Ascent/Meredith Portfolio Management Inc (New York)

Ascent/Meredith Portfolio Management Inc is a large advisory firm based in New York. It manages $956.83 million of regulatory assets for 264 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Connecticut, Florida, and 7 other states.

Ascent/Meredith Portfolio Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and market timing services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Ascent/Meredith Portfolio Management: assets under management

The assets under management (AUM) of Ascent/Meredith Portfolio Management Inc is $956.83 million. The firm's AUM has grown by 13% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $940.33 million in discretionary accounts and $16.5 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.62 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $4.13 million.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Ascent/Meredith Portfolio Management Inc 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 Ascent/Meredith Portfolio Management Inc

Karl Groth has been acting as President since 1 Oct 2000. John Norris Jacobs joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Sandra Daryl Kresch	Director	1 Sep 1999	Other	4380305
Ascent/Meredith Asset Management Incorporated	Owner	1 Oct 1999	75% - 100%	13-3983861
Peggy Ann Farley	President, ceo, cio	1 Oct 1999	75% - 100%	4061715
John Francis Damico	Treasurer	1 Oct 1999	Other	2558423
Gregory Michael Balitsos	Compliance officer	1 Oct 1999	Other	2838001
Alan Siegel	Director	1 Oct 1999	Other	4380308
Brian Victor Murray	Director	1 Oct 1999	Other	840818
William Frederick Wolff	Director	1 Oct 1999	Other	471450
Ted Richard Meredith	Director	1 Oct 1999	Other	3226783
Michael Nmn Jaharis	Shareholder	1 Oct 1999	25% - 50%	3122720
Frederick Brewster Whittemore	Shareholder	1 Oct 1999	Other	465958
Karl Groth	Director	1 Oct 2000	Other	4380299
Samuel Braswell Humphries	Director	1 Oct 2000	Other	4380301
Soo Ryong Kim	Director	1 Jan 2001	Other	4380302
John Norris Jacobs	Chief compliance officer	1 Nov 2001	Other	2681248
Robert Lawrence Grosshart	Chief operating officer	1 Nov 2001	Other	4495909

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Peggy Ann Farley	Shareholder class b common	1 Sep 1999	75% - 100%	4061715
Michael Jaharis	Shareholder class a common	1 Sep 1999	25% - 50%	3122720

Based in New York

The principal office where Ascent/Meredith Portfolio Management Inc performs its advisory services is located at 712 Fifth Avenue, New York, NY 10019, 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 212-969-9292 or by fax 212-247-3840. The normal business hours are 9 am to 5 pm on Monday - Friday.