Santander Asset Management, LLC is a large advisory firm based in Guaynabo. It manages $1.35 billion of regulatory assets for 36 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of Puerto Rico.
Santander Asset Management provides portfolio management for businesses and institutional clients, selection of other advisers, and portfolio management for puerto rico investment companies & sub-advisor to santander sicav. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Santander Asset Management, LLC is $1.35 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -67% since the beginning of its operation, and $128.44 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay Santander 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.
The firm provides services to corporations or other businesses and state or municipal government entities. The largest group of clients of Fernando Luis Batlle Hernaiz is corporations or other businesses with 13 clients and $1.03 billion of assets under management. Among the 12 most similar advisory firms, Santander Asset Management has the highest percentage of corporations or other businesses out of all clients.
The amount of regulatory assets under management is $1.21 billion for 16 clients. 10% of the firm’s clients are foreign persons or businesses.
Santander Asset Management doesn't advise any private funds.
The company employs 20 people that are either part- or full-time employees. 20 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person 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.
Fernando Luis Batlle Hernaiz has been acting as President since 1 Aug 2011. Fredy Pedro Molfino joined the executive team most recently as the Elected Member.
The principal office where Santander Asset Management, LLC performs its advisory services is located at Gam Tower 2 Tabonuco Street, Guaynabo, PR 00968, 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 787-759-5340 or by fax 787-296-5435. The normal business hours are 8:30-5:30 on Monday - Friday.