Wellington Management Hong Kong Limited is a large advisory firm based in Central, Hong Kong. It manages $10.65 billion of regulatory assets for 46 client accounts. It has been registered with the SEC as an adviser since 2015.
Wellington Management Hong Kong Limited 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.
The assets under management (AUM) of Wellington Management Hong Kong Limited is $10.65 billion. The firm's AUM has grown by 285% since the beginning of its operation, and $7.93 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Wellington Management Hong Kong Limited for their services and products based on a percentage of assets under management, fixed fees, 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.
The firm provides services to insurance companies, charitable organizations, pooled investment vehicles, pension and profit sharing plans, and sovereign wealth funds and foreign official institutions. The largest group of clients of Ray Eugene Helfer is insurance companies with 9 clients and $3.14 billion of assets under management. Among the 13 most similar advisory firms, Wellington Management Hong Kong Limited has the highest percentage of insurance companies out of all clients.
The amount of regulatory assets under management is $9.82 billion for 44 clients. 78% of the firm’s clients are foreign persons or businesses.
Wellington Management Hong Kong Limited also advises several private funds. Namely, three other private funds. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.
The company employs 87 people that are either part- or full-time employees. 36 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Ray Eugene Helfer has been acting as President since 1 Aug 2010. Cheryl Mcdaniel Duckworth joined the executive team most recently as the Director.
The principal office where Wellington Management Hong Kong Limited performs its advisory services is located at 17 F, Two International Finance Centre, Central, Hong Kong, , which is also the mailing address of the firm. The firm also has an office outside of the United States.
You can reach the main office by calling the phone number 852-2846-6000. The normal business hours are 8:30 - 5:30 on Monday - Friday. You can find more information about the New York firm at wellington.com.