Asc Trust Corporation (Hagatna)

Name: Asc Trust Corporation
Address: 120 Father Duenas Ave., Hagatna, 96910
Telephone: 671-477-2724

Asc Trust Corporation is a large advisory firm based in Hagatna. It manages $410 million of regulatory assets for 522 client accounts. It has been registered with the SEC as an adviser since 2007.

Asc Trust Corporation provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, educational seminars and workshops, and investment & training support for defined contribution retirement plans. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Asc Trust Corporation: assets under management

The assets under management (AUM) of Asc Trust Corporation is $410 million. The firm's AUM has grown by 30% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $202 million in discretionary accounts and $208 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $782.95 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $787.88 thousand.

Asc Trust Corporation has custody of $410 million in cash and securities for 522 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Asc Trust Corporation for their services and products based on a percentage of assets under management. 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.

Careers at Asc Trust Corporation

Asc Trust Corporation is owned by Pedro Palomo Ada. David Joseph John has been acting as President since 1 Jan 1992. Pom Sik Kim joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Joseph John	President	1 Jan 1992	50% - 75%	1827454
Pedro Palomo Ada	Owner	1 Jan 1995	Other	5044080
Donald Harvey Clark	Vice president / chief compliance officer	1 Jan 1998	Other	5039391
Pom Sik Kim	Owner	1 Jan 2003	Other	5044081

Based in Hagatna

The principal office where Asc Trust Corporation performs its advisory services is located at 120 Father Duenas Ave., Hagatna, 96910, 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 671-477-2724 or by fax 671-477-2729. The normal business hours are 8am to 5pm on Monday - Friday. You can find more information about the New York firm at www.ascpac.com.