Stansberry Asset Management, LLC (New York)

Name: Stansberry Asset Management, LLC
Address: 1350 Avenue Of The Americas, New York, NY, 10019
Telephone: 646-854-4370

Stansberry Asset Management, LLC is a large advisory firm based in New York. It manages $384.41 million of regulatory assets for 854 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Alabama, Arizona, California, and 30 other states.

Stansberry Asset Management provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Stansberry Asset Management: assets under management

The assets under management (AUM) of Stansberry Asset Management, LLC is $384.41 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 1020% since the beginning of its operation, and $2.18 million of the total AUM is attributable to clients outside of the United States.

The firm manages $384.41 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $450.13 thousand each.

Stansberry Asset Management has custody of $72.44 million in cash and securities for 168 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 54% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 24% of the firm’s portfolio. Investments in government bonds form 17% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Stansberry 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 Molly Kathleen Lienesch serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Molly Kathleen Lienesch is high net worth individuals with 709 clients and $348.49 million of assets under management. Among the 9 most similar advisory firms, Stansberry Asset Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $384.41 million for 854 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Stansberry Asset Management doesn't advise any private funds.

Careers at Stansberry Asset Management, LLC

The company employs 16 people that are either part- or full-time employees. 13 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Molly Kathleen Lienesch has been acting as President since 1 Feb 2017. John Thomas Formichella joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Erez Charnes Kalir	Chief executive officer & chief compliance officer	1 Nov 2015	Other	5145972
Lp Stansberry Asset Management Partners	Managing member	1 Nov 2015	75% - 100%	81-0689730
Eamonn Grant Obrien	Chief operating officer	1 Mar 2016	Other	4817949
Molly Kathleen Lienesch	President	1 Feb 2017	Other	6777526
John Thomas Formichella	Chief compliance officer	1 Mar 2018	Other	5558126

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
William Robert Bonner	Trustee	1 May 2009	Other	6591831
Jean Rambo Hankey	Trustee	1 May 2009	Other	6591838
Llc Stansberry Asset Management Partners (Gp)	General partner	1 Nov 2015	Other	47-5678055
Llc Stansberry Capital	Member	1 Nov 2015	25% - 50%	81-0783159
Elizabeth W.P. Bonner 2009 Irrevocable Trust Number One	Member	1 Dec 2015	50% - 75%	07-8500397
Llc Sc Investors	Member	1 Dec 2015	50% - 75%	81-0772406
Myles Herschel Norin	Manager	1 Dec 2015	Other	6592344

Based in New York

The principal office where Stansberry Asset Management, LLC performs its advisory services is located at 1350 Avenue Of The Americas, 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 646-854-4370 or by fax 646-304-0464. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at stansberryam.com/.