The PENN MUTUAL ASSET MANAGEMENT is a publicly held investment adviser that advises $140.01Bn in regulatory assets under management held in 1 SEC fund types across 1 investment strategies. PENN MUTUAL ASSET MANAGEMENT is a Retail Wealth A retail wealth manager is a manager whose >=75% of total assets under management are managed for individual investors through retail advisory or brokerage channels. Manager. Assets increased by 77.6% over the last 5-years.
The Group has been registered with the SEC for 54.94 years and is comprised of 3 filing and 0 relying advisers. They operate out of 49 office locations with their Headquarters at 1717 ARCH STREET, PHILADELPHIA, PA. The Group has been subject to regulatory enforcement actions. They are regulated by 2 US and Non-US bodies.
They have 2,852 employees comprised of 1,641 investment and 1,211 non-investment staff. The total number of Employees increased by 4.89% over the last 5-years.
Their $140.01Bn in assets advised are owned by 2 private funds, 32 public funds and BDCs and 3,988 other accounts. Assets of High Net Worth Individuals clients own $65.14Bn or 46.53% of Total Assets and Insurance Companies own $28.99Bn or 20.71% of Total Assets.
The Group's top investment strategies include Multi Strat, representing 100% of total assets, respectively.
They advise 9 types of clients, top clients are High Net Worth Individuals and Insurance Companies.
The Group uses 1 Fund Administrators, 1 Fund Auditors, 0 Prime Brokers, 1 Custodians and 0 Marketers. It does not report a third-party Fund Administrator in 0 private funds with $0 in assets.
The Group discloses fixed fees and management fees.
PENN MUTUAL ASSET MANAGEMENT names 0 sub-advisers to 0 different funds advised by the group. The Group has been named as the sub-adviser to 0 funds.
They have a HIGH-WATCH risk business model that requires a high degree of process maturity to manage operational risk. A Manager Group has a "High Complexity" when 25% or more of 63 business conditions measured require a high level of process maturity to manage the risk. The "Watch" suffix indicates that one or more of the following business conditions carry a high-complexity score: 1) % Fund Assets Valued Internally, 2) prior Regulatory Violations, 3) Unqualified Audits, 4) Multi-Functional C-Suite and 5) Business Concentration Risk with an Auditor or Administrator.
In PENN MUTUAL ASSET MANAGEMENT's case, they have 20 business conditions that require high process maturity and 2 Watch Factors.