Berenberg Asset Management LLC (New York)

Berenberg Asset Management LLC is a large advisory firm based in New York. It manages $211.6 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2014.

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

Berenberg Asset Management: assets under management

The assets under management (AUM) of Berenberg Asset Management LLC is $211.6 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 345% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $211.6 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $70.53 million each.

Investments

The firm invests in cash and cash equivalents the most. They account for 74% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 26% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Berenberg Asset Management LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Tindaro Siragusano serves?

The firm provides services to investment companies and pension and profit sharing plans. The largest group of clients of Tindaro Siragusano is pension and profit sharing plans with 2 clients and $128.41 million of assets under management. Among the 9 most similar advisory firms, Berenberg Asset Management has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $211.6 million for 3 clients. None of the firm’s clients are foreign persons or businesses.

Berenberg Asset Management doesn't advise any private funds.

Careers at Berenberg Asset Management LLC

The company employs 50 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Tindaro Siragusano has been acting as President since 1 Dec 2013. Martin Knocinski joined the executive team most recently as the Chief Operating Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Berenberg Americas Llc	Member	1 Dec 2013	75% - 100%	80-0671578
Tindaro Siragusano	Director	1 Dec 2013	Other	6343076
Matthew Thomas Stemp	Director	1 Dec 2013	Other	4519882
Edward Ho	Chief executive officer	1 Dec 2013	Other	4351590
Andrew John Holder	Director	1 Dec 2013	Other	5895497
Elizabeth Victoria Ryvkin	Chief compliance officer	1 Feb 2014	Other	5892670
Gary Carlton Klopfenstein	Director, chief financial officer	1 Oct 2014	Other	1276826
Monica Pelaez Mcginley	Cco	1 Apr 2015	Other	4189139
Nayra Calderon Najera	Chief compliance officer	1 May 2016	Other	5040972
Henning Gebhardt	Director	1 Feb 2017	Other	4378047
Donald Gerard Feeney	Director, chief executive officer	1 May 2017	Other	4390677
Daniel Renndorfer	Chief compliance officer	1 Jul 2017	Other	6838591
Martin Knocinski	Chief operating officer	1 Feb 2019	Other	7079987

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Hans Walter Peters	General partner	1 Jan 2000	Other	5895513
Andreas Brodtmann	General partner	1 Jan 2009	Other	5895517
Hendrik Riehmer	General partner	1 Jan 2009	Other	5895519
Berenberg Beteiligungsholding Gmbh	Member	1 Dec 2010	75% - 100%	foreign
Gossler & Co. Kg Joh. Berenberg	Shareholder	1 Dec 2010	75% - 100%	foreign

Based in New York

The principal office where Berenberg Asset Management LLC performs its advisory services is located at 1251 6 Th Ave, New York, NY 10020, 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 312-754-6055. The normal business hours are 8 am - 5 pm on Monday - Friday.