Water Asset Management, LLC (New York)

Name: Water Asset Management, LLC
Address: 509 Madison Avenue, New York, NY, 10022
Telephone: 212-754-5132

Water Asset Management, LLC is a large advisory firm based in New York. It manages $291.17 million of regulatory assets for 10 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Arizona, California, Colorado, and 3 other states.

Water Asset Management provides 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.

Water Asset Management: assets under management

The assets under management (AUM) of Water Asset Management, LLC is $291.17 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 275% since the beginning of its operation, and $16.02 million of the total AUM is attributable to clients outside of the United States.

The firm manages $291.17 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $29.12 million each.

Water Asset Management has custody of $266.99 million in cash and securities for 10 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 66% of the total AUM. The second-largest asset type is exchange traded securities, which make up 29% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Water Asset Management, LLC 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.

What kind of clients Water Asset Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Water Asset Management is high net worth individuals with 241 clients and $95.5 million of assets under management. Among the 12 most similar advisory firms, Water Asset Management has the 6th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $275.76 million for 311 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 6% of the firm’s clients are foreign persons or businesses.

Water Asset Management also advises several private funds. Namely, three hedge funds, two other private funds, and four private equity funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Water Asset Management, LLC

The company employs 10 people that are either part- or full-time employees. 50 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 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Matthew Jude Diserio	Managing member	1 Oct 2005	25% - 50%	1030359
John Thomas Ablamsky	Member	1 Oct 2005	Other	2466780
Disque Dee Deane	Managing member	1 Oct 2005	25% - 50%	5710088
Disque D Deane	Cio	1 Oct 2005	25% - 50%	5710088
Ramabhadran Narayanan	Member	1 Oct 2005	Other	5711150
Ramabhadran Nmn Narayanan	Member	1 Oct 2005	Other	5711150
Marc Henri Robert	Chief compliance officer	1 Oct 2006	Other	1110218
Matthew C Sheldon	Member	1 Jan 2009	Other	4628031
Matthew Christopher Sheldon	Member	1 Jan 2009	Other	4628031
Joseph Kirincich	Cfo	1 Jan 2011	Other	3176200

Based in New York

The principal office where Water Asset Management, LLC performs its advisory services is located at 509 Madison Avenue, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-754-5132 or by fax 212-754-5101. The normal business hours are 8am-6pm on Monday - Friday. You can find more information about the New York firm at waterinv.com.