Axia Asset Management, LLC (Hastings On Hudson)

Axia Asset Management, LLC is a mid-sized advisory firm based in Hastings On Hudson. It manages $42 million of regulatory assets for 20 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdiction of New York.

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

Axia Asset Management: assets under management

The assets under management (AUM) of Axia Asset Management, LLC is $42 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $42 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.1 million each.

Investments

The firm invests in exchange traded securities the most. They account for 53% of the total AUM. The second-largest asset type is investment and business development companies, which make up 45% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Axia 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 Axia Asset Management serves?

The only and largest group of clients of Axia Asset Management is high net worth individuals with 8 clients and $42 million of assets under management. Among the 2 most similar advisory firms, Axia Asset Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $42 million for 8 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.

Axia Asset Management doesn't advise any private funds.

Careers at Axia Asset Management, LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Pouria Nmn Dehgan	President and cco	1 Jul 2014	75% - 100%	4791585

Based in Hastings On Hudson

The principal office where Axia Asset Management, LLC performs its advisory services is located at 5 Riverview Pl, Hastings On Hudson, NY 10706, 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 917-213-2958 or by fax 212-732-0065. The normal business hours are 9 a.m. to 5 p.m. on Monday - Friday.