Crescendo Asset Management LLC
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Overview
Crescendo Asset Management LLC operates as an advisory firm headquartered in New York, New York. It controls $184.5 million in total assets throughout 25 client accounts, placing it in the mid-tier of firms in the United States by assets under management (AUM). The firm has a small team, including 5 financial advisors. Crescendo Asset Management LLC is not a registered broker-dealer, meaning it 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 exchangable financial investments like stocks, bonds and options.
Crescendo Asset Management LLC manages all of the firm's accounts on a discretionary basis. Discretionary management means that a portfolio manager makes buy and sell judgments for the client's account without requiring the client's consent. The company's typical account size is $7.4 million. The typical financial advisor at Crescendo Asset Management LLC oversees around five client accounts, making it one of the most personalized financial advisor firms in the country.
The firm's headquarters is at 501 Madison Avenue, New York, New York 10022. The firm is allowed to serve investors in the state of New York.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Crescendo Asset Management LLC by the Numbers
$184.5 million
6
25
$7.4 million
Fee Structure
Fees for financial management vary depending on which services the firm provides the client. Fee types charged by Crescendo Asset Management LLC likely consist of some combination of the following fee structures: asset-based or performance-based. Crescendo Asset Management LLC does not supply a wrap fee program, in which the company offers a service bundle for a single fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
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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 provides services to high net worth investors, pooled investment vehicles and corporations. Out of its 25 clients, Crescendo Asset Management LLC's biggest client group is corporations, but it also manages money for six high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). Around 52% of the company's accounts are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 24%
- Other Individuals - 0%
- Corporations - 76%
- 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
Crescendo Asset Management LLC does not have any disclosures.
Please visit its Form ADV for more details.
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