As Avaron Asset Management (Tallinn)

Name: As Avaron Asset Management
Address: Narva Mnt 7 D, Tallinn, 10117
Telephone: +372 6644 205

As Avaron Asset Management is an adviser based in Tallinn. It manages $442.53 million of regulatory assets for 9 client accounts. It has been registered with the SEC as an adviser since 2015.

As Avaron Asset Management provides portfolio management for pooled investment vehicles and portfolio management to non-us regulated investment companies, pooled investment vehicles and pension plans. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

As Avaron Asset Management: assets under management

The assets under management (AUM) of As Avaron Asset Management is $442.53 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -32% since the beginning of its operation, and $377.18 million of the total AUM is attributable to clients outside of the United States.

The firm manages $442.53 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $49.17 million each.

Investments

The firm invests in exchange traded securities the most. They account for 83% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 15% of the firm’s portfolio. Investments in investment and business development companies form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay As Avaron Asset Management 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 Priit Sander serves?

The only and largest group of clients of Priit Sander is pooled investment vehicles with 2 clients and $65.34 million of assets under management. Among the 11 most similar advisory firms, As Avaron Asset Management has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $65.34 million for 2 clients. 85% of the firm’s clients are foreign persons or businesses.

As Avaron Asset Management also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at As Avaron Asset Management

The company employs 20 people that are either part- or full-time employees. 55 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.

Priit Sander has been acting as President since 1 Jul 2015. Piotr Jurga joined the executive team most recently as the Shareholder, Preferred Share, Senior Analyst.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kristel Kivinurm Priisalm	Ceo, coo, board member	1 Apr 2007	Other	6593866
Peter Priisalm	Cio, director	1 Apr 2007	Other	6593869
Valdur Jaht	Cio, board member	1 Apr 2007	Other	6593872
Peter Priisalm	Cio	1 Sep 2007	25% - 50%	6593869
Maris Viire	Cco, cfo, director	1 Jan 2014	Other	6593865
Oü Avaron Partners	Shareholder, common share	1 Aug 2014	75% - 100%	fe
Priit Sander	Director	1 Jul 2015	Other	6776551
Piotr Jurga	Shareholder, preferred share, senior analyst	1 Dec 2016	Other	6750185
Reino Pent	Shareholder, preferred share, senior analyst	1 Dec 2016	Other	6750184
Rain Leesi	Shareholder, preferred share, head of research	1 Dec 2016	Other	6775957

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Kristel Kivinurm Priisalm	Shareholder	1 Mar 2004	50% - 75%	6593866
Peter Priisalm	Shareholder	1 Mar 2004	50% - 75%	6593869
Valdur Jaht	Shareholder	1 Jul 2005	50% - 75%	6593872
Oü Princo	Shareholder	1 Jan 2012	50% - 75%	fe
Drusba Investments Oü	Shareholder	1 Jan 2012	25% - 50%	fe
Maris Jaht	Shareholder	1 Aug 2014	50% - 75%	6594009

Based in Tallinn

The principal office where As Avaron Asset Management performs its advisory services is located at Narva Mnt 7 D, Tallinn, 10117, 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 +372 6644 205 or by fax +372 6644 201. The normal business hours are 2:00 am -10:00 am est on Monday - Friday. You can find more information about the New York firm at avaron.com/.