Metropolitan West Asset Management LLC (Los Angeles)

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

Metropolitan West Asset Management: assets under management

The assets under management (AUM) of Metropolitan West Asset Management LLC is $109.55 billion. The firm's AUM has grown by 1085% since the beginning of its operation, and $579.34 million of the total AUM is attributable to clients outside of the United States.

The firm manages $109.53 billion in discretionary accounts and $14.39 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $651.97 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $4.8 million.

Investments

The firm invests in other assets the most. They account for 37% of the total AUM. The second-largest asset type is government bonds, which make up 25% of the firm’s portfolio. Investments in investment and business development companies form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Metropolitan West 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.

What kind of clients Richard Scott Hollander serves?

The firm provides services to insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Richard Scott Hollander is investment companies with 10 clients and $87.38 billion of assets under management. Among the 10 most similar advisory firms, Metropolitan West Asset Management has the 2nd highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $109.55 billion for 147 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 3% of the firm’s clients are foreign persons or businesses.

Metropolitan West Asset Management doesn't advise any private funds.

Careers at Metropolitan West Asset Management LLC

The company employs 315 people that are either part- or full-time employees. 35 percent of the employees work as investment advisers or researchers. 15 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Richard Scott Hollander has been acting as President since 1 Sep 1996. Tcw Owners Llc joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 45 indirect owners.

Based in Los Angeles

The principal office where Metropolitan West Asset Management LLC performs its advisory services is located at 865 S. Figueroa Street, Los Angeles, CA 90017 2593, 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 213-244-1050 or by fax 213-244-0481. The normal business hours are 6:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at mwamllc.com.

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