Sep 2010	75% - 100%	07812240
Sanlam Limited	Shareholder	1 Sep 2010	75% - 100%	1959/001562/06
Sanlam Investment Management Holdings (Pty) Ltd	Shareholder	1 Sep 2010	75% - 100%	000000
Sanlam Netherlands Holding Bv	Shareholder	1 Sep 2010	50% - 75%	24316242

Based in New York

The principal office where Centre Asset Management, LLC performs its advisory services is located at 48 Wall Street, New York, NY 10005, 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 212-918-4705 or by fax 212-918-4708. The normal business hours are 8:30 - 5:30 est on Monday - Friday. You can find more information about the New York firm at centreasset.com/.