Dnb Asset Management (Us), Inc. (New York)

Dnb Asset Management (Us), Inc. is a large advisory firm based in New York. It manages $3.79 billion of regulatory assets for 47 client accounts. It has been registered with the SEC as an adviser since 2003.

Dnb Asset Management (Us) 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.

Dnb Asset Management (Us): assets under management

The assets under management (AUM) of Dnb Asset Management (Us), Inc. is $3.79 billion. The firm's AUM has gone down by -31% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.75 billion in discretionary accounts and $1.04 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $144.67 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $37.17 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Dnb Asset Management (Us), Inc. 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.

Careers at Dnb Asset Management (Us), Inc.

Anders B.E. Kvist has been acting as President since 1 Nov 1998. Bard Smith M Johannessen joined the executive team most recently as the President, Ceo.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Anders B.E. Kvist	Director	1 Nov 1998	Other	4358105
Dnb Asset Management Ab ("Dam Ab")	Sole shareholder of applicant	1 Jun 1999	75% - 100%	foreign entity
Dnb Nor Asset Management Ab ("Dam Ab")	Sole shareholder of applicant	1 Jun 1999	75% - 100%	foreign entity
Stefan Lars Carlsson	President, ceo, director & compliance officer	1 Nov 1999	Other	4358432
Morten Steinsland	Vice president & head of fixed income	1 Feb 2000	Other	4647515
Fredrik Martenson	Vice president & head of equity	1 Feb 2000	Other	4647533
Johan Anders Jonsson	Director	1 May 2002	Other	4549800
Torkild Sindre Varran	Director	1 Jan 2004	Other	4782763
Bard Smith M Johannessen	President, ceo	1 Jun 2004	Other	4883198

Indirect Owners

The SEC currently registers 8 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Dnb Holding Asa	Sole s/h	1 Jan 1999	75% - 100%	foreign entity
Dnb Nor Asa	Sole s/h	1 Jan 1999	75% - 100%	foreign entity
Dnb Kapitalforvaltning Holding Ab	Sole s/h	1 Jun 1999	75% - 100%	foreign entity
Dnb Nor Kapitalforvaltning Holding Ab	Sole s/h	1 Jun 1999	75% - 100%	foreign entity
Dnb Financial Holding Ab	Sole s/h	1 Jan 2002	75% - 100%	foreign entity
Dnb Nor Financial Holding Ab	Sole s/h	1 Jan 2002	75% - 100%	foreign entity
Dnb Asset Management Holding (Sweden) Ab	Sole s/h	1 May 2002	75% - 100%	foreign entity
Dnb Nor Asset Management Holding (Sweden) Ab	Sole s/h	1 May 2002	75% - 100%	foreign entity

Based in New York

The principal office where Dnb Asset Management (Us), Inc. performs its advisory services is located at 52 Vanderbilt Avenue, 12 Th Fl., New York, NY 10017, 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 212-551-9800 or by fax 212-551-9841. The normal business hours are 8:30 am - 4:30 pm on Monday - Friday.