Ami Asset Management Corp (Los Angeles)

Name: Ami Asset Management Corp
Address: 10866 Wilshire Blvd., Ste 770, Los Angeles, CA, 90024
Telephone: 424 320-4000

Ami Asset Management Corp is a large advisory firm based in Los Angeles. It manages $1.7 billion of regulatory assets for 1,308 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 6 other states.

Ami Asset Management Corp provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and model based 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.

Ami Asset Management Corp: assets under management

The assets under management (AUM) of Ami Asset Management Corp is $1.7 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1143% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.7 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.3 million each.

Ami Asset Management Corp has custody of $104.05 million in cash and securities for 120 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 78% of the total AUM. The second-largest asset type is state and local bonds, which make up 10% of the firm’s portfolio. Investments in investment grade corporate bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ami Asset Management Corp for their services and products based on a percentage of assets under management 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 William Howard Tanner serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of William Howard Tanner is high net worth individuals with 255 clients and $770.8 million of assets under management. Among the 8 most similar advisory firms, Ami Asset Management Corp has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.7 billion for 1,308 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Ami Asset Management Corp also advises several private funds.

Careers at Ami Asset Management Corp

The company employs 14 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 10 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

William Howard Tanner has been acting as President since 1 Aug 2013. Christian Russel Sessing has served as the Chief Investment Officer since 1 Nov 2014. Matthew Tod Humiston joined the executive team most recently as the President, Coo.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Neal Hoffer	President	1 Sep 1993	25% - 50%	2430142
Anthony Peyrot	Cfo	1 Sep 1993	25% - 50%	2600603
William Howard Tanner	Director	1 Sep 1993	25% - 50%	4388542
Peter Mainstain	Secretary	1 Sep 1993	25% - 50%	4388544
Anthony Gordon Peyrot	Shareholder	1 Sep 1993	25% - 50%	2600603
Steve Blatt	Advisory affiliate	1 Jul 2001	Other	4544193
Steven David Blatt	Advisory affiliate	1 Jul 2001	Other	4544193
Neal Hoffer	Director	1 Aug 2001	25% - 50%	2430142
William Howard Tanner	President	1 Aug 2001	25% - 50%	4388542
Matthew Tod Humiston	Coo, executive vice president, advisory affiliate	1 Mar 2002	Other	4544190
Christian Russel Sessing	Senior financial analyst	1 Jul 2005	Other	2317088
Katharine Kim	Chief compliance officer	1 Aug 2011	Other	4417008
Katharine Kim	Chief compliance officer & corporate secretary	1 Aug 2012	Other	4417008
Peter Mainstain	Partner	1 Aug 2012	25% - 50%	4388544
William Howard Tanner	Chairman	1 Aug 2013	25% - 50%	4388542
Matthew Tod Humiston	President, coo	1 Aug 2013	25% - 50%	4544190
Christian Russel Sessing	Chief investment officer	1 Nov 2014	Other	2317088

Based in Los Angeles

The principal office where Ami Asset Management Corp performs its advisory services is located at 10866 Wilshire Blvd., Ste 770, Los Angeles, CA 90024, which is also the mailing address of the firm. An additional office of the firm is in Denver, CO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 424 320-4000 or by fax 424 320-4181. The normal business hours are 6:30 am - 3:30 pm on Monday - Friday. You can find more information about the New York firm at amiassetmanagement.com.