Roumell Asset Management, LLC (Chevy Chase)

Name: Roumell Asset Management, LLC
Address: 2 Wisconsin Circle, Chevy Chase, MD, 20815
Telephone: 301-656-8500

Roumell Asset Management, LLC is a large advisory firm based in Chevy Chase. It manages $91.07 million of regulatory assets for 122 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Florida, Louisiana, Maryland, and 3 other states.

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

Roumell Asset Management: assets under management

The assets under management (AUM) of Roumell Asset Management, LLC is $91.07 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 214% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $91.07 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $746.49 thousand each.

Roumell Asset Management has custody of $2.33 million in cash and securities for 2 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 45% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 27% of the firm’s portfolio. Investments in government bonds form 19% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Roumell Asset Management, LLC 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 James Christopher Roumell serves?

The firm provides services to individuals, investment companies, and high net worth individuals. The largest group of clients of James Christopher Roumell is investment companies with 1 clients and $63.72 million of assets under management. Among the 5 most similar advisory firms, Roumell Asset Management has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $90.23 million for 121 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Roumell Asset Management doesn't advise any private funds.

Careers at Roumell Asset Management, LLC

The company employs 3 people that are either part- or full-time employees. 100 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 3 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.

James Christopher Roumell has been acting as President since 1 Dec 1998. Edward Alexander Crawford joined the executive team most recently as the Co Portfolio Manager.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Christopher Roumell	President/lead portfolio manager	1 Dec 1998	75% - 100%	1618752
Craig L Lukin	Chief operating officer/chief compliance officer	1 Mar 2007	Other	2033282
Richard James Sherman	Member	1 Nov 2010	Other	2805610
Edward Alexander Crawford	Co-portfolio manager	1 Jan 2013	Other	3100637

Based in Chevy Chase

The principal office where Roumell Asset Management, LLC performs its advisory services is located at 2 Wisconsin Circle, Chevy Chase, MD 20815, 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 301-656-8500 or by fax 301-656-8501. The normal business hours are 8:30 to 5:30 on Monday - Friday. You can find more information about the New York firm at roumellfund.com.