Kyobo Life Asset Management (America) Co., Ltd. (New York)

Kyobo Life Asset Management (America) Co., Ltd. is a large advisory firm based in New York. It manages $2.87 billion of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of New York.

Kyobo Life Asset Management (America) Co. 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.

Kyobo Life Asset Management (America) Co.: assets under management

The assets under management (AUM) of Kyobo Life Asset Management (America) Co., Ltd. is $2.87 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1647% since the beginning of its operation, and $2.87 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $2.87 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.87 billion each.

Investments

The firm invests in investment grade corporate bonds the most. They account for 40% of the total AUM. The second-largest asset type is sovereign bonds, which make up 34% of the firm’s portfolio. Investments in government bonds form 24% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Kyobo Life Asset Management (America) Co., 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.

Careers at Kyobo Life Asset Management (America) Co., Ltd.

The company employs 4 people that are either part- or full-time employees. 75 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.

Hee Seok Kim has been acting as President since 1 Dec 2014. Youngrok Lee joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ltd. Kyobo Life Insurance Co.	Sole member	1 Jul 1996	75% - 100%	none
Jay Elwood Esche	Chief compliance officer	1 Dec 2014	Other	6434040
Hee Seok Kim	President	1 Dec 2014	Other	6434041
Chea Hwa Chung	Chief compliance officer	1 Jul 2015	Other	6522135
Hwi Seong Cho	President	1 May 2016	Other	6651934
Hee Seok Kim	President	1 Oct 2017	Other	6651934
Youngrok Lee	Chief compliance officer	1 Nov 2018	Other	7046746
Cheahwa Chung	President	1 Nov 2018	Other	6522135

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Chang Jae Shin	Shareholder	1 Jun 2013	25% - 50%	6444742

Based in New York

The principal office where Kyobo Life Asset Management (America) Co., Ltd. performs its advisory services is located at 120 W 45 Th St, New York, NY 10036, 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 646-590-3774. The normal business hours are 8:00 - 5:00 on Monday - Friday.