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.
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.
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 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. 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.
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.
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.
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.