Sprott Asset Management Usa Inc

CRD#139022
Investment Advisor Firm

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Overview

Sprott Asset Management Usa Inc is a financial advisory firm based in Carlsbad, California. The company handles $2.0 billion in assets over 2,574 customer accounts, making it one of the biggest investment advisory firms in the United States by assets under management (AUM). The firm has an average-sized team, including 30 financial advisors. Sprott Asset Management Usa Inc does not act as a registered broker-dealer, meaning the firm is not able to buy and sell securities for its accounts and those of its clients and instead has to go through a broker-dealer company to do so. Securities are defined as tradable financial investments like options, stocks and bonds.

Sprott Asset Management Usa Inc oversees more than half of its accounts in a discretionary manner. Discretionary management signifies that an investment advisor makes transaction judgments for the client's account without needing to seek client permission. It also oversees 415 non-discretionary accounts totaling $134.9 million in AUM. The investment advisory firm supervises about $774,150 for each client account. The average advisor at Sprott Asset Management Usa Inc oversees about 86 client accounts.

The firm's central office is at 1910 Palomar Point Way, Carlsbad, California 92008. Sprott Asset Management Usa Inc is registered to serve investors across 51 U.S. states and territories.

Assets Under Management

$2.0 billion

Number of Advisors

30

Disclosures

No

Office Location

1910 Palomar Point Way
Carlsbad, CA 92008

Sprott Asset Management Usa Inc by the Numbers

Total Assets Under Management

$2.0 billion

National Average: $8.6 billion
Total Number of Employees

45

National Average: 64
Total Number of Accounts

2,574

National Average: 375,227
Average Account Size

$774.2 thousand

National Average: $23.0 thousand
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Fee Structure

Fees charged by financial advisors typically depend on the services provided. Fee types billed by the firm most likely consist of some combination of the following fee structures: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the company.

Available

  • Offered by 69% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 26% of firms

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

Unavailable

  • Find one of the 21% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 1% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 0% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 32% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Find one of the 10% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

Sprott Asset Management Usa Inc does business with a number of different clients. The firm works with retail investors, high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations and corporations. Out of its 2,574 accounts, Sprott Asset Management Usa Inc's largest client is retail investors, although it also serves 136 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 in AUM or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 6% of the company's customers are from outside of the U.S.

  • High-Net-Worth Individuals* - 5.28%
  • Other Individuals - 86.48%
  • Corporations - 7.93%
  • Charitable Organizations - 0.31%

* 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

Sprott Asset Management Usa Inc does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Sprott Asset Management Usa Inc

Anthony Bevilaqua
Carlsbad, CA
Blake Soto
Carlsbad, CA
Thomas Ulrich
Carlsbad, CA
Edward Bonner
Carlsbad, CA
John Barker
Carlsbad, CA
Samuel Broom
Carlsbad, CA
Jessica Randhawa
Carlsbad, CA
Victoria Shorkey
Carlsbad, CA
Sergio Lujan
Toronto,

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