Cutwater Asset Management Corp. (New York)

Name: Cutwater Asset Management Corp.
Address: 200 Park Ave, New York, NY, 10016
Telephone: 212-527-1800

Cutwater Asset Management Corp. is a large advisory firm based in New York. It manages $423.42 million of regulatory assets for 20 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Delaware, Florida, Georgia, Illinois, and New York.

Cutwater Asset Management Corp provides 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.

Cutwater Asset Management Corp: assets under management

The assets under management (AUM) of Cutwater Asset Management Corp. is $423.42 million. The firm's AUM has gone down by -98% since the beginning of its operation, and $182.83 million of the total AUM is attributable to clients outside of the United States.

The firm manages $240.59 million in discretionary accounts and $182.83 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $17.19 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $30.47 million.

Investments

The firm invests in government bonds the most. They account for 82% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 14% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cutwater Asset Management Corp. for their services and products based on a percentage of assets under management and fixed 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.

What kind of clients Charles Bowen Farquharson serves?

The firm provides services to pooled investment vehicles and state or municipal government entities. The largest group of clients of Charles Bowen Farquharson is state or municipal government entities with 14 clients and $240.59 million of assets under management. Among the 8 most similar advisory firms, Cutwater Asset Management Corp has the highest percentage of state or municipal government entities out of all clients.

The amount of regulatory assets under management is $423.42 million for 20 clients. 43% of the firm’s clients are foreign persons or businesses.

Cutwater Asset Management Corp also advises several private funds. Namely, six securitized asset funds. The minimum investment commitment required of non-related persons ranges from $200,000 to $1,000,000.

Careers at Cutwater Asset Management Corp.

Charles Bowen Farquharson has been acting as President since 1 Jan 2015. Seth Gelman joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Edmund Gerard Berrigan	Director and managing director	1 Jun 1994	Other	1862410
Richard John Walz	Financial operations principal	1 Aug 1995	Other	1392836
Clifford Dean Corso	Chief compliance officer	1 Jan 1996	Other	2477519
Clifford Dean Corso	Ceo, chief compliance officer, director	1 Feb 1998	Other	2477519
Llc Cutwater Holdings	Owner	1 Feb 1998	75% - 100%	06-1185706
Joseph Ralph Sr Schachinger	Financial operations principal	1 Apr 2000	Other	3038458
Leonard Israel Chubinsky	Secretary	1 Oct 2000	Other	xxx-xx-xxxx
Llc Cutwater Holdings	Owner	1 Dec 2000	75% - 100%	06-1185706
Clifford Dean Corso	Ceo	1 Dec 2000	Other	2477519
Marc Dana Morris	Treasurer and director	1 Oct 2004	Other	xxx-xx-xxxx
Fallon William Charles	Director	1 Jan 2006	Other	xxx-xx-xxxx
Joseph Lowndes Sevely	Treasurer and director	1 Jul 2010	Other	5859817
Ahsan Shamim Chaudhri	Financial operations pincipal	1 Jan 2012	Other	5992057
Charles Bowen Farquharson	Director	1 Jan 2015	Other	5615773
Abdallah Habib Nauphal	Director	1 Jan 2015	Other	6155611
Gregory Allan Brisk	Director	1 Jan 2015	Other	5859270
Mitchell Evan Harris	Chairman	1 Jan 2015	Other	4359464
Robin Jayne Shulman	Chief compliance officer	1 Apr 2015	Other	2719030
Clifford Dean Corso	Chief executive officer and chief compliance officer	1 Jun 2017	Other	2477519
Jonathan Eliot	Director	1 Nov 2017	Other	6880760
Danielle Maria Pagano	Director	1 Nov 2017	Other	2335850
Clifford Dean Corso	Chief executive officer	1 Dec 2017	Other	2477519
Seth Gelman	Chief compliance officer	1 Dec 2017	Other	4276435

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Mbia Inc.	Indirect owner	1 Dec 2000	75% - 100%	06-1185706
L.P. And Affiliates Warburg Pincus Private Equity X	Shareholder common stock	1 Mar 2009	25% - 50%	26-0849130
The Bank Of New York Mellon	Indirect owner of camc	1 Jan 2015	75% - 100%	13-2614959
The Bank Of New York Mellon Corporation	Indirect owner	1 Jan 2015	75% - 100%	13-2614959

Based in New York

The principal office where Cutwater Asset Management Corp. performs its advisory services is located at 200 Park Ave, New York, NY 10016, 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 212-527-1800. 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 cutwater.com.