Altisource Asset Management Corporation (Christiansted)

Name: Altisource Asset Management Corporation
Address: 5100 Tamarind Reef, Christiansted, VI, 00820
Telephone: 770-644-7450

Altisource Asset Management Corporation is a large advisory firm based in Christiansted. It manages $135.05 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of Virgin Islands, U.S..

Altisource Asset Management Corporation provides 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.

Altisource Asset Management Corporation: assets under management

The assets under management (AUM) of Altisource Asset Management Corporation is $135.05 million. $135.05 million of the total AUM is attributable to clients outside of the United States.

Altisource Asset Management Corporation has custody of $135.05 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in cash and cash equivalents the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Altisource Asset Management Corporation for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Salah Saabneh serves?

The firm provides services to insurance companies and pooled investment vehicles. The largest group of clients of Salah Saabneh is pooled investment vehicles with 1 clients and $132.28 million of assets under management. Among the 7 most similar advisory firms, Altisource Asset Management Corporation has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $135.05 million for 2 clients. 100% of the firm’s clients are foreign persons or businesses.

Altisource Asset Management Corporation doesn't advise any private funds.

Careers at Altisource Asset Management Corporation

The company employs 103 people that are either part- or full-time employees. 12 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.

Salah Saabneh has been acting as President since 1 Dec 2014. Rene Dittrich joined the executive team most recently as the Chief Accounting Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William Charles Erbey	Chairman	1 Mar 2012	25% - 50%	1110959
Stephen Henry Gray	General counsel and secretary; chief compliance officer	1 Dec 2012	Other	4801467
Ashish Pandey	Executive chairman	1 Dec 2012	Other	6250536
Robert Charles Schweitzer	Director	1 Dec 2012	Other	5897813
Dale Kurland	Director	1 Dec 2012	Other	2330802
Paul T Bossidy	Director	1 Dec 2012	Other	6256953
Cindy Gertz	Director	1 Dec 2012	Other	6257228
Salah Saabneh	Executive vice president, corporate development	1 Feb 2013	Other	4479121
Kenneth Donald Najour	Chief financial officer	1 Mar 2013	Other	6250104
Adam David Appleby	Chief operating officer	1 Mar 2014	Other	6318750
Nathaniel Redleaf	Director	1 May 2014	Other	5076410
Kenneth Donald Najour	Chief accounting officer	1 Oct 2014	Other	6250104
Robin Neil Lowe	Chief financial officer	1 Oct 2014	Other	6473364
Salah Saabneh	Director	1 Dec 2014	Other	4479121
George G Ellison	Chief executive officer	1 Feb 2015	Other	1573550
Ricardo Clarence Byrd	Director	1 Jun 2015	Other	6631572
Ricardo C Byrd	Director	1 Jun 2015	Other	6631572
John Percy De Jongh	Director	1 Dec 2016	Other	6775898
John P De Jongh	Director	1 Dec 2016	Other	6775898
Rene Dittrich	Chief accounting officer	1 May 2017	Other	6576800

Based in Christiansted

The principal office where Altisource Asset Management Corporation performs its advisory services is located at 5100 Tamarind Reef, Christiansted, VI 00820, 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 770-644-7450 or by fax 340-692-4428. The normal business hours are 8:00 am to 8:00 pm on Monday - Friday. You can find more information about the New York firm at altisourceamc.com.