Price Asset Management, LLC (Chicago)

Price 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.

Price Asset Management: assets under management

The assets under management (AUM) of Price Asset Management, LLC is $71.88 million. The firm's AUM has grown by 35% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $68.21 million in discretionary accounts and $3.67 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $34.1 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.67 million.

Price Asset Management has custody of $22.82 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 Price 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 Price Asset Management serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Price Asset Management is investment companies with 1 clients and $49.06 million of assets under management. Among the 2 most similar advisory firms, Price Asset Management has the lowest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $71.88 million for 3 clients. None of the firm’s clients are foreign persons or businesses.

Price Asset Management also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $25,000 for each fund.

Careers at Price Asset Management, LLC

The company employs 9 people that are either part- or full-time employees. 22 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 2 indirect owners.

Based in Chicago

The principal office where Price Asset Management, LLC performs its advisory services is located at 303 W Madison Street, Suite 1700, Chicago, IL 60606, 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 (312) 261-4460 or by fax (312) 261-4427. The normal business hours are 9 am - 5 pm on Monday - Friday. You can find more information about the New York firm at pamglobalfund.com.

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