Prospect Asset Management Inc (Honolulu)

Name: Prospect Asset Management Inc
Address: 410 Atkinson Drive, Honolulu, HI, 96814
Telephone: 808-955-7077

Prospect Asset Management Inc is a mid-sized advisory firm based in Honolulu. It manages $59.24 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Hawaii.

Prospect 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.

Prospect Asset Management: assets under management

The assets under management (AUM) of Prospect Asset Management Inc is $59.24 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -47% since the beginning of its operation, and $59.24 million of the total AUM is attributable to clients outside of the United States.

The firm manages $59.24 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $29.62 million each.

Prospect Asset Management has custody of $233.88 thousand in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Prospect Asset Management 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 Xin Zhang serves?

The only and largest group of clients of Xin Zhang is pooled investment vehicles with 2 clients and $59.24 million of assets under management. Among the 3 most similar advisory firms, Prospect Asset Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $59.24 million for 2 clients. 100% of the firm’s clients are foreign persons or businesses.

Prospect Asset Management also advises several private funds. Namely, one hedge fund and one other private fund. The minimum investment commitment required of non-related persons ranges from $0 to $233,879.

Careers at Prospect Asset Management Inc

The company employs 5 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.

Xin Zhang has been acting as President since 1 Jan 2009. Curtis Rudolf Freeze has served as the Chief Investment Officer since 1 May 2006. Ltd. Prospect Co. joined the executive team most recently as the Majority Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Daniel Priske	Director	1 Sep 1994	Other	1185926
Wolf Dietrich Reitsperger	Director	1 Sep 1994	Other	4358272
Curtis Rudolph Freeze	President	1 Sep 1994	75% - 100%	4353675
Curtis Rudolf Freeze	President	1 Sep 1994	75% - 100%	4353675
Daniel Burke Kerrigan	Ceo	1 Aug 2005	25% - 50%	1764585
Hamilton Compton Smith	Cfo	1 Aug 2005	Other	4425734
Cheri Midori Nakamura	Marketing director	1 Aug 2005	Other	4425863
Ltd Prospect Co.	Sole shareholder	1 Apr 2006	75% - 100%	foreign
Curtis Rudolf Freeze	Chief investment officer	1 May 2006	Other	4353675
Ryan Bentzen	Chief compliance officer	1 Sep 2006	Other	2697075
Kaori Matsumoto	Director, president	1 Jan 2009	Other	5641727
Xin Zhang	Director	1 Jan 2009	Other	5641728
Mami Kajiwara	Chief compliance officer	1 May 2009	Other	5661363
Hamilton Compton Smith	Director, chief financial officer	1 Jun 2009	Other	4425734

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Curtis Rudolf Freeze	Managing member	1 Apr 2006	75% - 100%	4353675
Prospect Absolute Return (Japan) Llc	Majority shareholder	1 Apr 2006	75% - 100%	43-2095802
Ltd. Prospect Co.	Majority shareholder	1 Aug 2013	75% - 100%	foreign
Co. Ltd. Gro Bels	Majority shareholder	1 Aug 2013	75% - 100%	foreign

Based in Honolulu

The principal office where Prospect Asset Management Inc performs its advisory services is located at 410 Atkinson Drive, Honolulu, HI 96814, 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 808-955-7077 or by fax 808-955-7081. The normal business hours are 12:00 pm to 8:30 pm on Other. You can find more information about the New York firm at prospectjapan.com.