The EMPIRICAL ASSET MANAGEMENT, LLC is a privately held investment adviser that advises $467.53mn in regulatory assets under management held in 1 SEC fund types across 1 investment strategies. EMPIRICAL ASSET MANAGEMENT, LLC 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 356.68% over the last 5-years.
The Group has been registered with the SEC for 15.2 years and is comprised of 1 filing and 0 relying advisers. They operate out of 5 office locations with their Headquarters at 57 RIVER STREET SUITE 301, WELLESLEY, MA. The Group has not been subject to regulatory enforcement actions. They are regulated by 1 US and Non-US bodies.
They have 14 employees comprised of 11 investment and 3 non-investment staff. The total number of Employees increased by 250% over the last 5-years.
Their $467.53mn in assets advised are owned by 1 private fund, 0 public funds and BDCs and 19 other accounts. Assets of High Net Worth Individuals clients own $359.52mn or 76.9% of Total Assets and Individuals own $53.59mn or 11.46% of Total Assets.
The Group's top investment strategies include Quantitative Trading, representing 100% of total assets, respectively.
They advise 5 types of clients, top clients are High Net Worth Individuals and Individuals.
The Group uses 1 Fund Administrators, 1 Fund Auditors, 1 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 management fees and performance-based fees.
EMPIRICAL ASSET MANAGEMENT, LLC 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 MEDIUM-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 EMPIRICAL ASSET MANAGEMENT, LLC's case, they have 12 business conditions that require high process maturity and 1 Watch Factors.