Optima Asset Management LLC (New York)

Name: Optima Asset Management LLC
Address: 10 East 53 Rd Street, New York, NY, 10022
Telephone: 212-484-3000

Optima Asset Management LLC is a large advisory firm based in New York. It manages $933.79 million of regulatory assets for 23 client accounts. It has been registered with the SEC as an adviser since 2019.

Optima Asset Management provides portfolio management for individuals and small businesses, 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.

Optima Asset Management: assets under management

The assets under management (AUM) of Optima Asset Management LLC is $933.79 million. $189.1 million of the total AUM is attributable to clients outside of the United States.

The firm manages $595.48 million in discretionary accounts and $338.31 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $42.53 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $37.59 million.

Investments

The firm invests in pooled investment vehicles the most. They account for 83% of the total AUM. The second-largest asset type is exchange traded securities, which make up 17% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Optima Asset Management LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Optima Asset Management serves?

The firm provides services to investment companies, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Optima Asset Management is pooled investment vehicles with 15 clients and $662.17 million of assets under management. Among the 8 most similar advisory firms, Optima Asset Management has the 4th lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $933.79 million for 23 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 52% of the firm’s clients are foreign persons or businesses.

Optima Asset Management also advises several private funds. Namely, eleven hedge funds and two other private funds. The minimum investment commitment required of non-related persons ranges from $5,000 to $250,000.

Careers at Optima Asset Management LLC

The company employs 25 people that are either part- or full-time employees. 40 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.

Geoffrey Manfred Lewis joined the executive team most recently as the Chief Financial Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kathleen Elizabeth Keating	Chief compliance officer	1 Nov 2018	Other	4586262
Llc Fwm Holdings	Managing member	1 Nov 2018	75% - 100%	xxx-xx-xxxx
Geoffrey Manfred Lewis	Chief financial officer	1 Jul 2019	Other	4392224
Dennie Dixon Boardman	Chief executive officer	1 Jul 2019	Other	831861

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Eric Stuart Schwartz	Member	1 Jun 2008	75% - 100%	1415319
400 Acquisition Llc	Member	1 Jan 2017	25% - 50%	xxx-xx-xxxx
Wealth Partners Capital Group	Member	1 Jul 2017	75% - 100%	xxx-xx-xxxx
76 West Holdings Llc	Member	1 Jul 2017	25% - 50%	xxx-xx-xxxx

Based in New York

The principal office where Optima Asset Management LLC performs its advisory services is located at 10 East 53 Rd Street, New York, NY 10022, 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 212-484-3000 or by fax 212-484-3001. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at optima.com.