Oberon Asset Management, LLC (New York)

Name: Oberon Asset Management, LLC
Address: 51 Wooster Street, 4 Th Floor, New York, NY, 10013
Telephone: 917-237-0147

Oberon Asset Management, LLC is a large advisory firm based in New York. It manages $118.7 million of regulatory assets for 93 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California, Massachusetts, and New York.

Oberon Asset Management provides portfolio management for individuals and small businesses 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.

Oberon Asset Management: assets under management

The assets under management (AUM) of Oberon Asset Management, LLC is $118.7 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 262% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $118.7 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.28 million each.

Oberon Asset Management has custody of $6.61 million in cash and securities for 6 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 59% of the total AUM. The second-largest asset type is investment and business development companies, which make up 26% of the firm’s portfolio. Investments in cash and cash equivalents form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Oberon Asset Management, LLC for their services and products based on a percentage of assets under management 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.

What kind of clients Oberon Asset Management serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Oberon Asset Management is high net worth individuals with 30 clients and $85.28 million of assets under management. Among the 10 most similar advisory firms, Oberon Asset Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $111.57 million for 41 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Oberon Asset Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Oberon 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 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
Daniel H Baldini	Member	1 Feb 2002	75% - 100%	4991359
Daniel H Baldini	Chief compliance officer	1 Jan 2008	75% - 100%	4991359

Based in New York

The principal office where Oberon Asset Management, LLC performs its advisory services is located at 51 Wooster Street, 4 Th Floor, New York, NY 10013, 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 917-237-0147 or by fax 212-226-4698. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at oberonasset.com/.