Optima Asset Management LLC
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Overview
Optima Asset Management LLC operates as a financial advisor firm located in New York, New York. The company manages $948.9 million in total assets over 24 customer accounts, placing it among the bigger investment advisory firms in the country by assets under management (AUM). Optima Asset Management LLC has a small group, including 11 financial advisors. Optima Asset Management LLC is not a registered broker-dealer, signifying that it is not able to buy and sell securities for its clients' and own accounts and instead is required to go through a broker-dealer company to do so. Securities are exchangable financial assets such as options, bonds and stocks.
Optima Asset Management LLC administers 15 of the company's client assets on a discretionary basis. Discretionary management means that transaction decisions are made by an investment advisor without requiring the client's consent. Optima Asset Management LLC also oversees nine non-discretionary accounts totaling $266.5 million in assets. The company oversees an average of $39.5 million in assets for each account. An average financial advisor at Optima Asset Management LLC manages about two client accounts, making it one of the most individualized firms in the country.
Optima Asset Management LLC's main office is located at 10 East 53Rd Street, New York, New York 10022.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Optima Asset Management LLC by the Numbers
$948.9 million
22
24
$39.5 million
Products and Services
Optima Asset Management LLC offers a variety of services, including portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients and selection of other advisers. The firm does not sell products or offer services apart from investment advisory services to its investment advisory customers. It is affiliated with one or more other companies in the financial services industry, including with a 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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Offered by 46% of firms
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 advice typically vary depending on the type of services offered. However, fees billed by the firm most likely consist of the following fee types: asset-based, fixed or performance-based. Optima Asset Management LLC does not supply a wrap fee program, in which the firm offers a bundle of services for a single fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 26% of firms
Performance-based
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
Optima Asset Management LLC manages money for a number of different customers. It works with high net worth investors, investment companies, pooled investment vehicles, charitable organizations and corporations. Out of its 24 accounts, Optima Asset Management LLC's biggest client group is pooled investment vehicles, but it also caters to three 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 at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). About 46% of its accounts are non-U.S. persons.
- High-Net-Worth Individuals* - 12.5%
- Other Individuals - 0%
- Corporations - 83.33%
- Charitable Organizations - 4.17%
* 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
Optima Asset Management LLC does not have any disclosures.
Please visit its Form ADV for more details.
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