W.P. Stewart Asset Management Ltd. (New York)


W.P. Stewart Asset Management Ltd. is a large advisory firm based in New York. It manages $230.99 million of regulatory assets for 10 client accounts. It has been registered with the SEC as an adviser since 2002.

W.P. Stewart Asset Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

W.P. Stewart Asset Management: assets under management

The assets under management (AUM) of W.P. Stewart Asset Management Ltd. is $230.99 million. The firm's AUM has gone down by -88% since the beginning of its operation, and $230.99 million of the total AUM is attributable to clients outside of the United States.

The firm manages $227.68 million in discretionary accounts and $3.31 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $25.3 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.31 million.

Investments

The firm invests in exchange traded securities the most. They account for 99% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay W.P. Stewart Asset Management Ltd. for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients William Peirce Stewart serves?

The firm provides services to other investment advisers, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of William Peirce Stewart is corporations or other businesses with 6 clients and $154.45 million of assets under management. Among the 9 most similar advisory firms, W.P. Stewart Asset Management has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $230.99 million for 9 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 100% of the firm’s clients are foreign persons or businesses.

W.P. Stewart Asset Management doesn't advise any private funds.

Careers at W.P. Stewart Asset Management Ltd.

William Peirce Stewart has been acting as President since 1 Nov 1997. David Michael Lesser joined the executive team most recently as the Corporate Secretary.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
John Carl Russell Director, deputy chairman and chief executive officer 1 Apr 1997 Other 1882179
William Peirce Stewart Director 1 Nov 1997 25% - 50% 436479
John Carl Russell Director, deputy chairman and managing director 1 Nov 1997 Other 1882179
Ltd. W.P. Stewart & Co. 100% shareholder 1 Jun 1998 75% - 100% 105655
Llc W.P. Stewart & Co. 100% shareholder 1 Jun 1998 75% - 100% 105655
John Anthony Allison Director, chairman and chief executive director 1 Dec 1998 Other 1783867
Alexander Manouchehr Farman Farmaian Director 1 Dec 1998 Other 1817919
Rocco Macri Director, managing director and chief financial officer 1 Mar 1999 Other 4123998
Frederick Michael Ryan Deputy managing director 1 Oct 1999 Other 4343658
Rocco Macri Finance director 1 Oct 1999 Other 4123998
Charles G.R. Target Director 1 Jan 2000 Other 4344559
Susan Gayle Leber Director of financial operations 1 Jul 2002 Other 4123951
Michael W. Stamm General counsel, chief compliance officer and assistant secretary 1 Aug 2002 Other 4578039
Michael William Stamm General counsel, chief compliance officer and assistant secretary 1 Aug 2002 Other 4578039
Karen Lynn Glassman Deputy managing director 1 Aug 2003 Other 1075657
John Carl Russell Director, deputy chairman and chief executive officer 1 Sep 2004 Other 1882179
Rocco Macri Director, managing director and chief financial officer 1 Sep 2004 Other 4123998
Susan Gayle Leber Deputy managing director - finance 1 Sep 2004 Other 4123951
Seth Louis Pearlstein General counsel, chief compliance officer & assistant secretary 1 Jul 2007 Other 5403521
Mark Bergen Director, chief operating officer & chief financial officer 1 Sep 2010 Other 4918787
Louis Thomas Mangan Executive director 1 Dec 2013 Other 2937910
Silvio D Cruz Executive director 1 Dec 2013 Other 3064408
Bertrand Reimmel Executive director 1 Dec 2013 Other 6295681
Mark Randall Manley Chief compliance officer 1 Dec 2013 Other 1294370
Silvio Diniz Cruz Executive director 1 Dec 2013 Other 3064408
Bertrand Joseph Reimmel Executive director 1 Dec 2013 Other 6295681
David Michael Lesser Corporate secretary 1 Sep 2016 Other 2822514

Indirect Owners

The SEC currently registers 10 indirect owners.

Name Entity Date acquired Ownership Employer ID
Alliancebernstein L.P. 100% shareholder of abcd 1 Aug 1991 75% - 100% 108477
William Peirce Stewart Trustee for various trusts 1 Apr 1998 25% - 50% 436479
Inc. Wps Ii. Majority shareholder of w.p. stewart & co., ltd. (parent company) 1 Jun 1998 25% - 50% 13-4017257
Arrow Advisors Llc Shareholder 1 Aug 2008 25% - 50% 01-0761219
Alexander Egon Von Furstenberg Shareholder 1 Aug 2008 25% - 50% 2425784
Mal Theodore Serure Shareholder 1 Aug 2008 25% - 50% 2999494
Arrow Capital Management Llc Shareholder 1 Aug 2008 25% - 50% 01-0761224
Alliancebernstein Corporation Of Delaware 100% shareholder of wpscl 1 Dec 2013 75% - 100% 13-2778645
Alliancebernstein L.P. 100% shareholder 1 Dec 2013 75% - 100% 108477
Alliancebernstein International Llc 100% shareholder 1 Dec 2013 75% - 100% 0

Based in New York

The principal office where W.P. Stewart Asset Management Ltd. performs its advisory services is located at 1345 Avenue Of The Americas, New York, NY 10105, 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 212-969-1000 or by fax 212-969-2293. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at abglobal.com.

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