Sumitomo Mitsui Asset Management Company, Limited (Minato Ku, Tokyo)

Sumitomo Mitsui Asset Management Company, Limited is a large advisory firm based in Minato Ku, Tokyo. It manages $149.63 billion of regulatory assets for 1,592 client accounts. It has been registered with the SEC as an adviser since 2019.

Sumitomo Mitsui Asset Management Company, Limited 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.

Sumitomo Mitsui Asset Management Company, Limited: assets under management

The assets under management (AUM) of Sumitomo Mitsui Asset Management Company, Limited is $149.63 billion. The firm's AUM has grown by 0% since the beginning of its operation, and $149.63 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $124.71 billion in discretionary accounts and $24.92 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $79.89 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $803.71 million.

Investments

The firm invests in exchange traded securities the most. They account for 54% of the total AUM. The second-largest asset type is sovereign bonds, which make up 20% of the firm’s portfolio. Investments in other assets form 19% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sumitomo Mitsui Asset Management Company, Limited for their services and products based on a percentage of assets under management, fixed fees, and performance-based 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 Sumitomo Mitsui Asset Management Company, Limited serves?

The firm provides services to pooled investment vehicles, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Sumitomo Mitsui Asset Management Company, Limited is pooled investment vehicles with 1,053 clients and $85.76 billion of assets under management. Among the 5 most similar advisory firms, Sumitomo Mitsui Asset Management Company, Limited has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $149.63 billion for 1,592 clients. 100% of the firm’s clients are foreign persons or businesses.

Sumitomo Mitsui Asset Management Company, Limited doesn't advise any private funds.

Careers at Sumitomo Mitsui Asset Management Company, Limited

The company employs 1,108 people that are either part- or full-time employees. 31 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 4 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.

Direct owners and executive officers

Based in Minato Ku, Tokyo

The principal office where Sumitomo Mitsui Asset Management Company, Limited performs its advisory services is located at 2 5 1 Atago, Minato Ku, Tokyo, 105 6228, which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 81-3-5405-3253 or by fax 81-3-6205-0568. The normal business hours are 8.40am - 5.10pm on Monday - Friday. You can find more information about the New York firm at smd-am.co.jp/.

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