Centurion Asset Management, LLC (Plymouth Meeting)

Name: Centurion Asset Management, LLC
Address: 610 W. Germantown Pike, Plymouth Meeting, PA, 19462
Telephone: 610-629-0660

Centurion Asset Management, LLC is a large advisory firm based in Plymouth Meeting. It manages $251.26 million of regulatory assets for 247 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California, New Jersey, and Pennsylvania.

Centurion Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Centurion Asset Management: assets under management

The assets under management (AUM) of Centurion Asset Management, LLC is $251.26 million. The firm's AUM has grown by 222% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $117.66 million in discretionary accounts and $133.6 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $480.25 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $66.8 million.

Investments

The firm invests in investment and business development companies the most. They account for 58% of the total AUM. The second-largest asset type is exchange traded securities, which make up 32% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Centurion Asset Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Centurion Asset Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Centurion Asset Management is high net worth individuals with 69 clients and $80.56 million of assets under management. Among the 10 most similar advisory firms, Centurion Asset Management has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $107.78 million for 109 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.

Centurion Asset Management doesn't advise any private funds.

Careers at Centurion Asset Management, LLC

The company employs 10 people that are either part- or full-time employees. 90 percent of the employees work as investment advisers or researchers. 9 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
Paul George Liebezeit	Managing member and chief compliance officer	1 Oct 2010	50% - 75%	2537354
Llc The Centurion Group	Member	1 Oct 2010	50% - 75%	155430
James Gerard Hageney	Member	1 Feb 2012	Other	2436891
Kevin James Broderick	Member	1 Feb 2012	Other	2470823
Joseph Eugene Bartnicki	Member	1 Feb 2012	Other	2501032
Patrick Stewart Reisinger	Member	1 Feb 2012	Other	2561425
Marsh & Mclennan Agency Llc	Managing member	1 Apr 2019	75% - 100%	26-3237576
Mariane Ashley Liebowitz	Chief compliance officer	1 Apr 2019	Other	4532268

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Marsh Usa Inc.	Owner	1 Nov 2009	75% - 100%	36-1436000
Marsh Llc	Owner	1 Nov 2009	75% - 100%	13-4046956
Inc. Marsh & Mclennan Companies	Parent company	1 Nov 2009	75% - 100%	36-2668272
James Gerard Hageney	Managing member	1 Oct 2010	25% - 50%	2436891
Kevin James Broderick	Managing member	1 Oct 2010	25% - 50%	2470823

Based in Plymouth Meeting

The principal office where Centurion Asset Management, LLC performs its advisory services is located at 610 W. Germantown Pike, Plymouth Meeting, PA 19462, 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 610-629-0660 or by fax 610-834-0419. The normal business hours are 9:00 am-5:00 pm on Monday - Friday. You can find more information about the New York firm at centurionassetmgt.com.