Jasper Asset Management, LLC (New York)

Jasper Asset Management, LLC is a mid-sized advisory firm based in New York. It manages $25 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdiction of New York.

Jasper Asset Management provides 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.

Jasper Asset Management: assets under management

The assets under management (AUM) of Jasper Asset Management, LLC is $25 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -31% since the beginning of its operation, and $20 million of the total AUM is attributable to clients outside of the United States.

The firm manages $25 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $12.5 million each.

Jasper Asset Management has custody of $25 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Jasper 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 Jasper Asset Management serves?

The only and largest group of clients of Jasper Asset Management is pooled investment vehicles with 2 clients and $25 million of assets under management. Among the 9 most similar advisory firms, Jasper Asset Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $25 million for 2 clients. 50% of the firm’s clients are foreign persons or businesses.

Jasper Asset Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Jasper Asset Management, LLC

The company employs 7 people that are either part- or full-time employees. 71 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Yiping Wang	Chief compliance officer	1 Apr 1999	75% - 100%	2773365
Xinwan Jay Bian	Chief operations officer	1 Nov 2017	Other	4826074
Xiaofei Jiang	Managing member, cco	1 Apr 2018	Other	4677133
Yiping Wang	Managing member	1 Apr 2018	Other	2773365
Mei Shi	Managing member	1 Apr 2018	Other	3015413
Xuemei Ouyang	Member	1 Apr 2018	25% - 50%	6946643
Qian Gao	Member	1 Apr 2018	25% - 50%	6946986

Based in New York

The principal office where Jasper Asset Management, LLC performs its advisory services is located at 150 E 52 Nd St, 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 6466926003. The normal business hours are 9-5 on Monday - Friday.