Newoak Asset Management LLC
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Overview
Newoak Asset Management LLC operates as a financial advisor firm located in New York, New York. The company administers $33.2 million in assets under management throughout four client accounts. The firm has a small group, including 3 financial advisors. Newoak Asset Management LLC is not a registered broker-dealer, meaning it is not able to buy and sell securities for its customers' and own accounts and instead must go through a broker-dealer company to do so. Securities are defined as exchangable fiscal assets like bonds, stocks and options.
Newoak Asset Management LLC manages all of the firm's accounts on a discretionary basis. Discretionary management signifies that an investment advisor makes buy and sell judgments for the client's account without requiring client approval. The investment advisory firm's average account size is $8.3 million. An average advisor at Newoak Asset Management LLC manages around one client account, making it one of the most individualized financial advisor firms in the country.
The company's main office is located at 3 Columbus Circle, 15Th Fl., New York, New York 10019-8760.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Newoak Asset Management LLC by the Numbers
$33.2 million
10
4
$8.3 million
Fee Structure
Fees charged by financial advisors vary depending on which service is provided. However, fee types billed by the firm likely are comprised of the following fee types: asset-based or fixed. The firm does not provide a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 32% of firms
Fixed
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 26% of firms that offer this fee type
Performance-based
-
Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 10% of firms that offer this fee type
Other
Types of Clients
Newoak Asset Management LLC provides services to pooled investment vehicles and corporations. Out of its four accounts, Newoak Asset Management LLC's largest client by number of accounts is corporations. None of the company's accounts are represented by people 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
Newoak Asset Management LLC does not have any disclosures.
Please visit its Form ADV for more details.
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