Impax Asset Management, Ltd. (London)

Name: Impax Asset Management, Ltd.
Address: 7 Th Floor, London, Sw1 Y 4 Aj
Telephone: 011 44 20 3912 3000

Impax Asset Management, Ltd. is a large advisory firm based in London. It manages $10.62 billion of regulatory assets for 32 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

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

Impax Asset Management: assets under management

The assets under management (AUM) of Impax Asset Management, Ltd. is $10.62 billion. The firm's AUM has grown by 923% since the beginning of its operation, and $9.33 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $10.44 billion in discretionary accounts and $178.98 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $348.09 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $89.49 million.

Investments

The firm invests in exchange traded securities the most. They account for 97% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Impax Asset Management, Ltd. for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Keith Falconer serves?

The firm provides services to investment companies, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Keith Falconer is pooled investment vehicles with 18 clients and $8.42 billion of assets under management. Among the 12 most similar advisory firms, Impax Asset Management has the 5th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $9.78 billion for 25 clients. 83% of the firm’s clients are foreign persons or businesses.

Impax Asset Management doesn't advise any private funds.

Careers at Impax Asset Management, Ltd.

The company employs 80 people that are either part- or full-time employees. 34 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.

Keith Falconer has been acting as President since 1 Feb 2004. Joseph Francis Keefe joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Impax Asset Management Group Plc	Parent	1 Jun 1998	75% - 100%	foreign entity
Impax Group Plc	Parent	1 Jun 1998	75% - 100%	foreign entity
Ian Simm	Director	1 Aug 1998	Other	5298088
Bruce Jenkyn Jones	Director	1 Jun 2001	Other	5298090
Keith Falconer	Director	1 Feb 2004	Other	5298087
Jacqueline Brown	Compliance officer	1 Jun 2005	Other	5298091
Peter Van Egmond Rossbach	Director	1 Aug 2005	Other	1935696
Nigel David Wynne Taunt	Director	1 Jan 2008	Other	5627723
Michael Burt Knight	Chief compliance officer	1 Jul 2008	Other	5627636
Charles David Ridge	Director	1 Mar 2009	Other	5740376
Charles David Ridge	Director and chief compliance officer	1 Aug 2013	Other	5740376
Annika C Norman	Chief compliance officer	1 Feb 2014	Other	6322192
Charles David Ridge	Chief compliance officer	1 Feb 2015	Other	5740376
Joseph Francis Keefe	Director	1 Feb 2018	Other	2911389

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Bnp Paribas Investment Partners Sa	Shareholder	1 Dec 2007	25% - 50%	foreign entity
State Of Belgium	Shareholder	1 Oct 2008	25% - 50%	foreign entity
Bnp Paribas Sa	Shareholder	1 Apr 2009	50% - 75%	foreign entity
Bnp Paribas Sa	Shareholder	1 May 2009	50% - 75%	foreign entity
Fortis Bank Sa	Shareholder	1 Apr 2010	25% - 50%	foreign entity

Based in London

The principal office where Impax Asset Management, Ltd. performs its advisory services is located at 7 Th Floor, London, Sw1 Y 4 Aj, which is also the mailing address of the firm. An additional office of the firm is in Greenwich, CT. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 011 44 20 3912 3000 or by fax 011 44 207 434 1123. The normal business hours are 9.00am - 5.30pm on Monday - Friday. You can find more information about the New York firm at impaxam.com/.