Spouting Rock Asset Management, LLC (Bryn Mawr)

Name: Spouting Rock Asset Management, LLC
Address: 925 W. Lancaster Ave., Bryn Mawr, PA, 19010
Telephone: 610-788-2128

Spouting Rock Asset Management, LLC is a large advisory firm based in Bryn Mawr. It manages $523.82 million of regulatory assets for 21 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of District of Columbia and Pennsylvania.

Spouting Rock Asset Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Spouting Rock Asset Management: assets under management

The assets under management (AUM) of Spouting Rock Asset Management, LLC is $523.82 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 20607% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $523.82 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $24.94 million each.

Investments

The firm invests in exchange traded securities the most. They account for 86% of the total AUM. The second-largest asset type is investment and business development companies, which make up 13% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Spouting Rock Asset Management, LLC for their services and products based on a percentage of assets under management, fixed fees, 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 John Edward Coyne serves?

The firm provides services to individuals and pooled investment vehicles. The largest group of clients of John Edward Coyne is pooled investment vehicles with 4 clients and $513.42 million of assets under management. Among the 11 most similar advisory firms, Spouting Rock Asset Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $522.2 million for 16 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.

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

Careers at Spouting Rock Asset Management, LLC

The company employs 11 people that are either part- or full-time employees. 55 percent of the employees work as investment advisers or researchers. 4 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.

John Edward Coyne has been acting as President since 1 Sep 2018. Tai Chin (None) Tung has served as the Chief Investment Officer since 1 Jun 2015 and Andrew Alasdair Smith is the Chief Executive Officer of Spouting Rock Asset Management, LLC family office. Michael Alfred Hullings joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Spouting Rock Financial Partners	Owner	1 Jan 2008	75% - 100%	20-5821934
Tai Chin (None) Tung	Chief investment officer	1 Jun 2015	Other	2040873
Blakely Chapman Page	Managing member	1 Feb 2016	Other	2922955
Anne Christine Czizek	Chief compliance officer	1 Mar 2016	Other	1379550
Anne C Czizek	Chief compliance officer	1 Mar 2016	Other	1379550
Blakely Chapman Page	Managing member	1 Apr 2016	Other	2922955
Michael Alfred Hullings	Chief compliance officer	1 Feb 2018	Other	6871198
Andrew Alasdair Smith	Chief executive officer	1 Feb 2018	Other	4909668
John Edward Coyne	Chairman	1 Sep 2018	Other	734992

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Blakely Chapman Page	Member	1 Oct 2006	50% - 75%	2922955

Based in Bryn Mawr

The principal office where Spouting Rock Asset Management, LLC performs its advisory services is located at 925 W. Lancaster Ave., Bryn Mawr, PA 19010, 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 610-788-2128. The normal business hours are 8:00 a.m. to 6:00 p.m. on Monday - Friday. You can find more information about the New York firm at spoutingrock.us.