Degroof Petercam Asset Management (Brussels)

Name: Degroof Petercam Asset Management
Address: Rue Guimard 18, Brussels, B 1040
Telephone: 00 32 2 287 95 15

Degroof Petercam Asset Management is a large advisory firm based in Brussels. It manages $8.86 billion of regulatory assets for 351 client accounts. It has been registered with the SEC as an adviser since 2016.

Degroof Petercam Asset Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and publication of newsletters. It doesn't provide financial planning services to its clients. On top of advisory services, the firm also engages as promotor, distributor & manager of investment fund.

Degroof Petercam Asset Management: assets under management

The assets under management (AUM) of Degroof Petercam Asset Management is $8.86 billion. The firm's AUM has grown by 8% since the beginning of its operation, and $8.76 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $8.08 billion in discretionary accounts and $783.2 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $26.76 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $15.98 million.

Investments

The firm invests in exchange traded securities the most. They account for 44% of the total AUM. The second-largest asset type is other assets, which make up 38% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Degroof Petercam Asset Management 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 Guy Richard Lerminiaux serves?

The firm provides services to insurance companies, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Guy Richard Lerminiaux is pension and profit sharing plans with 139 clients and $4.2 billion of assets under management. Among the 9 most similar advisory firms, Degroof Petercam Asset Management has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $8.67 billion for 307 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 99% of the firm’s clients are foreign persons or businesses.

Degroof Petercam Asset Management doesn't advise any private funds.

Careers at Degroof Petercam Asset Management

The company employs 140 people that are either part- or full-time employees. 46 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.

Guy Richard Lerminiaux has been acting as President since 1 Jan 1998. Laurent Martin De Meyere joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Guy Richard Lerminiaux	Director	1 Jan 1998	Other	6139222
Hugo Rudi Lasat	Member of management board/board of directors	1 Jan 2011	Other	6139206
Banque Degroof Petercam Sa	Owner	1 Oct 2013	75% - 100%	45-1071477
Peter De Coensel	Director	1 Oct 2013	Other	6279945
Tomas Murillo Rodriguez	Director	1 Oct 2015	Other	6569654
John François Pauly	Director	1 Jan 2016	Other	6623054
Benoît Pierre Daenen	Director	1 Jan 2016	Other	6623056
Wohrer Jacques François	Director	1 Jan 2016	Other	6623057
Eric Michel Nols	Director	1 Jan 2016	Other	6623063
Gautier Charles Bataille	Director	1 Jan 2016	Other	6623065
Vincent Henri Planche	Chief risk officer, director	1 Jan 2016	Other	6623070
Jean Baptiste Christian De Franssu	Director	1 Jan 2016	Other	6623071
Chantal Nicole Peters	Chief compliance officer	1 Jan 2016	Other	6625277
Caroline Charlotte Tubeuf	Chief legal officer	1 Jan 2016	Other	6639835
Philippe Rene Denef	Director	1 Jan 2016	Other	6761396
Jan André Longeval	Director	1 Jan 2016	Other	6623053
Christian Marie Jacobs	Director	1 Jan 2016	Other	6623066
Philippe Jean Masset	President of the board of directors	1 Apr 2016	Other	6623050
Thomas Karl Palmblad	Director	1 Apr 2016	Other	6623058
Gerald Rene Servais	Director	1 Jun 2016	Other	6761395
Laurent Martin De Meyere	Director	1 Aug 2017	Other	6928233
Johan Frans Van Geeteruyen	Director	1 Aug 2017	Other	6928234

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Degroof Société De Droit Commun	Shareholder	1 Oct 2015	25% - 50%	45-1071477

Based in Brussels

The principal office where Degroof Petercam Asset Management performs its advisory services is located at Rue Guimard 18, Brussels, B 1040, 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 00 32 2 287 95 15. The normal business hours are 08.00 - 17.00 on Monday - Friday. You can find more information about the New York firm at degroofpetercam.com.