Ascensus Investment Advisors, LLC (Newton)


Ascensus Investment Advisors, LLC is a large advisory firm based in Newton. It manages $69.45 billion of regulatory assets for 22 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Arkansas, District of Columbia, Hawaii, and 11 other states.

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Ascensus Investment Advisors provides port. mgmt including review of allocations & selection of underlying funds for qual. tuition prog. (529 plans) & 529a able prog. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Ascensus Investment Advisors: assets under management

The assets under management (AUM) of Ascensus Investment Advisors, LLC is $69.45 billion. The company doesn't manage any assets belonging to foreign clients.

Ascensus Investment Advisors has custody of $69.45 billion in cash and securities for 22 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Ascensus Investment Advisors, LLC 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.

What kind of clients Jeffrey Paul Howkins serves?

The only and largest group of clients of Jeffrey Paul Howkins is state or municipal government entities with 22 clients and $69.45 billion of assets under management. Among the 9 most similar advisory firms, Ascensus Investment Advisors has the highest percentage of state or municipal government entities out of all clients.


The amount of regulatory assets under management is $69.45 billion for 22 clients. None of the firm’s clients are foreign persons or businesses.

Ascensus Investment Advisors doesn't advise any private funds.

Careers at Ascensus Investment Advisors, LLC

The company employs 10 people that are either part- or full-time employees. 20 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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 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.

Jeffrey Paul Howkins has been acting as President since 1 Apr 2010. Jay Candelmo joined the executive team most recently as the Senior Vice President, Relationship Management.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Inc. Ascensus College Savings Managing member 1 May 2002 75% - 100% 04-3525107
Kevin Douglas Cox Chief operating officer/senior vice-president 1 Mar 2004 Other 2739370
Derek Anthony Delorenzo Senior vice-president - client relationship mgmt. 1 Jun 2006 Other 2426671
Jeffrey Paul Howkins President/chief executive officer 1 Apr 2010 Other 4878950
Sandra Irene Madden General counsel/senior vice-president/secretary 1 Apr 2012 Other 3174328
Monica Marie Poirier Chief financial officer/treasurer 1 Sep 2012 Other 2687080
Monica M Poirier Chief financial officer/treasurer/financial and operations principal 1 Sep 2012 Other 2687080
John Joseph Mulkern Chief compliance officer 1 Jun 2014 Other 4197230
Margaret Brennan Creonte Senior vice president - business development 1 Jul 2014 Other 5100129
Michael Robert Folmer Vice president, tax & finance 1 Jul 2015 Other 5655451
Steven David Dombrower Senior vice president, advisor strategy and investment management 1 Nov 2016 Other 2302416
George Anthony Ducasse Senior vice president, relationship management 1 Nov 2016 Other 2337549
Ascensus Group Llc 100% shareholder 1 Jan 2018 75% - 100% 04-3525107
Kevin Douglas Cox President/chief executive officer 1 Jul 2018 Other 2739370
Robert Barry Kaplan Chief compliance officer 1 Jul 2018 Other 1286735
Thomas Lowe Vice president, investment management 1 Aug 2018 Other 3089857
Jay Candelmo Senior vice president, relationship management 1 Jun 2019 Other 5061577

Indirect Owners

The SEC currently registers 25 indirect owners.

Name Entity Date acquired Ownership Employer ID
Inc. Jcf Ascensus Holdings Managing member 1 Aug 2005 75% - 100% 20-3648416
Jc Flowers Ii Lp Limited partnership 1 Mar 2006 25% - 50% 98-0494093
Llc Starr Usa Asset Holdings Member 1 May 2006 75% - 100% 75-1670124
Inc. Starr Insurance Holdings Sole shareholder 1 May 2006 75% - 100% 20-4924762
Starr International Foundation Sole shareholder 1 Nov 2006 75% - 100% foreign
Starr International Ag Sole shareholder 1 Dec 2006 75% - 100% foreign
Llc Ajcf Holdings 100% shareholder 1 Jun 2007 75% - 100% 26-0508434
Ajcf Corp. 100% shareholder 1 Jun 2007 75% - 100% 26-0512038
Inc. Aqgen Island Intermediate Holdings Iii 100% shareholder 1 Jun 2007 75% - 100% 26-0508434
L.P. C.G. Jcf Sole shareholder 1 Aug 2007 75% - 100% 41-2185931
Llc Starr International Usa Investments Limited partnership 1 Apr 2008 25% - 50% 20-4968351
Inc Starr Global Financial Sole shareholder 1 Jan 2012 75% - 100% 30-0709712
Starr Indemnity & Liability Company Member 1 Dec 2012 75% - 100% 75-1670124
Inc. Starr International Company Sole shareholder 1 Dec 2012 75% - 100% foreign
Inc. Ascensus 100% shareholder 1 Dec 2013 75% - 100% 11-3665754
Starr Global Holdings Ag Sole shareholder 1 Mar 2014 75% - 100% foreign
Aquiline Capital Partners G.P. (Offshore) Ltd. Sole shareholder 1 May 2014 Other 98-0563195
Aquiline Financial Services Fund Iii L.P. Shareholder 1 Sep 2015 25% - 50% 36-4793989
L.P. Genstar Capital Partners Vii Shareholder 1 Sep 2015 25% - 50% 47-4181314
Inc. Aqgen Island Intermediate Holdings I 100% shareholder 1 Nov 2015 75% - 100% 47-5673922
Inc. Aqgen Island Holdings 100% shareholder 1 Nov 2015 75% - 100% 47-5167291
Inc. Aqgen Ascensus 100% shareholder 1 Dec 2015 75% - 100% 20-3648416
Inc. Aqgen Island Intermediate Holdings Ii 100% shareholder 1 Dec 2015 75% - 100% 47-5665417
L.P. Genstar Capital Vii Sole shareholder 1 Dec 2015 Other 47-4147712
Inc. Ascensus Holdings 100% shareholder 1 Jan 2018 75% - 100% 82-3719843

Based in Newton

The principal office where Ascensus Investment Advisors, LLC performs its advisory services is located at 95 Wells Avenue, Newton, MA 02459, 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 617-454-6400 or by fax 617-559-8943. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at ascensuscollegesavings.com.