Chesapeake Asset Management LLC is a large advisory firm based in New York. It manages $741.28 million of regulatory assets for 164 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arkansas, California, Colorado, and 13 other states.
Chesapeake Asset Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. 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 Chesapeake Asset Management LLC is $741.28 million. The firm's AUM has grown by 177% since the beginning of its operation, and $103.32 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Chesapeake Asset Management LLC 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.
The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Chesapeake Asset Management is corporations or other businesses with 6 clients and $502.82 million of assets under management. Among the 8 most similar advisory firms, Chesapeake Asset Management has the highest percentage of corporations or other businesses out of all clients.
The amount of regulatory assets under management is $741.28 million for 72 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 8% of the firm’s clients are foreign persons or businesses.
Chesapeake Asset Management also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons ranges from $0 to $1,000,000.
The company employs 14 people that are either part- or full-time employees. 43 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.
The principal office where Chesapeake Asset Management LLC performs its advisory services is located at 630 Fifth Avenue, New York, NY 10111, 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 212-218-4040 or by fax 212-218-4064. 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 chesman.com.