Npa Asset Management, LLC (Paramus)

Name: Npa Asset Management, LLC
Address: 115 West Century Road, Paramus, NJ, 07652
Telephone: 201-476-0029

Npa Asset Management, LLC is a large advisory firm based in Paramus. It manages $517.24 million of regulatory assets for 2,109 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of California, Connecticut, Florida, and 10 other states.

Npa Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and tactical asset allocation. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Npa Asset Management: assets under management

The assets under management (AUM) of Npa Asset Management, LLC is $517.24 million. The firm's AUM has grown by 4239% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $131.06 million in discretionary accounts and $386.18 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $170.21 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $288.41 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 46% of the total AUM. The second-largest asset type is investment and business development companies, which make up 39% of the firm’s portfolio. Investments in cash and cash equivalents form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Npa Asset Management, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Peter Abramenko serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Peter Abramenko is high net worth individuals with 527 clients and $198.27 million of assets under management. Among the 12 most similar advisory firms, Npa Asset Management has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $517.24 million for 2,112 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.

Npa Asset Management doesn't advise any private funds.

Careers at Npa Asset Management, LLC

The company employs 63 people that are either part- or full-time employees. 78 percent of the employees work as investment advisers or researchers. 49 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 receive compensation from other entities for client referrals.

Peter Abramenko has been acting as President since 1 Sep 2009. James S Colleary joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael John De Pol	Founder and chairmam of the board	1 Oct 1992	50% - 75%	2087651
Michael John Depol	Ceo/cio/cfo	1 Apr 2004	50% - 75%	2087651
David Matthew Konits	Chief operating, financial, and investment officer	1 Jan 2006	Other	2531617
Michael J Karalewich	Chief compliance officer	1 May 2006	Other	2910052
Peter Abramenko	President	1 Sep 2009	50% - 75%	1405677
Michael J Karalewich	Chief executive officer	1 May 2015	Other	2910052
James S Colleary	Chief compliance officer	1 May 2015	Other	5844640

Based in Paramus

The principal office where Npa Asset Management, LLC performs its advisory services is located at 115 West Century Road, Paramus, NJ 07652, 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 201-476-0029 or by fax 201-476-0132. The normal business hours are 8:30 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at nationwideplanning.com.