Fund Asset Management LP (Plainsboro)

Name: Fund Asset Management LP
Address: 800 Scudders Mill Rd., Plainsboro, NJ, 08536
Telephone: 609-282-2021

Fund Asset Management LP is a large advisory firm based in Plainsboro. It manages $168.83 billion of regulatory assets for 146 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 45 other states.

Fund Asset Management provides portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Fund Asset Management: assets under management

The assets under management (AUM) of Fund Asset Management LP is $168.83 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 23% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $168.83 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.16 billion each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Fund Asset Management LP 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 Fund Asset Management LP

Terry Kimball Glenn has been acting as President since 1 Jul 1983. Robert Charles Doll has served as the Chief Investment Officer since 1 Jun 1999 and Jeffrey Merl Peek is the Chief Executive Officer of Fund Asset Management LP family office. John J. Fosina joined the executive team most recently as the Chief Administrative Officer And Chief Financial Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Terry Kimball Glenn	Chairman	1 Jul 1983	Other	734684
Inc. Princeton Services	General partner	1 Dec 1993	Other	22-3266276
Inc. Merrill Lynch & Co.	Limited partner	1 Dec 1993	75% - 100%	13-2740599
Thomas Joseph Verage	Managing director-equity investments	1 Sep 1994	Other	1687560
Lawrence D. Haber	Chief financial officer	1 Jul 1997	Other	4347806
Jeffrey Merl Peek	Chief executive officer	1 Dec 1997	Other	1100384
Michael J. Hennewinkel	Chief legal officer	1 Aug 1998	Other	4347815
Jerry Weiss	Chief compliance officer	1 Dec 1998	Other	2174859
Diane Lynn Schueneman	Chief operations officer	1 Feb 1999	Other	854959
Robert Charles Doll	Chief investment officer	1 Jun 1999	Other	1748378
Gregory Allen Bundy	Chief administrative officer	1 Jun 1999	Other	1289634
Frank R. Salerno	Chief operating officer-americas institutional business	1 Apr 2001	Other	4491863
Philip Lawrence Kirstein	Chief legal officer	1 Aug 2001	Other	2174860
Robert Charles Doll	Chief executive officer	1 Sep 2001	Other	1748378
Kevin J. Mckenna	Managing director & head of fixed income investments	1 Sep 2001	Other	4579856
Anthony J Patti	Head-americas risk and performance	1 Nov 2001	Other	2810474
Mary Elizabeth Taylor	Head-americas region	1 Nov 2001	Other	2594854
Brian James Fullerton	Head of investments	1 Nov 2001	Other	2054485
Kenneth A. Jacob	Co-head-tax-exempt investments	1 Dec 2001	Other	4518377
John M. Loffredo	Co-head-tax-exempt investments	1 Dec 2001	Other	4518371
Emmett Matthew Wright	Cio-private investors	1 Feb 2002	Other	4467205
Brian Andrew Murdock	First vice president and chief operating officer of americas region	1 Jan 2003	Other	1029254
Donald C Burke	Treasurer	1 Jan 2003	Other	4354900
Andrew John Donohue	Chief legal officer	1 Mar 2003	Other	858126
Jay Lynn Willoughby	Cio-private investors	1 May 2003	Other	1161173
Thomas D. Jones	Chief compliance officer	1 Oct 2003	Other	4722768
James Trewin Stratford	Chief compliance officer	1 Oct 2003	Other	4348119
James Howard Kase	Head - americas institutional channel	1 Jan 2004	Other	1500986
Glenn Charles Worman	Head of business finance	1 Mar 2004	Other	2426561
Jeffrey Hiller	First vice president and director of compliance, americas	1 Jul 2004	Other	2612970
John J. Fosina	Chief administrative officer	1 Oct 2004	Other	4011944
Donald Charles Burke	Treasurer and global head of operations	1 Dec 2004	Other	4354900
Francis Michael Porcelli	Chief operating officer	1 Mar 2005	Other	1681530
Denis Richard Molleur	Chief legal officer & general counsel - americas	1 May 2006	Other	2145290
John J. Fosina	Chief administrative officer and chief financial officer	1 Sep 2006	Other	4011944

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Merrill Lynch Group	Owner of general partner	1 Dec 1993	Other	13-3408205

Based in Plainsboro

The principal office where Fund Asset Management LP performs its advisory services is located at 800 Scudders Mill Rd., Plainsboro, NJ 08536 The mailing address of the firm is Attn: Marla Moskowitz Hesse, New York, NY 10038. An additional office of the firm is in Pennington, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 609-282-2021 or by fax 609 282 - 3472. The normal business hours are 9 a.m. to 5 p.m. on Monday - Friday. You can find more information about the New York firm at www.mlim.ml.com.