Pingora Asset Management, LLC (Denver)


Pingora Asset Management, LLC is a large advisory firm based in Denver. It manages $1.91 billion of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of Colorado.

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Pingora Asset Management provides 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.

Pingora Asset Management: assets under management

The assets under management (AUM) of Pingora Asset Management, LLC is $1.91 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 255% since the beginning of its operation, and $57.85 million of the total AUM is attributable to clients outside of the United States.


The firm manages $1.91 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $173.38 million each.
Pingora Asset Management has custody of $1.08 billion in cash and securities for 9 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-exchange traded securities the most. They account for 58% of the total AUM. The second-largest asset type is other assets, which make up 42% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pingora 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.

What kind of clients Pingora Asset Management serves?

The firm provides services to pooled investment vehicles and corporations or other businesses. The largest group of clients of Pingora Asset Management is pooled investment vehicles with 9 clients and $1.26 billion of assets under management. Among the 10 most similar advisory firms, Pingora Asset Management has the 5th lowest percentage of pooled investment vehicles out of all clients.


The amount of regulatory assets under management is $1.91 billion for 11 clients. None of the firm’s clients are foreign persons or businesses.

Pingora Asset Management also advises several private funds. Namely, six other private funds. The minimum investment commitment required of non-related persons ranges from $25,000 to $50,000,000.

Careers at Pingora Asset Management, LLC

The company employs 24 people that are either part- or full-time employees. 96 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
Michael Page Lau Chief executive officer and board member 1 Nov 2012 Other 6139531
Todd Richard Wallace Chief financial officer 1 Dec 2012 Other 6175123
L.P. Pingora Holdings Member 1 Mar 2013 75% - 100% 30-0764580
Matthew William Hankins Board member 1 Mar 2013 Other 5500784
Bruce L Goldman Board member 1 Mar 2013 Other 2356009
Steven Michael Taslitz Board member 1 Mar 2013 Other 2826397
Ronald M. (Mi Only) Bendalin Chief compliance officer 1 Sep 2013 Other 6318332
Paul Alan Thomas Chief operating officer 1 Apr 2014 Other 6410756

Indirect Owners

The SEC currently registers 25 indirect owners.

Name Entity Date acquired Ownership Employer ID
David Ertel Shareholder 1 Dec 1994 75% - 100% 1890475
David Ertel Shareholder 1 Dec 1997 50% - 75% 1890475
Nancy Hector Shareholder 1 Dec 1997 25% - 50% 6025251
Bayview Financial Management Corp. General partner 1 Jun 2007 Other 65-0802021
Inc. Bftg Holding Company Limited partner 1 Jul 2007 75% - 100% 59-2742556
Llc Sterling Capital Partners Iv General partner of sc partners iv, l.p. 1 May 2011 Other 45-2409097
Steven Michael Taslitz Manager of sterling capital partners iv, llc and director of sp gp aiv corporation 1 May 2011 Other 2826397
Eric David Becker Manager of sterling capital partners iv, llc and director of sp gp aiv corporation 1 May 2011 Other 6024060
Rudolf Christopher Hoehnsaric Manager of sterling capital partners iv, llc and director of sp gp aiv corporation 1 May 2011 Other 2818443
Douglas Lee Becker Manager of sterling capital partners iv, llc and director of sp gp aiv corporation 1 May 2011 Other 2818438
Merrick M (Mi Only) Elfman Manager of sterling capital partners iv, llc and director of sp gp aiv corporation 1 May 2011 Other 1202510
L.P. Scp Iv Pingora Aiv Limited partner of pingora holdings, l.p. and sole member of pingora holdings gp, llc 1 Jan 2013 75% - 100% 90-0934037
L.P. Sc Partners Iv General partner of scp iv pingora aiv, l.p. and scp iv pingora aiv conduit, l.p. 1 Jan 2013 Other 90-0729752
Llc Pingora Holdings Gp General partner of pingora holdings, l.p. 1 Jan 2013 Other 90-0934037
Sp Gp Aiv Corporation General partner of scp iv pingora aiv cayman, l.p. 1 Feb 2013 Other 98-0681371
L.P. Scp Iv Pingora Aiv Cayman Limited partner of scp iv pingora aiv, l.p. 1 Mar 2013 25% - 50% 98-1091655
L.P. Scp Iv Pingora Aiv Conduit Sole limited partner of scp iv pingora aiv cayman, l.p. 1 Mar 2013 75% - 100% 80-0892142
Llc Bayview Asset Management Holdings Member 1 Feb 2015 75% - 100% 26-0328246
Bayview Financial Management Corp. Member 1 Feb 2015 Other 65-0802021
L.P. Bayview Financial Holdings Member 1 Feb 2015 75% - 100% 26-0328246
Wind River Trs Llc Limited partner of pingora holdings, l.p. 1 Aug 2015 75% - 100% 47-4363737
Hatteras Financial Corp. Sole member 1 Aug 2015 75% - 100% 81-2267274
Inc. Annaly Capital Management Sole shareholder 1 Jul 2016 75% - 100% 22-3479661
Llc Bayview Asset Management Limited partner 1 Aug 2017 75% - 100% 157053
Llc Phlp Gp General partner 1 Aug 2017 Other 61-1846500

Based in Denver

The principal office where Pingora Asset Management, LLC performs its advisory services is located at 1819 Wazee Street, Denver, CO 80202 1782, 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 (720) 475-1292. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at pingorafund.com.