Sunamerica Asset Management, LLC
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Overview
Sunamerica Asset Management, LLC operates as an advisory company that has its headquarters in Jersey City, New Jersey. It handles $53.2 billion in assets under management over 89 customer accounts, placing it among the largest financial advisory firms in the nation by assets under management (AUM). The firm has an average-sized team, including 13 financial advisors. Sunamerica Asset Management, LLC does not act as a registered broker-dealer, signifying that it is not able to buy and sell securities for its own accounts as well as its clients' and instead is required to go through a broker-dealer company to do so. Securities are exchangable financial investments like bonds, stocks and options.
Sunamerica Asset Management, LLC oversees all of the company's client assets in a discretionary manner. Discretionary management is a structure in which transaction choices for the client's account are made by an investment advisor without needing to seek the customer's authorization. The company manages about $598.2 million for each client account. The typical financial advisor at Sunamerica Asset Management, LLC manages about seven client accounts, placing it among the more individualized financial advisor firms in the country.
The firm's main office is located at Harborside 5, Jersey City, New Jersey 7311. The company is permitted to provide services to investors in the state of New Jersey.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Sunamerica Asset Management, LLC by the Numbers
$53.2 billion
91
89
$598.2 million
Products and Services
Financial services that Sunamerica Asset Management, LLC provides can include portfolio management for investment companies and selection of other advisers. Notably, it did not provide any of its clients with financial planning services in the previous financial year. Sunamerica Asset Management, LLC is engaged in selling products or offering services apart from investment advisory services to its clients. The company is affiliated with a number of other service providers in the financial services industry, including with a broker-dealer or securities dealer, trust company, insurance company or agency and commodity pool advisor.
Core Advisor Services
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Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees for financial management depend on the type of financial services offered. However, fees billed by Sunamerica Asset Management, LLC typically consist of the following fee structure: asset-based. The company does not provide a wrap fee program, in which the company offers a service bundle for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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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 provides services to investment companies. Out of its 89 customers, Sunamerica Asset Management, LLC's biggest client type is investment companies. None of the company's accounts are from outside of the U.S.
- 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
Sunamerica Asset Management, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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