Arden Asset Management LLC (Philadelphia)

Arden Asset Management LLC is a large advisory firm based in Philadelphia. It manages $9.31 billion of regulatory assets for 32 client accounts. It has been registered with the SEC as an adviser since 2006.

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

Arden Asset Management: assets under management

The assets under management (AUM) of Arden Asset Management LLC is $9.31 billion. The firm's AUM has gone down by -11% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.54 billion in discretionary accounts and $6.77 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $84.62 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.38 billion.

Arden Asset Management has custody of $298.63 million in cash and securities for 12 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Arden Asset Management LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Arden Asset Management LLC

The company employs 377 people that are either part- or full-time employees. 21 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 6 people 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.

Henry Patterson Davis has been acting as President since 1 Mar 2001. Ian Mcdonald has served as the Chief Investment Officer since 1 Jan 2007 and Averell Harriman Mortimer is the Chief Executive Officer of Arden Asset Management LLC family office. Standard Life Aberdeen Plc joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 7 indirect owners.

Based in Philadelphia

The principal office where Arden Asset Management LLC performs its advisory services is located at 1735 Market St, Philadelphia, PA 19103, which is also the mailing address of the firm. An additional office of the firm is in Stamford, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 215-405-5700 or by fax 215-405-5780. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at ardenasset.com.

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