Palley Needelman Asset Management Inc (Newport Beach)

Palley Needelman Asset Management Inc is a large advisory firm based in Newport Beach. It manages $144.87 million of regulatory assets for 111 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Indiana, Louisiana, and 7 other states.

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

Palley Needelman Asset Management: assets under management

The assets under management (AUM) of Palley Needelman Asset Management Inc is $144.87 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $144.87 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.31 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Palley Needelman Asset Management Inc for their services and products based on a percentage of assets under management and hourly charges. 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 Palley Needelman Asset Management Inc

Roger Bruce Palley has been acting as President since 1 May 1985.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Chester Joseph Needelman	Chief executive officer	1 Dec 1973	50% - 75%	2070905
Roger Bruce Palley	President	1 May 1985	50% - 75%	355497

Based in Newport Beach

The principal office where Palley Needelman Asset Management Inc performs its advisory services is located at 800 Newport Center Dr, Newport Beach, CA 92660 6300, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.