Impax Asset Management, Ltd. (London)


Impax Asset Management, Ltd. is a large advisory firm based in London. It manages $10.62 billion of regulatory assets for 32 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

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

Impax Asset Management: assets under management

The assets under management (AUM) of Impax Asset Management, Ltd. is $10.62 billion. The firm's AUM has grown by 923% since the beginning of its operation, and $9.33 billion of the total AUM is attributable to clients outside of the United States.


The firm manages $10.44 billion in discretionary accounts and $178.98 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $348.09 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $89.49 million.

Investments

The firm invests in exchange traded securities the most. They account for 97% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Impax Asset Management, Ltd. for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Keith Falconer serves?

The firm provides services to investment companies, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Keith Falconer is pooled investment vehicles with 18 clients and $8.42 billion of assets under management. Among the 12 most similar advisory firms, Impax Asset Management has the 5th highest percentage of pooled investment vehicles out of all clients.


The amount of regulatory assets under management is $9.78 billion for 25 clients. 83% of the firm’s clients are foreign persons or businesses.

Impax Asset Management doesn't advise any private funds.

Careers at Impax Asset Management, Ltd.

The company employs 80 people that are either part- or full-time employees. 34 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.

Keith Falconer has been acting as President since 1 Feb 2004. Joseph Francis Keefe joined the executive team most recently as the Director.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Impax Asset Management Group Plc Parent 1 Jun 1998 75% - 100% foreign entity
Impax Group Plc Parent 1 Jun 1998 75% - 100% foreign entity
Ian Simm Director 1 Aug 1998 Other 5298088
Bruce Jenkyn Jones Director 1 Jun 2001 Other 5298090
Keith Falconer Director 1 Feb 2004 Other 5298087
Jacqueline Brown Compliance officer 1 Jun 2005 Other 5298091
Peter Van Egmond Rossbach Director 1 Aug 2005 Other 1935696
Nigel David Wynne Taunt Director 1 Jan 2008 Other 5627723
Michael Burt Knight Chief compliance officer 1 Jul 2008 Other 5627636
Charles David Ridge Director 1 Mar 2009 Other 5740376
Charles David Ridge Director and chief compliance officer 1 Aug 2013 Other 5740376
Annika C Norman Chief compliance officer 1 Feb 2014 Other 6322192
Charles David Ridge Chief compliance officer 1 Feb 2015 Other 5740376
Joseph Francis Keefe Director 1 Feb 2018 Other 2911389

Indirect Owners

The SEC currently registers 5 indirect owners.

Name Entity Date acquired Ownership Employer ID
Bnp Paribas Investment Partners Sa Shareholder 1 Dec 2007 25% - 50% foreign entity
State Of Belgium Shareholder 1 Oct 2008 25% - 50% foreign entity
Bnp Paribas Sa Shareholder 1 Apr 2009 50% - 75% foreign entity
Bnp Paribas Sa Shareholder 1 May 2009 50% - 75% foreign entity
Fortis Bank Sa Shareholder 1 Apr 2010 25% - 50% foreign entity

Based in London

The principal office where Impax Asset Management, Ltd. performs its advisory services is located at 7 Th Floor, London, Sw1 Y 4 Aj, which is also the mailing address of the firm. An additional office of the firm is in Greenwich, CT. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 011 44 20 3912 3000 or by fax 011 44 207 434 1123. The normal business hours are 9.00am - 5.30pm on Monday - Friday. You can find more information about the New York firm at impaxam.com/.