Paramount Bio Capital Asset Management, Inc. (New York)

Paramount Bio Capital Asset Management, Inc. is a large advisory firm based in New York. It manages $94.01 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of New York.

Paramount Bio Capital Asset Management provides market timing services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Paramount Bio Capital Asset Management: assets under management

The assets under management (AUM) of Paramount Bio Capital Asset Management, Inc. is $94.01 million. The firm's AUM has grown by 35% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $10.32 million in discretionary accounts and $83.69 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.58 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $83.69 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Paramount Bio Capital 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.

Careers at Paramount Bio Capital Asset Management, Inc.

John Cipriano has served as the Chief Investment Officer since 1 Dec 2004. Basil Christakos joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Lindsay Allan Rosenwald	Chairman and chief executive officer	1 Apr 1991	75% - 100%	1617535
Stephen Charles Rocamboli	General counsel and chief compliance officer	1 Sep 2004	Other	4057102
John Cipriano	Chief investment officer	1 Dec 2004	Other	4924061
Jay Lobell	President & chief operating officer	1 Dec 2004	Other	4923450
John Joseph Knox	Chief financial officer	1 Feb 2005	Other	2605046
Illya Keith Maher	Senior managing director	1 Apr 2005	Other	4262514
Basil Christakos	Chief compliance officer	1 Sep 2007	Other	2290795

Based in New York

The principal office where Paramount Bio Capital Asset Management, Inc. performs its advisory services is located at 787 Seventh Avenue, New York, NY 10019, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.