Ack Asset Management LLC (Scarsdale)

Name: Ack Asset Management LLC
Address: 2 Overhill Road, Scarsdale, NY, 10583
Telephone: 914 220-8340

Ack Asset Management LLC is a large advisory firm based in Scarsdale. It manages $543.64 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2010.

Ack 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.

Ack Asset Management: assets under management

The assets under management (AUM) of Ack Asset Management LLC is $543.64 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 677% since the beginning of its operation, and $337.3 million of the total AUM is attributable to clients outside of the United States.

The firm manages $543.64 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $108.73 million each.

Fees & Commissions

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

The only and largest group of clients of Ack Asset Management is pooled investment vehicles with 5 clients and $543.64 million of assets under management. Among the 13 most similar advisory firms, Ack Asset Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $543.64 million for 5 clients. 60% of the firm’s clients are foreign persons or businesses.

Ack Asset Management also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $1,000,000.

Careers at Ack Asset Management LLC

The company employs 8 people that are either part- or full-time employees. 63 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
Richard Scott Meisenberg	Managing member (general partner)	1 Feb 2005	50% - 75%	1293992
John Henry Reilly	Managing member (general partner)	1 Feb 2005	25% - 50%	3177531
Richard Scott Meisenberg	Managing member	1 Oct 2005	50% - 75%	1293992
John Henry Reilly	Managing member	1 Oct 2005	25% - 50%	3177531
John H Reilly	Managing member	1 Oct 2005	25% - 50%	3177531
Kenneth Frank Cooper	Chief financial officer and chief compliance officer	1 Oct 2010	Other	5859395
William Andrew Kissell	Officer	1 Oct 2010	Other	1403540

Based in Scarsdale

The principal office where Ack Asset Management LLC performs its advisory services is located at 2 Overhill Road, Scarsdale, NY 10583, 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 914 220-8340 or by fax 914 220-5461. The normal business hours are 8:00 a.m. to 6:00 p.m. on Monday - Friday. You can find more information about the New York firm at ackasset.com.