Schultze Asset Management, LP (Rye Brook)

Name: Schultze Asset Management, LP
Address: 800 Westchester Avenue, Rye Brook, NY, 10573
Telephone: 914-701-5260

Schultze Asset Management, LP is a large advisory firm based in Rye Brook. It manages $90.03 million of regulatory assets for 16 client accounts. It has been registered with the SEC as an adviser since 2016.

Schultze Asset Management provides portfolio management for individuals and small businesses, 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.

Schultze Asset Management: assets under management

The assets under management (AUM) of Schultze Asset Management, LP is $90.03 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -60% since the beginning of its operation, and $64.04 million of the total AUM is attributable to clients outside of the United States.

The firm manages $90.03 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $5.63 million each.

Schultze Asset Management has custody of $69.21 million in cash and securities for 13 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 61% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 39% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Schultze Asset Management, LP 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 Schultze Asset Management serves?

The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Schultze Asset Management is pooled investment vehicles with 5 clients and $82.64 million of assets under management. Among the 3 most similar advisory firms, Schultze Asset Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $90.03 million for 16 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 19% of the firm’s clients are foreign persons or businesses.

Schultze Asset Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Schultze Asset Management, LP

The company employs 7 people that are either part- or full-time employees. 57 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
George Joachim Sebastian Schultze	Managing member of schultze asset management gp, llc	1 Feb 1998	75% - 100%	4656102
George Joachim Sebastian Schultze	Limited partner/managing member	1 Mar 1998	75% - 100%	4656102
Mohammad Shahid Waheed Dogar	Chief financial officer	1 Mar 2010	Other	5768549
Wenmin Du	Chief compliance officer & general counsel	1 Oct 2011	Other	4203569
Wenmin Du	General counsel, chief compliance officer	1 Nov 2011	Other	4203569
Kristen Jo Schultze	Limited partner	1 Jun 2015	Other	6638530
Llc Schultze Asset Management Gp	General partner	1 Jun 2015	Other	1000001
Jeffrey Marc Glick	Chief financial officer (consultant basis)	1 May 2016	Other	6121419
Jeffrey Glick	Interim chief financial officer (consultant basis)	1 May 2016	Other	6121419

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
George Joachim Sebastian Schultze	Managing member	1 Jun 2015	75% - 100%	4656102

Based in Rye Brook

The principal office where Schultze Asset Management, LP performs its advisory services is located at 800 Westchester Avenue, Rye Brook, NY 10573, 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 914-701-5260 or by fax 914-701-5269. The normal business hours are 8:30 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at samco.net.