Hanwha Asset Management (Usa) Ltd. (New York)

Hanwha Asset Management (Usa) Ltd. is a large advisory firm based in New York. It manages $1.32 billion of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of New York.

Hanwha Asset Management (Usa) provides 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.

Hanwha Asset Management (Usa): assets under management

The assets under management (AUM) of Hanwha Asset Management (Usa) Ltd. is $1.32 billion. The firm's AUM has grown by 135% since the beginning of its operation, and $1.32 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $1.2 billion in discretionary accounts and $117.08 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.2 billion each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $117.08 million.

Investments

The firm invests in investment grade corporate bonds the most. They account for 91% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 9% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Hanwha Asset Management (Usa) Ltd. 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.

What kind of clients Hanwha Asset Management (Usa) serves?

The only and largest group of clients of Hanwha Asset Management (Usa) is insurance companies with 1 clients and $1.32 billion of assets under management. Among the 10 most similar advisory firms, Hanwha Asset Management (Usa) has the highest percentage of insurance companies out of all clients.

The amount of regulatory assets under management is $1.32 billion for 1 clients. 100% of the firm’s clients are foreign persons or businesses.

Hanwha Asset Management (Usa) doesn't advise any private funds.

Careers at Hanwha Asset Management (Usa) Ltd.

The company employs 11 people that are either part- or full-time employees. 82 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.

Min Park joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Hanwha Asset Management Co. Ltd.	Direct owner	1 Feb 2017	75% - 100%	none
Hanwha Asset Management Company	Direct owner	1 Feb 2017	75% - 100%	none
Min Park	Vice president	1 May 2017	Other	6795543
Jeffrey Daniel Barton	Chief compliance officer	1 May 2017	Other	4696034
Jung Woo Sung	Chief executive officer	1 May 2017	Other	6803570

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Hanwha Life Insurance Co. Ltd.	Direct owner	1 Jun 2010	75% - 100%	none

Based in New York

The principal office where Hanwha Asset Management (Usa) Ltd. performs its advisory services is located at 410 Park Avenue, New York, NY 10022, 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 (212) 313-6861 or by fax (212) 313-6871. The normal business hours are 9-5 on Monday - Friday.