Jmc Asset Management LLC (New York)

Name: Jmc Asset Management LLC
Address: 55 Fifth Avenue, New York, NY, 10003
Telephone: 646-797-2714

Jmc Asset Management LLC is a mid-sized advisory firm based in New York. It manages $32.97 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2013.

Jmc Asset Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, 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.

Jmc Asset Management: assets under management

The assets under management (AUM) of Jmc Asset Management LLC is $32.97 million. The firm's AUM has grown by 85% since the beginning of its operation, and $9.51 million of the total AUM is attributable to clients outside of the United States.

The firm manages $11.35 million in discretionary accounts and $21.62 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $5.68 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $7.21 million.

Investments

The firm invests in exchange traded securities the most. They account for 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Jmc Asset Management LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Jmc Asset Management serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Jmc Asset Management is high net worth individuals with 5 clients and $24.47 million of assets under management. Among the 1 most similar advisory firms, Jmc Asset Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $32.97 million for 6 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 100% of the firm’s clients are foreign persons or businesses.

Jmc Asset Management doesn't advise any private funds.

Careers at Jmc Asset Management LLC

The company employs 4 people that are either part- or full-time employees. 100 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 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.

Thomas Sadusky joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gregoire Alexis Painvin	Chief executive officer	1 Oct 2012	25% - 50%	5768959
Jean Marie Painvin	Chairman of the board	1 Oct 2012	50% - 75%	6156004
Michael J Waldron	Chief compliance officer	1 Oct 2012	Other	5208061
Francois Xavier Terny	Initial member	1 Oct 2012	Other	6156006
Thomas Sadusky	Chief compliance officer	1 Jul 2016	Other	6681048

Based in New York

The principal office where Jmc Asset Management LLC performs its advisory services is located at 55 Fifth Avenue, New York, NY 10003, 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 646-797-2714. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at jmcam.com and its LinkedIn profile.