Fleetwood Asset Management Ltd. (White Plains)

Name: Fleetwood Asset Management Ltd.
Address: 31 Mamaroneck Avenue, White Plains, NY, 10601
Telephone: 914-468-1002

Fleetwood Asset Management Ltd. is a mid-sized advisory firm based in White Plains. It manages $63.52 million of regulatory assets for 128 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of California, Connecticut, Louisiana, and New York.

Fleetwood Asset Management provides financial planning services, portfolio management for individuals and small businesses, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Fleetwood Asset Management: assets under management

The assets under management (AUM) of Fleetwood Asset Management Ltd. is $63.52 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 103% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $63.52 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $496.26 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 51% of the total AUM. The second-largest asset type is exchange traded securities, which make up 21% of the firm’s portfolio. Investments in non-exchange traded securities form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fleetwood Asset Management Ltd. for their services and products based on a percentage of assets under management and hourly charges. 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 Fleetwood Asset Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Fleetwood Asset Management is high net worth individuals with 22 clients and $53.62 million of assets under management. Among the 3 most similar advisory firms, Fleetwood Asset Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $63.52 million for 45 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.

Fleetwood Asset Management doesn't advise any private funds.

Careers at Fleetwood Asset Management Ltd.

The company employs 1 person that is either a part- or full-time employee. 100 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’s a single person 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
Joan M Guccione	President and chief compliance officer	1 Jun 2004	75% - 100%	2684031

Based in White Plains

The principal office where Fleetwood Asset Management Ltd. performs its advisory services is located at 31 Mamaroneck Avenue, White Plains, NY 10601 The mailing address of the firm is 100 Parrott Drive, Shelton, CT 06484. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 914-468-1002 or by fax 914-468-1002. The normal business hours are 10:00 - 6:00 on Other. You can find more information about the New York firm at fleetwoodasset.com.