Prospect Asset Management Inc is a mid-sized advisory firm based in Honolulu. It manages $59.24 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Hawaii.
Prospect Asset Management provides portfolio management for pooled investment vehicles. 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 Prospect Asset Management Inc is $59.24 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -47% since the beginning of its operation, and $59.24 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay Prospect Asset Management Inc for their services and products based on a percentage of assets under management. 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 only and largest group of clients of Xin Zhang is pooled investment vehicles with 2 clients and $59.24 million of assets under management. Among the 3 most similar advisory firms, Prospect Asset Management has the 2nd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $59.24 million for 2 clients. 100% of the firm’s clients are foreign persons or businesses.
Prospect Asset Management also advises several private funds. Namely, one hedge fund and one other private fund. The minimum investment commitment required of non-related persons ranges from $0 to $233,879.
The company employs 5 people that are either part- or full-time employees. 100 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.
Xin Zhang has been acting as President since 1 Jan 2009. Curtis Rudolf Freeze has served as the Chief Investment Officer since 1 May 2006. Ltd. Prospect Co. joined the executive team most recently as the Majority Shareholder.
The principal office where Prospect Asset Management Inc performs its advisory services is located at 410 Atkinson Drive, Honolulu, HI 96814, 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 808-955-7077 or by fax 808-955-7081. The normal business hours are 12:00 pm to 8:30 pm on Other. You can find more information about the New York firm at prospectjapan.com.