Terra Nova Asset Management LLC (New York)

Name: Terra Nova Asset Management LLC
Address: 777 Third Avenue, New York, NY, 10017
Telephone: 212-355-1234

Terra Nova Asset Management LLC is a large advisory firm based in New York. It manages $121.94 million of regulatory assets for 99 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, New York, and Texas.

Terra Nova Asset Management provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Terra Nova Asset Management: assets under management

The assets under management (AUM) of Terra Nova Asset Management LLC is $121.94 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -23% since the beginning of its operation, and $72.74 million of the total AUM is attributable to clients outside of the United States.

The firm manages $121.94 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.23 million each.

Terra Nova Asset Management has custody of $47.88 million in cash and securities for 13 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 36% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 27% of the firm’s portfolio. Investments in cash and cash equivalents form 26% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Terra Nova Asset Management LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Terra Nova Asset Management serves?

The only and largest group of clients of Terra Nova Asset Management is high net worth individuals with 53 clients and $121.29 million of assets under management. Among the 9 most similar advisory firms, Terra Nova Asset Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $121.29 million for 53 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 33% of the firm’s clients are foreign persons or businesses.

Terra Nova Asset Management doesn't advise any private funds.

Careers at Terra Nova Asset Management LLC

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Petra Maria Peters	Member	1 May 1998	50% - 75%	1636973
Daniel Karl Baumgartner	Member	1 May 1998	Other	2350488
Robert Allan Moore	Member	1 May 1998	Other	2859071
Constantin Boden	Member	1 May 1998	Other	4372649
Daniel Karl Baumgartner	Member/chief compliance officer	1 Oct 2004	Other	2350488
Constantin Boden	Member	1 Jun 2006	Other	4372649

Based in New York

The principal office where Terra Nova Asset Management LLC performs its advisory services is located at 777 Third Avenue, New York, NY 10017, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-355-1234 or by fax 212-6589904. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at terranovausa.com.