Asb Capital Management LLC (Bethesda)

Name: Asb Capital Management LLC
Address: 7501 Wisconsin Avenue, West Tower, Bethesda, MD, 20814
Telephone: 240-482-2900

Asb Capital Management LLC is a large advisory firm based in Bethesda. It manages $25.24 billion of regulatory assets for 104 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Asb Capital Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and publication of newsletters. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Asb Capital Management: assets under management

The assets under management (AUM) of Asb Capital Management LLC is $25.24 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 203% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $25.24 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $242.65 million each.

Asb Capital Management has custody of $6.12 billion in cash and securities for 3 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 33% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 25% of the firm’s portfolio. Investments in state and local bonds form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Asb Capital Management LLC 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 F (Mi Only) Mcsweeny serves?

The firm provides services to insurance companies, 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 F (Mi Only) Mcsweeny is pooled investment vehicles with 6 clients and $23.25 billion of assets under management. Among the 11 most similar advisory firms, Asb Capital Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $25.24 billion for 75 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.

Asb Capital Management doesn't advise any private funds.

Careers at Asb Capital Management LLC

The company employs 75 people that are either part- or full-time employees. 47 percent of the employees work as investment advisers or researchers. 19 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 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.

William F (Mi Only) Mcsweeny has been acting as President since 1 Nov 1997. Peter Lindner has served as the Chief Investment Officer since 1 Mar 2004. Patricia Saul Lotuff joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Bernard Francis Ii Saul	Chairman of board of directors	1 Nov 1997	75% - 100%	1512547
William F (Mi Only) Mcsweeny	Director	1 Nov 1997	Other	2743170
William F Mcsweeny	Director	1 Nov 1997	Other	2743170
Allison Ann Ferko	Chief legal officer	1 Nov 1997	Other	2882256
John R Whitmore	Chairman of the board of directors	1 Oct 1999	Other	1483250
Chevy Chase Asset Management Company	Owner	1 Oct 2000	75% - 100%	52-2308710
Peter Michael Welber	Director	1 Aug 2003	Other	4717090
Walter Robert Fatzinger	Director	1 Sep 2003	Other	1475537
Daniel Brendan Mulvey	President & ceo	1 Dec 2003	Other	1976010
Peter Lindner	Chief investment officer	1 Mar 2004	Other	2414366
Sherri Lewis	Chief financial officer	1 May 2004	Other	4891243
Paul Roy Duncan	Chief compliance officer	1 Jan 2005	Other	3061348
Thomas Mccormick	Director	1 Jun 2005	Other	5077780
Thomas Hammond Mccormick	Vice chairman	1 Jun 2005	Other	5077780
Robert Benet Bellinger	President, asb real estate investments division	1 Jul 2006	Other	2706177
John Arnold Edwards	Chief investment officer, asb investment management division	1 Mar 2008	Other	1760934
Inc. Chevy Chase Trust Holdings	Owner	1 Feb 2009	75% - 100%	52-1510202
Howard Gregory Platts	Director	1 Feb 2009	Other	5649604
Inc. Chevy Chase Holding	Owner	1 Feb 2009	75% - 100%	52-0965622
Derwood Investment Company	Owner	1 Feb 2009	75% - 100%	52-1510202
Lasalle Doheny Leffall	Director	1 Jun 2009	Other	1477289
Peter Shepard Burr	President, asb investment management division	1 Sep 2009	Other	5301697
Bernard Francis Saul	Director	1 Dec 2009	Other	5742158
Gilbert Melville Grosvenor	Director	1 Jan 2010	Other	5773175
Gilbert M Grosvenor	Director	1 Jan 2010	Other	5773175
Joel Albert Friedman	Chief financial officer	1 Mar 2010	Other	5907347
Joel Freidman	Chief financial officer	1 Mar 2010	Other	5907347
Joel Albert Freidman	Chief financial officer	1 Mar 2010	Other	5907347
George Patrick Clancy	Director	1 Jul 2010	Other	2981916
Wendelin Anita White	Director	1 Dec 2011	Other	6035969
Peter Michael Welber	Director	1 May 2012	Other	4717090
Robert Benet Bellinger	Ceo, asb capital management llc	1 May 2012	Other	2706177
Taryn Dane Fielder	General counsel	1 Jun 2013	Other	6470562
Christine Nicolaides Kearns	Vice chair	1 Jun 2014	Other	6364110
Earl Alexander Powell	Director	1 Apr 2018	Other	6945455
Patricia Saul Lotuff	Director	1 Dec 2018	Other	7055660

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Chevy Chase Bank	Owner	1 Oct 2000	75% - 100%	52-0897004
Westminster Investing Corporation	Owner	1 Feb 2009	75% - 100%	52-0785483
Inc. Chevy Chase Holdings	Owner	1 Feb 2009	75% - 100%	52-0965622
Bernard Francis Ii Saul	Owner	1 Feb 2009	75% - 100%	1512547
Llc Chevy Chase Holdings	Owner	1 Feb 2009	75% - 100%	52-0965622
Llc Chevy Chase Trust Holdings	Owner	1 Feb 2009	75% - 100%	52-1510202
Chevy Chase Property Company	Owner	1 Feb 2009	75% - 100%	52-0965622

Based in Bethesda

The principal office where Asb Capital Management LLC performs its advisory services is located at 7501 Wisconsin Avenue, West Tower, Bethesda, MD 20814, which is also the mailing address of the firm. An additional office of the firm is in Palo Alto, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 240-482-2900 or by fax 202-482-2904. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at asbinvestmentmanagement.com and its LinkedIn profile.