Arden Asset Management LLC (Philadelphia)

Name: Arden Asset Management LLC
Address: 1735 Market St, Philadelphia, PA, 19103
Telephone: 215-405-5700

Arden Asset Management LLC is a large advisory firm based in Philadelphia. It manages $9.31 billion of regulatory assets for 32 client accounts. It has been registered with the SEC as an adviser since 2006.

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

Arden Asset Management: assets under management

The assets under management (AUM) of Arden Asset Management LLC is $9.31 billion. The firm's AUM has gone down by -11% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.54 billion in discretionary accounts and $6.77 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $84.62 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.38 billion.

Arden Asset Management has custody of $298.63 million in cash and securities for 12 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Arden Asset Management LLC for their services and products based on a percentage of assets under management, fixed fees, 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.

Careers at Arden Asset Management LLC

The company employs 377 people that are either part- or full-time employees. 21 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 6 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Henry Patterson Davis has been acting as President since 1 Mar 2001. Ian Mcdonald has served as the Chief Investment Officer since 1 Jan 2007 and Averell Harriman Mortimer is the Chief Executive Officer of Arden Asset Management LLC family office. Standard Life Aberdeen Plc joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Averell Harriman Mortimer	Chief executive officer	1 Oct 1993	Other	2233005
Henry Patterson Davis	President	1 Mar 2001	Other	4473590
Henry P Davis	Managing director	1 Mar 2001	Other	4473590
Clement W. Wong	Chief financial officer	1 Aug 2001	Other	4473596
Stephen Connell Cordy	Managing director	1 Nov 2002	Other	2037051
Allan Chamecki Brik	Managing director	1 Apr 2003	Other	2689501
Steven Dov Lando	General counsel	1 May 2003	Other	4783327
Ian Mcdonald	Executive director	1 Dec 2003	Other	4783329
Leslie J. Osborn	Chief compliance officer	1 Sep 2004	Other	4580474
Natalie A. Birrell	Chief operating officer	1 Sep 2005	Other	4342297
Inc. Arden Asset Management	Member	1 Jan 2006	75% - 100%	13-3734541
Nancy Y Gudaitis	Managing director	1 Jan 2006	Other	2661906
John Drew Rogers	Managing director	1 Mar 2006	Other	2172334
Ian Mcdonald	Chief investment officer	1 Jan 2007	Other	4783329
Vikas Kapoor	Managing director	1 Jan 2007	Other	2639880
Paul Adam Ehrhardt	Chief operating officer	1 May 2007	Other	2345766
Steven Dov Lando	General counsel/chief compliance officer	1 Mar 2008	Other	4783327
Thomas Gordon Kennedy	Chief compliance officer	1 Jul 2008	Other	2760150
Matthew Joseph Bianco	Managing director	1 May 2009	Other	2155399
Allison Clare Walker	Managing director	1 Jul 2009	Other	4538023
Shakil Ahmed Riaz	Managing director	1 Jul 2009	Other	5699308
Craig Raymond Krawiec	Chief operating officer	1 Jan 2011	Other	5887849
Coby Lynn Mcdonald	Managing director	1 Apr 2011	Other	4011499
Paul Stuart Platkin	Managing director	1 Oct 2011	Other	4679631
Danny Chanuk Ha	General counsel	1 Mar 2012	Other	6046587
Andrew Matthew Katz	Chief financial officer	1 Jan 2013	Other	6176531
Michael Robert Horsburgh	Managing director	1 Jan 2013	Other	603763
Andrew Michael Katz	Chief financial officer	1 Jan 2013	Other	6176531
Thomas Francis Murray	Managing director	1 May 2014	Other	2377615
Darren Wolf	Managing director and director of research	1 Feb 2015	Other	6473291
Aberdeen Asset Management Inc.	Member	1 Dec 2015	75% - 100%	111069
Beverley (Nmn) Hendry	President	1 Dec 2015	Other	4375005
Christopher Thomas Demetriou	Chief financial officer	1 Dec 2015	Other	6564801
Jeffrey Lawrence Cotton	Chief compliance officer	1 Dec 2015	Other	4713561
Alan Robin Goodson	Vice president	1 Dec 2015	Other	4492919
Jennifer Ann Nichols	Vice president	1 Dec 2015	Other	5376493
Andrew Alasdair Smith	President	1 Dec 2015	Other	4909668
Sofia Rosala	Vice president, cco	1 Dec 2015	Other	3184911
Lisa Kupper	Secretary	1 Dec 2015	Other	6291029
Ralph Emerson Bassett	Vice president	1 Dec 2015	Other	6519917
Christopher Michael Edwards	Vice president	1 Dec 2015	Other	5873271
Gene R. Janvier	Vice president	1 Dec 2015	Other	4537626
Andrea Lee Melia	Vice president	1 Dec 2015	Other	2174935
Charles Tan	Vice president	1 Dec 2015	Other	6418914
Marika Irma Tooze	Vice president	1 Dec 2015	Other	6148744
Geoffrey Allan Trzepacz	Chief operating officer	1 Dec 2016	Other	6740094

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Aberdeen Asset Management Plc	Shareholder	1 Jan 1994	75% - 100%	n/a
The Mortimer Family 2009 Trust	Shareholder	1 Aug 2003	25% - 50%	26-6525456
Averell Harriman Mortimer	Trustee	1 Aug 2003	75% - 100%	2233005
Averell H. Mortimer 2003 Grat	Shareholder	1 Aug 2003	25% - 50%	xxx-xx-xxxx
The Mortimer Family 2003 Trust	Shareholder	1 Aug 2003	25% - 50%	26-6525456
Hume Richmond Steyer	Trustee	1 Jan 2009	Other	5897824
Standard Life Aberdeen Plc	Shareholder	1 Aug 2017	75% - 100%	n/a

Based in Philadelphia

The principal office where Arden Asset Management LLC performs its advisory services is located at 1735 Market St, Philadelphia, PA 19103, which is also the mailing address of the firm. An additional office of the firm is in Stamford, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 215-405-5700 or by fax 215-405-5780. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at ardenasset.com.