Safra Asset Management Corporation (New York City)

Name: Safra Asset Management Corporation
Address: 550 Fifth Avenue, New York City, NY, 10036
Telephone: 212-704-5553

Safra Asset Management Corporation is a large advisory firm based in New York City. It manages $344.5 million of regulatory assets for 15 client accounts. It has been registered with the SEC as an adviser since 2004.

Safra Asset Management Corporation provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and portfolio consulting. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Safra Asset Management Corporation: assets under management

The assets under management (AUM) of Safra Asset Management Corporation is $344.5 million. The firm's AUM has gone down by -39% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $48.6 million in discretionary accounts and $295.89 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $24.3 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $22.76 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Safra Asset Management Corporation for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Safra Asset Management Corporation

Carlos Cesar Bertaco Bonfim has been acting as President since 1 Aug 2004. Michael Seth Rubinoff joined the executive team most recently as the President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Edward Archer Clapp	Executive vice president & cco	1 Mar 2004	Other	1137040
Safra Securities Corporation	Shareholder	1 Mar 2004	75% - 100%	13-4068149
Antenor Gomes Fernandes	Ceo	1 Mar 2004	Other	2999512
Mark Steven Grunwald	Director	1 Mar 2004	Other	3262204
Solange Stouthandel Isabel F Lemos	Director	1 Mar 2004	Other	2684505
Douglas Gordon Siekierski	Chief operating officer	1 Aug 2004	Other	2279801
Carlos Cesar Bertaco Bonfim	Director	1 Aug 2004	Other	4705819
Luiz A Bull	Director	1 Aug 2004	Other	4842709
Safra New York Corporation	Shareholder	1 Mar 2005	75% - 100%	20-1519122
Usa Safra New York Corporation	Shareholder	1 Mar 2005	75% - 100%	20-1519122
Gibraltar Snbny Holding Limited	Sole sharehold - safra new york cororation usa	1 Mar 2005	75% - 100%	foreign
Steven Carlino	Chief operating officer	1 Aug 2005	Other	2294033
Frank Joseph Wanzor	Chief compliance officer & fvp - compliance	1 Nov 2007	Other	2628672
Simoni Morato	Ceo	1 Jul 2008	Other	5568481
Mark Steven Grunwald	Director	1 Oct 2009	Other	3262204
Nancy Maisto	Chief compliance officer	1 Apr 2011	Other	2580089
Sigmund Peter Javier	Director	1 Oct 2011	Other	6002619
Frank Wanzor	Chief compliance officer	1 Jan 2012	Other	2628672
Michael Seth Rubinoff	President	1 May 2012	Other	2088539

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Yacoub Safra	Shareholder	1 Jun 1995	50% - 75%	3262207
Moise Yacoub Safra	Shareholder	1 Jun 1995	50% - 75%	3262208
Snbny Holdings Limited	Shareholder	1 Jun 1995	75% - 100%	foreign
Safra National Bank Of New York	Shareholder	1 Jul 2001	75% - 100%	13-3379508
Gibraltar Snbny Holdings Limited	Parent company	1 Mar 2005	75% - 100%	foreign

Based in New York City

The principal office where Safra Asset Management Corporation performs its advisory services is located at 550 Fifth Avenue, New York City, NY 10036 The mailing address of the firm is 546 Fifth Avenue, New York, NY 10036. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-704-5553 or by fax 212-391-3906. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at www.safrafunds.com.