American Asset Management Inc. (Boca Raton)

Name: American Asset Management Inc.
Address: 225 Ne Mizner Blvd., Boca Raton, FL, 33432
Telephone: 561-955-8500

American Asset Management Inc. is an adviser based in Boca Raton. It manages $198.66 million of regulatory assets for 500 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of California, Connecticut, Florida, and 6 other states.

American Asset Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

American Asset Management: assets under management

The assets under management (AUM) of American Asset Management Inc. is $198.66 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 397% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $198.66 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $397.32 thousand each.

American Asset Management has custody of $198.66 million in cash and securities for 500 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 50% of the total AUM. The second-largest asset type is exchange traded securities, which make up 30% of the firm’s portfolio. Investments in state and local bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay American Asset Management Inc. for their services and products based on a percentage of assets under management. 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 Julian Rubinstein serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Julian Rubinstein is high net worth individuals with 50 clients and $114.24 million of assets under management. Among the 11 most similar advisory firms, American Asset Management has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $197.66 million for 225 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

American Asset Management doesn't advise any private funds.

Careers at American Asset Management Inc.

The company employs 5 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. 2 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
Julian Rubinstein	Chief compliance officer	1 Jan 1998	75% - 100%	2779743
Julian Rubinstein	President	1 Jan 2000	75% - 100%	2779743

Based in Boca Raton

The principal office where American Asset Management Inc. performs its advisory services is located at 225 Ne Mizner Blvd., Boca Raton, FL 33432, 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 561-955-8500 or by fax 561-955-8787. The normal business hours are 9:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at americanasset.net.