Asb Capital Management LLC (Bethesda)


Asb Capital Management LLC is a large advisory firm based in Bethesda. It manages $25.24 billion of regulatory assets for 104 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Asb Capital Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and publication of newsletters. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Asb Capital Management: assets under management

The assets under management (AUM) of Asb Capital Management LLC is $25.24 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 203% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $25.24 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $242.65 million each.
Asb Capital Management has custody of $6.12 billion in cash and securities for 3 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 33% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 25% of the firm’s portfolio. Investments in state and local bonds form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Asb Capital Management LLC for their services and products based on a percentage of assets under management 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.

What kind of clients William F (Mi Only) Mcsweeny serves?

The firm provides services to insurance companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of William F (Mi Only) Mcsweeny is pooled investment vehicles with 6 clients and $23.25 billion of assets under management. Among the 11 most similar advisory firms, Asb Capital Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $25.24 billion for 75 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Asb Capital Management doesn't advise any private funds.

Careers at Asb Capital Management LLC

The company employs 75 people that are either part- or full-time employees. 47 percent of the employees work as investment advisers or researchers. 19 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

William F (Mi Only) Mcsweeny has been acting as President since 1 Nov 1997. Peter Lindner has served as the Chief Investment Officer since 1 Mar 2004. Patricia Saul Lotuff joined the executive team most recently as the Director.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Bernard Francis Ii Saul Chairman of board of directors 1 Nov 1997 75% - 100% 1512547
William F (Mi Only) Mcsweeny Director 1 Nov 1997 Other 2743170
William F Mcsweeny Director 1 Nov 1997 Other 2743170
Allison Ann Ferko Chief legal officer 1 Nov 1997 Other 2882256
John R Whitmore Chairman of the board of directors 1 Oct 1999 Other 1483250
Chevy Chase Asset Management Company Owner 1 Oct 2000 75% - 100% 52-2308710
Peter Michael Welber Director 1 Aug 2003 Other 4717090
Walter Robert Fatzinger Director 1 Sep 2003 Other 1475537
Daniel Brendan Mulvey President & ceo 1 Dec 2003 Other 1976010
Peter Lindner Chief investment officer 1 Mar 2004 Other 2414366
Sherri Lewis Chief financial officer 1 May 2004 Other 4891243
Paul Roy Duncan Chief compliance officer 1 Jan 2005 Other 3061348
Thomas Mccormick Director 1 Jun 2005 Other 5077780
Thomas Hammond Mccormick Vice chairman 1 Jun 2005 Other 5077780
Robert Benet Bellinger President, asb real estate investments division 1 Jul 2006 Other 2706177
John Arnold Edwards Chief investment officer, asb investment management division 1 Mar 2008 Other 1760934
Inc. Chevy Chase Trust Holdings Owner 1 Feb 2009 75% - 100% 52-1510202
Howard Gregory Platts Director 1 Feb 2009 Other 5649604
Inc. Chevy Chase Holding Owner 1 Feb 2009 75% - 100% 52-0965622
Derwood Investment Company Owner 1 Feb 2009 75% - 100% 52-1510202
Lasalle Doheny Leffall Director 1 Jun 2009 Other 1477289
Peter Shepard Burr President, asb investment management division 1 Sep 2009 Other 5301697
Bernard Francis Saul Director 1 Dec 2009 Other 5742158
Gilbert Melville Grosvenor Director 1 Jan 2010 Other 5773175
Gilbert M Grosvenor Director 1 Jan 2010 Other 5773175
Joel Albert Friedman Chief financial officer 1 Mar 2010 Other 5907347
Joel Freidman Chief financial officer 1 Mar 2010 Other 5907347
Joel Albert Freidman Chief financial officer 1 Mar 2010 Other 5907347
George Patrick Clancy Director 1 Jul 2010 Other 2981916
Wendelin Anita White Director 1 Dec 2011 Other 6035969
Peter Michael Welber Director 1 May 2012 Other 4717090
Robert Benet Bellinger Ceo, asb capital management llc 1 May 2012 Other 2706177
Taryn Dane Fielder General counsel 1 Jun 2013 Other 6470562
Christine Nicolaides Kearns Vice chair 1 Jun 2014 Other 6364110
Earl Alexander Powell Director 1 Apr 2018 Other 6945455
Patricia Saul Lotuff Director 1 Dec 2018 Other 7055660

Indirect Owners

The SEC currently registers 7 indirect owners.

Name Entity Date acquired Ownership Employer ID
Chevy Chase Bank Owner 1 Oct 2000 75% - 100% 52-0897004
Westminster Investing Corporation Owner 1 Feb 2009 75% - 100% 52-0785483
Inc. Chevy Chase Holdings Owner 1 Feb 2009 75% - 100% 52-0965622
Bernard Francis Ii Saul Owner 1 Feb 2009 75% - 100% 1512547
Llc Chevy Chase Holdings Owner 1 Feb 2009 75% - 100% 52-0965622
Llc Chevy Chase Trust Holdings Owner 1 Feb 2009 75% - 100% 52-1510202
Chevy Chase Property Company Owner 1 Feb 2009 75% - 100% 52-0965622

Based in Bethesda

The principal office where Asb Capital Management LLC performs its advisory services is located at 7501 Wisconsin Avenue, West Tower, Bethesda, MD 20814, which is also the mailing address of the firm. An additional office of the firm is in Palo Alto, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 240-482-2900 or by fax 202-482-2904. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at asbinvestmentmanagement.com and its LinkedIn profile.