J.P. Morgan Alternative Asset Management, Inc. (New York)

J.P. Morgan Alternative Asset Management, Inc. is a large advisory firm based in New York. It manages $11.31 billion of regulatory assets for 137 client accounts. It has been registered with the SEC as an adviser since 2001.

J.P. Morgan Alternative Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and portfolio management for hedge funds/fund of funds. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

J.P. Morgan Alternative Asset Management: assets under management

The assets under management (AUM) of J.P. Morgan Alternative Asset Management, Inc. is $11.31 billion. The firm's AUM has grown by 237% since the beginning of its operation, and $6.88 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $6.61 billion in discretionary accounts and $4.71 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $68.1 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $117.69 million.

Investments

The firm invests in pooled investment vehicles the most. They account for 97% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio. Investments in other assets form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay J.P. Morgan Alternative Asset Management, Inc. 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 Lisa Teresa Vicital serves?

The firm provides services to insurance companies, investment companies, charitable organizations, other investment advisers, 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 Lisa Teresa Vicital is other investment advisers with 7 clients and $4.12 billion of assets under management. Among the 6 most similar advisory firms, J.P. Morgan Alternative Asset Management has the highest percentage of other investment advisers out of all clients.

The amount of regulatory assets under management is $10.13 billion for 122 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 58% of the firm’s clients are foreign persons or businesses.

J.P. Morgan Alternative Asset Management also advises several private funds. Namely, nine hedge funds and one private equity fund. The minimum investment commitment required of non-related persons ranges from $0 to $250,000.

Careers at J.P. Morgan Alternative Asset Management, Inc.

The company employs 60 people that are either part- or full-time employees. 38 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.

Lisa Teresa Vicital has been acting as President since 1 Dec 2000. Paul Anthony Zummo has served as the Chief Investment Officer since 1 Mar 2006. Jennifer Elisabeth Mcgrew joined the executive team most recently as the Director.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 5 indirect owners.

Based in New York

The principal office where J.P. Morgan Alternative Asset Management, Inc. performs its advisory services is located at 383 Madison Avenue, New York, NY 10179 0001 The mailing address of the firm is 277 Park Avenue, New York, NY 10172. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-648-1597. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday.

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