Albemarle Asset Management Ltd (Boca Raton)

Albemarle Asset Management Ltd is a large advisory firm based in Boca Raton. It manages $120.19 million of regulatory assets for 21 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Florida and Virginia.

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

Albemarle Asset Management: assets under management

The assets under management (AUM) of Albemarle Asset Management Ltd is $120.19 million. The firm's AUM has grown by 165% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $26.16 million in discretionary accounts and $94.03 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.74 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $15.67 million.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Albemarle Asset Management Ltd 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.

Careers at Albemarle Asset Management Ltd

Joseph Erdman has been acting as President since 1 Nov 2002. Albemarle Asset Management Ltd joined the executive team most recently as the President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Albemarle Asset Management Ltd	President	1 Nov 2002	75% - 100%	125949
Joseph Erdman	President	1 Nov 2002	75% - 100%	4650771

Based in Boca Raton

The principal office where Albemarle Asset Management Ltd performs its advisory services is located at 550 S.E. Mizner Blvd., Boca Raton, FL 33432 5585 The mailing address of the firm is C/O Kammerer & Company, Boca Raton, FL 33487 1395. An additional office of the firm is in Charlottesville, VA. It doesn’t run an office outside of the United States.