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

Name: W.P. Stewart Asset Management Ltd.
Address: 1345 Avenue Of The Americas, New York, NY, 10105
Telephone: 212-969-1000

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. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. 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.