Ao Asset Management, LP (New York)

Name: Ao Asset Management, LP
Address: 950 Third Ave., New York, NY, 10022
Telephone: 212-554-3110

Ao Asset Management, LP is a large advisory firm based in New York. It manages $1.14 billion of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California and New York.

Ao Asset Management provides portfolio management for pooled investment vehicles and portfolio management for family office limited partnership. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Ao Asset Management: assets under management

The assets under management (AUM) of Ao Asset Management, LP is $1.14 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 67% since the beginning of its operation, and $667.63 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.14 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $284.46 million each.

Investments

The firm invests in exchange traded securities the most. They account for 99% of the total AUM. The second-largest asset type is derivatives, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ao Asset Management, LP for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Ao Asset Management serves?

The only and largest group of clients of Ao Asset Management is pooled investment vehicles with 1 clients and $667.63 million of assets under management. Among the 9 most similar advisory firms, Ao Asset Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $667.63 million for 1 clients. 50% of the firm’s clients are foreign persons or businesses.

Ao Asset Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Ao Asset Management, LP

The company employs 9 people that are either part- or full-time employees. 100 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 Benjamin Neiberg	Chief compliance officer & chief operating officer	1 Oct 2013	Other	2645549
Nicholas Alexander Romano	Limited partner, chief executive officer & portfolio manager	1 Oct 2013	75% - 100%	4648293
Llc Ao Manager	General partner	1 Apr 2014	Other	46-5166821

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Nicholas Alexander Romano	Managing member	1 Apr 2014	75% - 100%	4648293

Based in New York

The principal office where Ao Asset Management, LP performs its advisory services is located at 950 Third Ave., New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in Sunnyvale, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-554-3110. The normal business hours are 8 am - 6 pm on Monday - Friday. You can find more information about the New York firm at aoasset.com and its LinkedIn profile.