Newbury Associates LLC (Stamford)

Name: Newbury Associates LLC
Address: 100 First Stamford Place, Stamford, CT, 06902
Telephone: 203-428-3600

Newbury Associates LLC is a large advisory firm based in Stamford. It manages $3.32 billion of regulatory assets for 12 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Connecticut.

Newbury Associates provides portfolio management for pooled investment vehicles and valuation consulting. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Newbury Associates: assets under management

The assets under management (AUM) of Newbury Associates LLC is $3.32 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 92% since the beginning of its operation, and $1.09 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $3.32 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $276.68 million each.

Newbury Associates has custody of $1.55 billion in cash and securities for 12 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Newbury Associates 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 David Nmn Shyu serves?

The only and largest group of clients of David Nmn Shyu is pooled investment vehicles with 12 clients and $3.32 billion of assets under management. Among the 8 most similar advisory firms, Newbury Associates has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $3.32 billion for 12 clients. 65% of the firm’s clients are foreign persons or businesses.

Newbury Associates also advises several private funds. Namely, twelve other private funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $10,000,000.

Careers at Newbury Associates LLC

The company employs 19 people that are either part- or full-time employees. 68 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.

David Nmn Shyu has been acting as President since 1 Jan 2009. Thomas Ignaz Mikula joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard Craig Lichter	Manager	1 Sep 2006	50% - 75%	2062947
Chester Capital Lp	Member	1 Sep 2006	25% - 50%	20-5544706
Christopher Devin Jaroch	Managing director	1 Jan 2009	Other	2362363
David Nmn Shyu	Director	1 Jan 2009	Other	4565851
Brian Alexander Kapetanis	Vice president	1 Jan 2011	Other	5913820
Andrew Jason Levy	Managing director	1 May 2011	Other	2504740
Gerald Louis Esposito	Managing director/chief financial officer/chief compliance officer	1 Jul 2011	Other	5905074
Justin Daniel Pollack	Managing director	1 Jul 2011	Other	5905078
Warren Bruce Symon	Director	1 Jul 2011	Other	2922967
Warren Bruce Symon	Managing director	1 Jul 2012	Other	2922967
Stephane Christian Chevrier	Managing director	1 Nov 2013	Other	4937365
Thomas Ignaz Mikula	Director	1 Jan 2017	Other	6732911

Indirect Owners

The SEC currently registers 15 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Parkwood Llc	Sole owner	1 Sep 1997	75% - 100%	37-1665471
Parkwood Trust Company	General partner	1 Sep 2006	Other	34-1851693
Parkwood Llc	Sole owner	1 Sep 2006	75% - 100%	37-1665471
Morton Leon Mandel	Sole member	1 May 2011	Other	6925944
Stephen Roger Hardis	Trustee	1 Nov 2012	Other	6414829
Jay David Heller	Trustee	1 Nov 2012	Other	6414830
Kenneth George Hochman	Trustee	1 Nov 2012	Other	6414831
Stuart David Neidus	Trustee	1 Nov 2012	Other	6414832
Richard Lynn Osborne	Trustee	1 Nov 2012	Other	6414833
Michael Allen Ritter	Trustee	1 Nov 2012	Other	6414835
Mandel Brothers Management Trust	Shareholder	1 Jan 2013	Other	46-6544037
Peter Edward Raskind	Trustee	1 Jan 2013	Other	6414834
Jerry Sue Thornton	Trustee	1 Aug 2013	Other	6414836
Scott Stephen Cowen	Trustee	1 Aug 2014	Other	6414827
Joseph And Morton Mandel Foundation Jack	Limited partner	1 Jan 2017	25% - 50%	34-6546418

Based in Stamford

The principal office where Newbury Associates LLC performs its advisory services is located at 100 First Stamford Place, Stamford, CT 06902, 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 203-428-3600 or by fax 203-428-3601. The normal business hours are 9 am - 5 pm on Monday - Friday. You can find more information about the New York firm at newbury-partners.com/.