Us Asset Management, LLC (Pittsburgh)

Name: Us Asset Management, LLC
Address: 211 N. Whitfield Street, Pittsburgh, PA, 15206
Telephone: 412-231-8209

Us Asset Management, LLC is a large advisory firm based in Pittsburgh. It manages $176.81 million of regulatory assets for 28 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdiction of Pennsylvania.

Us Asset Management provides portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Us Asset Management: assets under management

The assets under management (AUM) of Us Asset Management, LLC is $176.81 million. The firm's AUM has grown by 491% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $168.59 million in discretionary accounts and $8.23 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $7.33 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.65 million.

Investments

The firm invests in non-exchange traded securities the most. They account for 31% of the total AUM. The second-largest asset type is investment and business development companies, which make up 24% of the firm’s portfolio. Investments in government bonds form 18% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Us Asset Management, LLC for their services and products based on a percentage of assets under management. 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 Patrick Joseph Naughton serves?

The only and largest group of clients of Patrick Joseph Naughton is state or municipal government entities with 23 clients and $168.59 million of assets under management. Among the 12 most similar advisory firms, Us Asset Management has the highest percentage of state or municipal government entities out of all clients.

The amount of regulatory assets under management is $168.59 million for 23 clients. None of the firm’s clients are foreign persons or businesses.

Us Asset Management doesn't advise any private funds.

Careers at Us Asset Management, LLC

The company employs 6 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Patrick Joseph Naughton has been acting as President since 1 Jan 2006. Matthew J Zeleznik joined the executive team most recently as the Cco.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Charles Wiesner	Member	1 Oct 2002	Other	2469193
Steve Maslek	Non operational member	1 Oct 2002	Other	3163072
William Randall Frederick	Principal	1 Oct 2002	Other	1175035
Christopher Milo Shelby	Principal	1 Oct 2002	Other	421118
Thomas Boone Kinney	Principal	1 Oct 2002	Other	501471
John Charles Kern	Principal	1 Oct 2002	Other	1038507
Steven Michael Maslek	Principal, president and chief compliance officer	1 Oct 2002	Other	3163072
Patrick Joseph Naughton	Director	1 Jan 2006	Other	2997679
James Mccarthy	Executive vice president	1 Feb 2008	Other	1624089
Charles Howard Kennedy	Chief compliance officer	1 Feb 2008	Other	2648104
Ronald Mark Weiss	Executive vice president	1 Feb 2008	Other	1222193
James L Mccarthy	Executive vice president	1 Feb 2008	Other	2507604
Gregory Volitich	President and cio	1 Feb 2008	Other	3163072
Sarah Gorr	Chief compliance officer	1 May 2008	Other	3109538
Emery Jerome Levick	Director of investments	1 Jun 2010	Other	1675803
Mark Patrick Flaherty	Member	1 Dec 2011	50% - 75%	2030161
Matthew J Zeleznik	Cco	1 Mar 2015	Other	6466111

Based in Pittsburgh

The principal office where Us Asset Management, LLC performs its advisory services is located at 211 N. Whitfield Street, Pittsburgh, PA 15206, 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 412-231-8209 or by fax 412-231-8210. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at usasset.net/.