Anda Asset Management Co., Ltd. is an adviser based in Seoul. It manages $939.04 million of regulatory assets for 24 client accounts. It has been registered with the SEC as an adviser since 2014.
Anda Asset Management Co. provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Anda Asset Management Co., Ltd. is $939.04 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 84% since the beginning of its operation, and $873.85 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Anda Asset Management Co., Ltd. for their services and products based on a percentage of assets under management 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.
The firm provides services to other investment advisers, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Jong Soon Park is pooled investment vehicles with 20 clients and $682.72 million of assets under management. Among the 4 most similar advisory firms, Anda Asset Management Co. has the 2nd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $939.04 million for 25 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 92% of the firm’s clients are foreign persons or businesses.
Anda Asset Management Co. also advises several private funds. Namely, eighteen hedge funds. The minimum investment commitment required of non-related persons ranges from $88,028 to $264,085.
The company employs 36 people that are either part- or full-time employees. 44 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Jong Soon Park has been acting as President since 1 Apr 2019. Daniel Warren Perez joined the executive team most recently as the Representative Director.
The principal office where Anda Asset Management Co., Ltd. performs its advisory services is located at 9 Th Floor Sb Tower, Seoul, 06054, which is also the mailing address of the firm. The firm also has an office outside of the United States.
You can reach the main office by calling the phone number 822-2156-2800 or by fax 822-2156-2890. The normal business hours are 08:30 ~ 17:30 on Monday - Friday. You can find more information about the New York firm at andaasset.com.