Stansberry Asset Management, LLC is a large advisory firm based in New York. It manages $384.41 million of regulatory assets for 854 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Alabama, Arizona, California, and 30 other states.
Stansberry Asset Management provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Stansberry Asset Management, LLC is $384.41 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 1020% since the beginning of its operation, and $2.18 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay Stansberry Asset Management, LLC 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.
The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Molly Kathleen Lienesch is high net worth individuals with 709 clients and $348.49 million of assets under management. Among the 9 most similar advisory firms, Stansberry Asset Management has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $384.41 million for 854 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Stansberry Asset Management doesn't advise any private funds.
The company employs 16 people that are either part- or full-time employees. 13 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Molly Kathleen Lienesch has been acting as President since 1 Feb 2017. John Thomas Formichella joined the executive team most recently as the Chief Compliance Officer.
The principal office where Stansberry Asset Management, LLC performs its advisory services is located at 1350 Avenue Of The Americas, New York, NY 10019, 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 646-854-4370 or by fax 646-304-0464. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at stansberryam.com/.