Acadian Asset Management LLC (Boston)


Acadian Asset Management LLC is a large advisory firm based in Boston. It manages $84.64 billion of regulatory assets for 304 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdiction of Massachusetts.

Acadian Asset Management provides portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and management for family offices, provide model portfolios for 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.

Acadian Asset Management: assets under management

The assets under management (AUM) of Acadian Asset Management LLC is $84.64 billion. The firm's AUM has grown by 32% since the beginning of its operation, and $31.4 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $84.43 billion in discretionary accounts and $205.29 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $278.65 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $205.29 million.
Acadian Asset Management has custody of $8.79 billion in cash and securities for 26 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 98% of the total AUM. The second-largest asset type is investment and business development companies, which make up 1% of the firm’s portfolio. Investments in pooled investment vehicles form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Acadian 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 Ronald Dickson Frashure serves?

The firm provides services to investment companies, charitable organizations, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Ronald Dickson Frashure is pooled investment vehicles with 106 clients and $26.91 billion of assets under management. Among the 8 most similar advisory firms, Acadian Asset Management has the 4th lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $65.3 billion for 239 clients. 44% of the firm’s clients are foreign persons or businesses.

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

Careers at Acadian Asset Management LLC

The company employs 375 people that are either part- or full-time employees. 29 percent of the employees work as investment advisers or researchers. No 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 don’t receive compensation from other entities for client referrals.

Ronald Dickson Frashure has been acting as President since 1 Jan 2013. John Robert Chisholm joined the executive team most recently as the Co Ceo, Co Cio, Manager.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
John Robert Chisholm Executive vice president, chief investment officer, manager 1 Dec 2007 Other 4346644
Omam Affiliate Holdings Llc Sole holder of class a interests of the registrant 1 Dec 2007 75% - 100% 04-3576876
Scott Peter Dias Svp, chief compliance officer, general counsel 1 Dec 2007 Other 2759180
Acadian Kelp Lp Holder of class b interests of the registrant 1 Dec 2007 Other 26-1487304
Brightsphere Affiliate Holdings Llc Sole holder of class a interests of the registrant 1 Dec 2007 75% - 100% 04-3576876
Gary Leonard Bergstrom Chairman, non-voting manager 1 Dec 2007 Other 4346623
Ronald Dickson Frashure Chief executive officer, president, manager 1 Dec 2007 Other 4346631
Churchill Gibson Franklin Executive vice president, manager 1 Dec 2007 Other 1489590
Old Mutual Asset Managers (Us) Llc Sole holder of class a interests of the registrant 1 Dec 2007 75% - 100% 04-3576876
Scott Francis Powers Manager 1 Dec 2007 Other 1482612
Mark Joseph Minichiello Svp, chief financial officer, treasurer, secretary, non-voting manager 1 Dec 2007 Other 4866376
Brian Keith Wolahan Senior vice president, manager 1 Dec 2007 Other 5470574
Raymond Fee Mui Senior vice president, non-voting manager 1 Dec 2007 Other 5470577
James Andrew Wylie Senior vice president, non-voting manager 1 Dec 2007 Other 2181468
Stephen Williamson Clarke Manager 1 Dec 2007 Other 1904086
John Michael Grady Manager 1 Dec 2007 Other 4380203
Thomas Moynihan Turpin Manager 1 Dec 2007 Other 1888979
Kathryn Marie Horgan Manager 1 Dec 2007 Other 5470580
Linda Tilton Gibson Manager 1 Apr 2008 Other 1754883
James Edward Mikolaichik Manager 1 Dec 2008 Other 5047043
Matthew J Appelstein Manager 1 Apr 2009 Other 2359209
Ross Allen Dowd Senior vice president, manager 1 Jan 2010 Other 2963213
Matthew Ethan Berger Manager 1 Sep 2010 Other 5747431
Hunter Brooks Smith Svp, chief technology officer, non-voting manager 1 Nov 2010 Other 2837337
Aidan John Riordan Manager 1 Jul 2011 Other 2394294
Stephen Harold Belgrad Manager 1 Jul 2011 Other 2087759
Christopher Hadley Manager 1 Jul 2011 Other 5950949
Stephen Belgrad Manager 1 Jul 2011 Other 2087759
Brendan O'brien Bradley Svp, non-voting manager 1 Jan 2012 Other 6024108
Laurent Guy Chantal De Greef Managing director, acadian asset management (uk) limited, non-voting manager 1 Jan 2012 Other 6024175
Ronald Dickson Frashure Chairman 1 Jan 2013 Other 4346631
Churchill Gibson Franklin Chief executive officer, manager 1 Jan 2013 Other 1489590
Mark Joseph Minichiello Evp, chief operating officer, treasurer, secretary, non-voting manager 1 Jan 2013 Other 4866376
Ross Allen Dowd Executive vice president, manager 1 Jan 2013 Other 2963213
Laurent Guy Chantal De Greef Svp, non-voting manager 1 Jan 2013 Other 6024175
Mauricio Karchmer Director, implementation-trading and portfolio construction, manager 1 Jan 2014 Other 2713232
Theodore W. Noon Svp, non-voting manager 1 Nov 2014 Other 4975778
Raymond John Cerro Svp, chief financial officer 1 Jan 2016 Other 6617895
Acadian Kelp Lp Sole holder of class b interests of the registrant 1 Jul 2017 75% - 100% 26-1487304
John Robert Chisholm Co-ceo, co-cio, manager 1 Jan 2018 Other 4346644
Ross Allen Dowd Co-ceo, manager 1 Jan 2018 Other 2963213
Brendan O'brien Bradley Co-cio 1 Jan 2018 Other 6024108
Jennifer Elizabeth Duval Souza Manager 1 Jan 2018 Other 4681752

Indirect Owners

The SEC currently registers 12 indirect owners.

Name Entity Date acquired Ownership Employer ID
Omam Inc. Sole member of omam affiliate holdings llc 1 Sep 2000 75% - 100% 04-2714625
Brightsphere Inc. Sole member of brightsphere affiliate holdings llc 1 Sep 2000 75% - 100% 04-2714625
Old Mutual (Us) Holdings Inc. Sole member of old mutual asset managers (us) llc 1 Sep 2000 75% - 100% 04-2714625
Old Mutual Plc 100% shareholder of om group (uk) limited 1 Jan 2003 75% - 100% foreign
Om Group (Uk) Limited 100% shareholder of old mutual (us) holdings inc. 1 Jan 2003 75% - 100% foreign
Acadian Kelp Gp Llc General partner of acadian kelp lp 1 Dec 2007 Other 26-1487158
Limited Omam Uk Sole shareholder of omam inc. 1 Sep 2014 75% - 100% 98-1183573
Inc. Omam Us Sole shareholder of omam uk, limited 1 Sep 2014 75% - 100% 47-1121020
Limited Brightsphere Uk Sole shareholder of brightsphere inc. 1 Sep 2014 75% - 100% 98-1183573
Inc. Brightsphere Us Sole shareholder of brightsphere uk, limited 1 Sep 2014 75% - 100% 47-1121020
Om Asset Management Plc Sole shareholder of omam us, inc. 1 Oct 2014 75% - 100% 98-1179929
Brightsphere Investment Group Plc Sole shareholder of brightsphere us, inc. 1 Oct 2014 75% - 100% 98-1179929

Based in Boston

The principal office where Acadian Asset Management LLC performs its advisory services is located at 260 Franklin Street, Boston, MA 02110, 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 617-850-3500 or by fax 617-850-3501. The normal business hours are 8:30 a.m. to 5:30 p.m. on Monday - Friday. You can find more information about the New York firm at acadian-asset.com.