Scion Asset Management, LLC
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Overview
Scion Asset Management, LLC is a financial advisor firm that has its headquarters in Saratoga, California. The firm administers $238.0 million in assets under management over four customer accounts, making it a mid-tier financial advisory firm in the country by assets under management (AUM). It has a small team, including 2 financial advisors. Scion Asset Management, LLC does not act as a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its clients' and own accounts and instead must go through a broker-dealer firm to do so. Securities are tradable fiscal assets like equities, bonds and options.
Scion Asset Management, LLC manages all of its client assets on a discretionary basis. Discretionary management means that an investment advisor has the discretion to make buy and sell judgments without requiring the customer's authorization. The company's average account size is $59.5 million. An average advisor at Scion Asset Management, LLC manages around two client accounts, placing it among the most personalized firms in the country.
Scion Asset Management, LLC's headquarters is located at 20665 4Th Street, Saratoga, California 95070. The firm is allowed to provide services to clients throughout a number of states, including California and Tennessee.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Scion Asset Management, LLC by the Numbers
$238.0 million
6
4
$59.5 million
Fee Structure
Financial management fees vary depending on which services the firm provides the client. Fees billed by the company can include some blend of the following fee structures: asset-based or performance-based. The firm does not participate in a wrap fee program, in which the company offers a service bundle for a comprehensive fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
It works with pooled investment vehicles. Out of its four clients, Scion Asset Management, LLC's biggest client by number of accounts is pooled investment vehicles. About 50% of the company's clients are non-U.S. persons.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 0%
- Corporations - 100%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Scion Asset Management, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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