Needelman Asset Management Inc (Newport Beach)

Name: Needelman Asset Management Inc
Address: 1301 Dove Street, Newport Beach, CA, 92660 2453
Telephone: 949-717-3400

Needelman Asset Management Inc is a related adviser based in Newport Beach. It manages $1.65 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdiction of California.

Needelman Asset Management provides portfolio management for individuals and small businesses and 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.

Needelman Asset Management: assets under management

The assets under management (AUM) of Needelman Asset Management Inc is $1.65 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -99% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.65 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.65 million each.

Investments

The firm invests in exchange traded securities the most. They account for 69% of the total AUM. The second-largest asset type is government bonds, which make up 18% of the firm’s portfolio. Investments in cash and cash equivalents form 13% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Needelman Asset Management Inc 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 Needelman Asset Management Inc

The company employs 3 people that are either part- or full-time employees. 100 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.

Mitchel Evan Needelman has been acting as President since 1 Jun 2008. Spectrum Asset Management Inc joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Chester Joseph Needelman	Chief executive officer	1 Dec 1973	75% - 100%	2070905
Needelman Family 1995 Special Trust	Direct owner	1 Nov 1996	Other	33-6177623
C N Management Lp	Direct owner	1 Nov 1996	Other	33-0689236
Sonoma Capital Llc	Direct owner	1 Sep 2002	25% - 50%	41-2052625
David W Wu	President	1 Sep 2002	Other	4599169
Mitchel Evan Needelman	Direct owner	1 Jul 2003	Other	4599154
Luong Duy Nguyen	Executive vice president	1 Mar 2004	Other	3200006
Dorothy Alicia Needelman	Direct owner	1 May 2006	Other	4599205
Carri Lurea Willis	Direct owner	1 May 2006	Other	4599166
Carri Lurea Wiatt	Direct owner	1 May 2006	Other	4599166
Carri Lurea Villella	Direct owner	1 May 2006	Other	4599166
Mitchel Evan Needelman	President	1 Jun 2008	Other	4599154
Spectrum Asset Management Inc	Shareholder	1 Apr 2018	75% - 100%	111007
Tony Kyuwhan Jung	Chief compliance officer	1 Apr 2018	Other	3241976

Indirect Owners

The SEC currently registers 10 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Mitchel Evan Needelman	Trustee	1 Nov 1996	Other	4599154
Carri Lurea Willis	Trustee	1 Nov 1996	Other	4599166
Dorothy Alicia Needelman	Trustee	1 Nov 1996	Other	4599205
Chester Joseph Needelman	Trustee	1 Nov 1996	Other	2070905
David W Wu	Elected manager	1 Aug 2002	Other	4599169
Gregory Edward Nagler	Elected manager	1 Aug 2002	Other	4599520
Wing H Yip	Elected manager	1 Aug 2002	Other	2480084
Dva Investment (Bvi) Limited	Member	1 Aug 2002	Other	none
Ryan Lee Kelly Separate Property Trust Dtd 01/11/2006	Shareholder	1 Jan 2006	75% - 100%	xxx-xx-xxxx
Ryan Lee Kelly	Trustee	1 Jan 2006	Other	4394440

Based in Newport Beach

The principal office where Needelman Asset Management Inc performs its advisory services is located at 1301 Dove Street, Newport Beach, CA 92660 2453, 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 949-717-3400 or by fax 949-717-3410. The normal business hours are 7:30am-4:00pm on Monday - Friday. You can find more information about the New York firm at needelman.com.