Newport Asia LLC (San Francisco)

Name: Newport Asia LLC
Address: 601 California Street, San Francisco, CA, 94108 2811
Telephone: 415/677-8620

Newport Asia LLC is a large advisory firm based in San Francisco. It manages $2.13 billion of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of California.

Newport Asia provides portfolio management for pooled investment vehicles and 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.

Newport Asia: assets under management

The assets under management (AUM) of Newport Asia LLC is $2.13 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1126% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.13 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $425.71 million each.

Newport Asia has custody of $2.13 billion in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Newport Asia LLC 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 Newport Asia serves?

The only and largest group of clients of Newport Asia is pooled investment vehicles with 5 clients and $2.13 billion of assets under management. Among the 12 most similar advisory firms, Newport Asia has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.13 billion for 5 clients. None of the firm’s clients are foreign persons or businesses.

Newport Asia also advises several private funds. Namely, five other private funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $1,000,000.

Careers at Newport Asia LLC

The company employs 12 people that are either part- or full-time employees. 67 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
Thomas Rogerson Tuttle	Managing member	1 Oct 2001	Other	1320153
Michael Ellis	Managing member/chief compliance officer	1 Apr 2002	Other	1434369
John Miller Mussey	Managing member	1 Jun 2002	Other	1760696
Michael Ellis	Managing member/chief compliance officer	1 Jun 2002	25% - 50%	1434369
Thomas Rogerson Tuttle	Managing member	1 Jun 2002	Other	1320153
Christopher Hayden Legallet	Managing member	1 Oct 2004	25% - 50%	1899284
Wenhua Zhang	Managing member	1 Oct 2012	Other	2620643
Eric Robert Lewis Sandlund	Managing member	1 Apr 2014	Other	6336995

Based in San Francisco

The principal office where Newport Asia LLC performs its advisory services is located at 601 California Street, San Francisco, CA 94108 2811, 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 415/677-8620 or by fax 415/677-8623. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at newportasiallc.com.