Newfleet Asset Management, LLC (Hartford)

Name: Newfleet Asset Management, LLC
Address: One Finanacial Plaza, Hartford, CT, 06103
Telephone: 877-332-8172

Newfleet Asset Management, LLC is a large advisory firm based in Hartford. It manages $10.46 billion of regulatory assets for 30 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdiction of Connecticut.

Newfleet Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, 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.

Newfleet Asset Management: assets under management

The assets under management (AUM) of Newfleet Asset Management, LLC is $10.46 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 19% since the beginning of its operation, and $73.05 million of the total AUM is attributable to clients outside of the United States.

The firm manages $10.46 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $348.69 million each.

Investments

The firm invests in state and local bonds the most. They account for 84% of the total AUM. The second-largest asset type is government bonds, which make up 6% of the firm’s portfolio. Investments in investment grade corporate bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Newfleet 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 Newfleet Asset Management serves?

The firm provides services to investment companies, other investment advisers, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Newfleet Asset Management is investment companies with 23 clients and $9.58 billion of assets under management. Among the 8 most similar advisory firms, Newfleet Asset Management has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $10.46 billion for 31 clients. 1% of the firm’s clients are foreign persons or businesses.

Newfleet Asset Management also advises several private funds. Namely, three securitized asset funds. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Newfleet Asset Management, LLC

The company employs 32 people that are either part- or full-time employees. 75 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.

Laura Marie Krajewski joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Virtus Partners	Direct owner	1 May 2005	75% - 100%	95-4191764
Inc. (Fka Phoenix Investment Partners Ltd.) Virtus Partners	Direct owner	1 May 2005	75% - 100%	95-4191764
David G Hanley	Vice president and treasurer	1 Nov 2007	Other	5455435
Kevin John Carr	Vice president and secretary	1 Nov 2008	Other	2483633
George Robert Aylward	Chief executive officer	1 Jun 2011	Other	4932163
Michael Aaron Angerthal	Executive vice president and chief financial officer	1 Jun 2011	Other	5632934
David Leon Albrycht	President and chief investment officer	1 Jun 2011	Other	1279251
Mark Stephen Flynn	Executive vice president and general counsel	1 Jun 2011	Other	5941225
Francis George Waltman	Executive vice president	1 Jun 2011	Other	1778566
Diane Margaretta Spirandelli	Senior portfolio advisor	1 Jun 2011	Other	4959940
Doug Scott Couden	Director of equities & senior portfolio manager	1 Jun 2011	Other	2393436
George R. Aylward	President & chief executive officer	1 Jun 2011	Other	4932163
Mark Richard Palmer	Vice president and senior compliance officer	1 Jun 2011	Other	2380558
Robert Louis Bishop	Chief investment officer - core fixed income & sr portfolio mgr	1 Jun 2011	Other	717235
Michael A Angerthal	Executive vice president and chief financial officer	1 Jun 2011	Other	5632934
Benjamin Lucien Caron	Managing director & portfolio manager	1 Jun 2011	Other	2870840
Charles Yuan Chen	Chief investment officer - specialty fixed income	1 Jun 2011	Other	2606003
Timothy M. Heaney	Senior vice president and senior portfolio manager - municipal securities	1 Jun 2011	Other	4888271
Charles F. Wilder	Executive vice president	1 Jun 2011	Other	5743842
Kyle Arthur Jennings	Managing director & senior portfolio manager	1 Jun 2011	Other	2972395
Bradley Morgan Kane	Fixed income portfolio manager	1 Jun 2011	Other	2407275
Kaushik Saha	Fixed income portfolio manager	1 Jun 2011	Other	5940899
Lisa H Leonard	Portfolio manager - municipal securities	1 Jun 2011	Other	5941366
David Elliot Fusco	Vice president and chief compliance officer	1 Jun 2011	Other	2476566
Kevin John Carr	Senior vice president and secretary	1 Jun 2011	Other	2483633
Mark S Flynn	Executive vice president and general counsel	1 Jun 2011	Other	5941225
Robert Louis Bishop	Institutional portfolio stategist and portfolio manager	1 Dec 2012	Other	717235
Christopher Jude Kelleher	Senior managing director and head of institutional management	1 Feb 2013	Other	5029310
Laura Marie Krajewski	Chief compliance officer	1 Mar 2013	Other	6179423
Michael Nmn Sollicito	Chief operating officer	1 Mar 2013	Other	2910709
Laura Ciemniewski	Chief compliance officer	1 Mar 2013	Other	6179423
Laura Krajewski	Chief compliance officer	1 Mar 2013	Other	6179423

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Virtus Investment Partners	Indirect shareholder	1 Nov 2008	75% - 100%	26-3962811

Based in Hartford

The principal office where Newfleet Asset Management, LLC performs its advisory services is located at One Finanacial Plaza, Hartford, CT 06103, 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 877-332-8172 or by fax 860-241-1024. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at newfleet.com/ and its LinkedIn profile.