Northcoast Asset Management LLC (Greenwich)

Name: Northcoast Asset Management LLC
Address: One Greenwich Office Park, Greenwich, CT, 06831
Telephone: 203-532-7000

Northcoast Asset Management LLC is a large advisory firm based in Greenwich. It manages $1.66 billion of regulatory assets for 4,166 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 44 other states.

Northcoast Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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.

Northcoast Asset Management: assets under management

The assets under management (AUM) of Northcoast Asset Management LLC is $1.66 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 6445% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.66 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $398.24 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 78% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 19% of the firm’s portfolio. Investments in investment and business development companies form 3% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Northcoast Asset Management 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 Paul Edwin Dean serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Paul Edwin Dean is individuals with 3,756 clients and $950.16 million of assets under management. Among the 9 most similar advisory firms, Northcoast Asset Management has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.66 billion for 4,166 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Northcoast Asset Management doesn't advise any private funds.

Careers at Northcoast Asset Management LLC

The company employs 29 people that are either part- or full-time employees. 69 percent of the employees work as investment advisers or researchers. 13 employees are registered as investment adviser representatives with the state securities authorities.

There are 30 people 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.

Paul Edwin Dean has been acting as President since 1 Apr 2004. Patrick Jean Michel Jamin has served as the Chief Investment Officer since 1 Jan 2012. Megan Hall joined the executive team most recently as the Chief Compliance Officer / Svp.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Paul Edwin Dean	Chairman	1 Apr 2004	25% - 50%	63229
Harry Hammond Suber	Vice president,director of research, manager	1 Apr 2004	Other	4372401
Warren Keeler Greene	Senior vice president,secretary,manager	1 Apr 2004	Other	2140955
James Richard Semels	Ceo, manager	1 Apr 2004	Other	826900
Brentin Curry Elam	Vice-president, director of markets and trading operations,manager	1 Apr 2004	Other	4372404
Trendlogic Associates Inc.	Member	1 Apr 2004	50% - 75%	20-0902295
Daniel Joseph Kraninger	Chief executive officer & president	1 Jun 2004	50% - 75%	2533047
Mark Christman Dean	Managing director - finance	1 Jun 2004	Other	2531244
John Michael Wildern	Managing director - sales	1 Nov 2007	Other	4109291
James Richard Semels	Senior vice president and chief compliance officer	1 Jul 2009	Other	826900
Megan Hall	Chief compliance officer	1 Aug 2011	Other	5963705
Patrick Jean Michel Jamin	Chief investment officer	1 Jan 2012	Other	4568317
Joseph Christopher Iraci	Counsel & chief compliance officer	1 Jan 2014	Other	5994109
Megan Hall	Chief compliance officer / svp	1 Jul 2016	Other	5963705

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Paul Edwin Dean	Shareholder	1 Jan 1988	50% - 75%	63229
Paul Edwin Dean	Shareholder	1 Jan 1998	50% - 75%	63229

Based in Greenwich

The principal office where Northcoast Asset Management LLC performs its advisory services is located at One Greenwich Office Park, Greenwich, CT 06831, 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 203-532-7000 or by fax 203-532-7014. The normal business hours are 8:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at northcoastam.com.