Halyard Asset Management LLC (White Plains)

Name: Halyard Asset Management LLC
Address: 707 Westchester Avenue, White Plains, NY, 10604
Telephone: 914-437-5600

Halyard Asset Management LLC is a large advisory firm based in White Plains. It manages $1.38 billion of regulatory assets for 24 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Florida and New York.

Halyard 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.

Halyard Asset Management: assets under management

The assets under management (AUM) of Halyard Asset Management LLC is $1.38 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 452% since the beginning of its operation, and $897.44 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.38 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $57.51 million each.

Halyard Asset Management has custody of $17.31 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment grade corporate bonds the most. They account for 40% of the total AUM. The second-largest asset type is derivatives, which make up 31% of the firm’s portfolio. Investments in government bonds form 28% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Halyard Asset Management LLC 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 Halyard Asset Management serves?

The firm provides services to individuals, insurance companies, investment companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Halyard Asset Management is other investment advisers with 8 clients and $1.08 billion of assets under management. Among the 10 most similar advisory firms, Halyard Asset Management has the highest percentage of other investment advisers out of all clients.

The amount of regulatory assets under management is $1.38 billion for 24 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 21% of the firm’s clients are foreign persons or businesses.

Halyard Asset Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Halyard Asset Management LLC

The company employs 5 people that are either part- or full-time employees. 60 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Joseph Kastner	Managing member	1 Jun 2010	25% - 50%	1970072
Llc Dunn Capital Management	Member	1 Jun 2010	25% - 50%	27-1572928
Steven Henry Boyd	Managing member	1 Jun 2010	25% - 50%	2645295
James Russell Dailey	Cfo	1 Jun 2010	Other	5819683
Ahamed Hassanali Saleemah	Chief compliance officer	1 Jul 2010	Other	5819935
Michael Joseph Kastner	Managing member	1 Sep 2010	25% - 50%	1970072
Llc Dunn Capital Management	Member	1 Sep 2010	25% - 50%	27-1572928
Ahamed Hassanali Saleemah	Chief compliance officer	1 Sep 2010	Other	5819935
Steven Henry Boyd	Managing member	1 Sep 2010	25% - 50%	2645295
James Russell Dailey	Cfo	1 Sep 2010	Other	5819683

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
William Arthur Dunn	Open	1 Jan 2010	75% - 100%	5819582
Martin Hamilton Bergin	Open	1 Jan 2010	Other	5820351

Based in White Plains

The principal office where Halyard Asset Management LLC performs its advisory services is located at 707 Westchester Avenue, White Plains, NY 10604, 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 914-437-5600 or by fax 914-358-9721. The normal business hours are 8:00 am to 6:00 pm on Monday - Friday. You can find more information about the New York firm at halyardmgmt.com.