Ast Investment Services, Inc. (Shelton)

Ast Investment Services, Inc. is a large advisory firm based in Shelton. It manages $138.27 billion of regulatory assets for 64 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of California, Connecticut, Georgia, and 6 other states.

Ast Investment Services provides portfolio management for investment companies 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.

Ast Investment Services: assets under management

The assets under management (AUM) of Ast Investment Services, Inc. is $138.27 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 300% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $138.27 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.16 billion each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Ast Investment Services, Inc. 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 Stephen Pelletier serves?

The only and largest group of clients of Stephen Pelletier is investment companies with 1 clients and $138.27 billion of assets under management. Among the 10 most similar advisory firms, Ast Investment Services has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $138.27 billion for 1 clients. None of the firm’s clients are foreign persons or businesses.

Ast Investment Services doesn't advise any private funds.

Careers at Ast Investment Services, Inc.

The company employs 65 people that are either part- or full-time employees. 25 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.

Stephen Pelletier has been acting as President since 1 May 2014. Armando (Dino) Capasso joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Prudential Annuities	Direct parent of ast investment services, inc.	1 Oct 1991	75% - 100%	06-1198540
Robert Francis Gunia	Executive vice president and director	1 May 2003	Other	1367737
Peter Sayre	Controller	1 Aug 2004	Other	5654204
Timothy Sean Cronin	President, ceo, coo, officer in charge, and director	1 Jun 2005	Other	2664443
David Roehner Odenath	Executive vice president and director	1 Jun 2005	Other	872856
Kathryn Loretta Quirk	Vice president, corporate counsel and secretary(functions as chief legal officer)	1 Jun 2005	Other	2094907
Michael Bohm	Vice president, chief financial officer & assistant treasurer	1 Mar 2006	Other	5123626
Bernard Joseph Jacob	Treasurer	1 Aug 2006	Other	1073137
Valerie Simpson	Vice president and chief compliance officer	1 May 2007	Other	4659143
Valerie Marie Simpson	Chief compliance officer	1 May 2007	Other	4659143
Stephen Pelletier	Executive vice president & director	1 Sep 2008	Other	2298624
Scott Edward Benjamin	Executive vice president and director	1 Sep 2009	Other	4385999
Robert Michael Falzon	Treasurer	1 Jan 2010	Other	1298213
John Thomas Fleurant	Controller	1 Jan 2010	Other	2683258
Mark Sieb	Controller	1 Sep 2010	Other	5904421
Mark Sieb	Vice president and treasurer	1 Nov 2011	Other	5904421
Lesley Laurita	Controller	1 Nov 2011	Other	6133021
Robert Francis O'donnell	Executive vice president & director	1 Apr 2012	Other	4768841
Raymond Anthony O'hara	Vice president, corporate counsel and secretary (functions as chief legal officer)	1 Jun 2012	Other	6132961
Raymond Anthony O'hara (Iii)	Vice president, corporate counsel and secretary (functions as chief legal officer)	1 Jun 2012	Other	6132961
Raymond A O'hara	Vice president, corporate counsel and secretary (functions as chief legal officer)	1 Jun 2012	Other	6132961
Bruce Karpati	Chief compliance officer	1 May 2013	Other	6195573
Teresa M.G. Gilbreath	Chief compliance officer	1 Apr 2014	Other	2007450
Stephen Pelletier	Director	1 May 2014	Other	2298624
Chad Alan Earnst	Vice president and chief compliance officer	1 Sep 2014	Other	6397459
Chad A. Earnst	Chief compliance officer	1 Sep 2014	Other	6397459
Elizabeth Marie Marin	Treasurer and vice persident	1 Oct 2014	Other	2499713
Kevin Chaillet	Controller	1 Oct 2014	Other	4033178
Lori Dickerson Fouche	Executive vice president and director	1 Dec 2015	Other	6598690
Armando (Dino) Capasso	Chief compliance officer	1 Jul 2019	Other	7152939

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Prudential Annuities Holding Company	Indirect parent	1 Oct 1991	75% - 100%	13-3921265
Inc. Prudential Financial	Shareholder	1 May 2003	75% - 100%	22-3703799

Based in Shelton

The principal office where Ast Investment Services, Inc. performs its advisory services is located at One Corporate Drive, Shelton, CT 06484, which is also the mailing address of the firm. An additional office of the firm is in Newark, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 973-367-7473 or by fax 973-367-7366. The normal business hours are 8:30 am to 5:30 pm on Monday - Friday.