Sheer Asset Management is a large advisory firm based in New York. It manages $327 million of regulatory assets for 385 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Connecticut, Georgia, and 5 other states.
Sheer Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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.
The assets under management (AUM) of Sheer Asset Management is $327 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -44% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Sheer Asset Management 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.
David Sheer has been acting as President since 1 Mar 2002. Adam Sheer joined the executive team most recently as the President.
The principal office where Sheer Asset Management performs its advisory services is located at 444 Madison Avenue, Ste 605, New York, NY 10022, 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 212-599-6060 or by fax 212-599-5409. The normal business hours are 9am - 5pm on Monday - Friday.