Ocean State Asset Management, LLC (Providence)

Name: Ocean State Asset Management, LLC
Address: 101 Dyer Street, Providence, RI, 02903 3908
Telephone: 401-455-0030

Ocean State Asset Management, LLC is a large advisory firm based in Providence. It manages $176.05 million of regulatory assets for 9 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Ohio and Rhode Island.

Ocean State Asset Management provides portfolio management for individuals and small businesses 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.

Ocean State Asset Management: assets under management

The assets under management (AUM) of Ocean State Asset Management, LLC is $176.05 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -50% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $176.05 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $19.56 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ocean State 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.

Careers at Ocean State Asset Management, LLC

Rajat Babbar has served as the Chief Investment Officer since 1 Jun 2005 and Nicholas W.Illiam Delbrocco is the Chief Executive Officer of Ocean State Asset Management, LLC family office. Ruth Killeen Mullen joined the executive team most recently as the Chairman And President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Nicholas W.Illiam Delbrocco	Chief executive officer	1 Jun 2005	25% - 50%	4676566
Rajat Babbar	Chief investment officer	1 Jun 2005	25% - 50%	4676570
Charles Alfred Pulcano	Chief compliance officer	1 Jun 2005	Other	2139987
Nicholas William Delbrocco	Chief executive officer	1 Jun 2005	50% - 75%	4676566
Ruth Killeen Mullen	Chairman and president	1 Aug 2005	25% - 50%	4676556

Based in Providence

The principal office where Ocean State Asset Management, LLC performs its advisory services is located at 101 Dyer Street, Providence, RI 02903 3908, 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 401-455-0030 or by fax 401-455-0090. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at www.osamllc.com.