Symphony Asset Management LLC (San Francisco)


Symphony Asset Management LLC is a large advisory firm based in San Francisco. It manages $18.83 billion of regulatory assets for 246 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

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

Symphony Asset Management: assets under management

The assets under management (AUM) of Symphony Asset Management LLC is $18.83 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 357% since the beginning of its operation, and $9.05 billion of the total AUM is attributable to clients outside of the United States.


The firm manages $18.83 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $76.53 million each.
Symphony Asset Management has custody of $3.01 billion in cash and securities for 15 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 93% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio. Investments in exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Symphony 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 Anne Brandeis Popkin serves?

The firm provides services to individuals, insurance companies, investment companies, other investment advisers, pooled investment vehicles, business development companies, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Anne Brandeis Popkin is pooled investment vehicles with 35 clients and $9.89 billion of assets under management. Among the 10 most similar advisory firms, Symphony Asset Management has the 5th highest percentage of pooled investment vehicles out of all clients.


The amount of regulatory assets under management is $18.83 billion for 246 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 11% of the firm’s clients are foreign persons or businesses.

Symphony Asset Management also advises several private funds. Namely, eight hedge funds, seven other private funds, and thirteen securitized asset funds. The minimum investment commitment required of non-related persons ranges from $0 to $5,000,000.

Careers at Symphony Asset Management LLC

The company employs 82 people that are either part- or full-time employees. 34 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.

Anne Brandeis Popkin has been acting as President since 1 Jul 2010. Scott Stewart Grace joined the executive team most recently as the Business Head.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Inc. Symphony Asset Management Member 1 Jul 1996 50% - 75% 94-3200805
Llc Maestro Member 1 Jul 1996 50% - 75% 94-3252502
Jeffrey Skelton Ceo & president 1 Jul 1996 Other 2210755
Neil Lawrence Rudolph Coo/cco/cfo 1 Jul 1996 Other 1832377
Michael Henman Director, business development 1 Jul 1996 Other 2972426
Praveen Cottipalli Director of investments 1 Jul 1996 Other 2121310
Praveen Kumar Gottipalli Director of investments 1 Jul 1996 Other 2121310
Jeffrey Laurence Skelton Ceo & president 1 Jul 1996 Other 2210755
Michael Joseph Henman Director, business development 1 Jul 1996 Other 2972426
Inc. Nuveen Investments Holdings Managing member 1 Jul 2001 25% - 50% 36-7364377
The John Nuveen Company Member 1 Jul 2001 50% - 75% 36-3817266
Deepak Gulrajani Director of fixed income 1 Jul 2001 Other 4518100
Gunther M Stein Director, fixed income strategies 1 Jun 2003 Other 4776522
Gunther Maurice Stein Director, fixed income strategies 1 Jun 2003 Other 4776522
Mary E Keefe Chief compliance officer 1 Oct 2004 Other 4755249
Mary Elizabeth Keefe Chief compliance officer 1 Oct 2004 Other 4755249
Gunther Maurice Stein Chief investment officer and chief executive officer 1 Jul 2009 Other 4776522
David Craig Goldstein Chief operating officer 1 Sep 2009 Other 1670828
Angela Marie Mckillen Chief financial officer 1 Sep 2009 Other 5711149
Anne Brandeis Popkin President 1 Jul 2010 Other 1744859
Judith R Macdonald Chief compliance officer 1 Feb 2013 Other 1816058
Amy Elizabeth Chen Chief compliance officer 1 Apr 2017 Other 6531906
Judith R Macdonald Chief compliance officer 1 Nov 2018 Other 1816058
Scott Stewart Grace Business head 1 Mar 2019 Other 4232411

Indirect Owners

The SEC currently registers 28 indirect owners.

Name Entity Date acquired Ownership Employer ID
Inc. Barra Shareholder of symphony asset management, inc. 1 Jul 1996 75% - 100% 94-2993326
Inc. Nuveen Investments Shareholder 1 Jul 2001 75% - 100% 36-3817266
Inc. Nuveen Holdings Shareholder 1 Nov 2007 75% - 100% 26-0373324
L.P. Madison Dearborn Capital Partners V A Member 1 Nov 2007 75% - 100% 20-3771357
L.P. Madison Dearborn Partners V A&C General partner 1 Nov 2007 Other 20-3771466
Llc Mdcp Holdco (Windy) Member majority manager 1 Nov 2007 25% - 50% 26-1187203
Inc. Merrill Lynch & Co. Owner 1 Nov 2007 75% - 100% 13-2740599
Inc. Merrill Lynch Group Owner 1 Nov 2007 75% - 100% 13-3408205
Inc Ml Ibk Positions Limited partner 1 Nov 2007 75% - 100% 13-3596352
Lp Mlgpe Fund Us Ii Owner 1 Nov 2007 75% - 100% 26-0667033
Lp Mlgpe Partners Ii General partner 1 Nov 2007 Other 98-0545047
Mlgpe U.S. Strategies Llc Member minority manager 1 Nov 2007 25% - 50% 26-0667033
Llc Windy City Investments Holdings Owner 1 Nov 2007 75% - 100% 26-0373462
Inc. Windy City Investments Owner 1 Nov 2007 75% - 100% 26-0373324
Merrill Lynch Gp Inc. General partner 1 Nov 2007 Other 13-3540361
Madison Dearborn Partners General partner 1 Nov 2007 Other 157349
Ml Windy City Investments Holdings Llc Member minority manager 1 Feb 2008 75% - 100% 26-0667033
Bank Of America Owner 1 Dec 2008 75% - 100% 56-0906609
Bank Of America Corporation Owner 1 Jan 2009 75% - 100% 56-0906609
Tiaa Board Of Overseers Shareholder 1 Oct 2014 75% - 100% 13-6110585
Teachers Insurance And Annuity Association Of America Member 1 Oct 2014 75% - 100% 13-1624203
Llc Tiaa Asset Management Member 1 Oct 2014 75% - 100% 47-1595484
Llc Tiaa Asset Management Finance Company Shareholder 1 Oct 2014 75% - 100% 47-1563437
Llc Tiaa Global Asset Management Member 1 Oct 2014 75% - 100% 47-1595484
Llc Nuveen Member 1 Oct 2014 75% - 100% 47-1595484
Llc Tam Finance Company Shareholder 1 Oct 2014 75% - 100% 47-1563437
Llc Nuveen Finance Shareholder 1 Jan 2017 75% - 100% 47-1563437
Inc. Nuveen Holdings 1 Shareholder 1 Jan 2017 75% - 100% 81-3425820

Based in San Francisco

The principal office where Symphony Asset Management LLC performs its advisory services is located at 555 California Street, San Francisco, CA 94104 1534, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 415-676-4000. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at symphonyasset.com and its LinkedIn profile.