Sectoral Asset Management Inc. is a large advisory firm based in Montreal, Quebec. It manages $930.46 million of regulatory assets for 9 client accounts. It has been registered with the SEC as an adviser since 2001.
Sectoral 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 doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Sectoral Asset Management Inc. is $930.46 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -38% since the beginning of its operation, and $930.46 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Sectoral Asset Management Inc. for their services and products based on a percentage of assets under management and performance-based fees. 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.
The only and largest group of clients of Vihang Errunza is pooled investment vehicles with 5 clients and $668.79 million of assets under management. Among the 7 most similar advisory firms, Sectoral Asset Management has the 3rd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $668.79 million for 5 clients. 100% of the firm’s clients are foreign persons or businesses.
Sectoral Asset Management also advises several private funds. Namely, three private equity funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $5,000,000.
The company employs 27 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There are 4 people 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.
Vihang Errunza has been acting as President since 1 Feb 2001. Michael Lars Sjostrom has served as the Chief Investment Officer since 1 Aug 2000 and Jerome Georges Pfund is the Chief Executive Officer of Sectoral Asset Management Inc. family office. Stephan Patten joined the executive team most recently as the Chief Investment Officer.
The principal office where Sectoral Asset Management Inc. performs its advisory services is located at 1010 Sherbrooke Street, West, Montreal, Quebec, H3 A 2 R7, which is also the mailing address of the firm. The firm also has an office outside of the United States.
You can reach the main office by calling the phone number 514-849-8777 or by fax 514-849-6777. The normal business hours are 8:00 a.m.-5:00 p.m. on Monday - Friday. You can find more information about the New York firm at sectoral.com/.