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Assured Investment Management Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Assured Investment Management, formerly known as BlueMountain Capital Management, is a fee-based investment advisory firm that advises pooled investment vehicles primarily on behalf of institutional clients. So it doesn't extend its services to individuals. For an advisor who works with individual clients, use our financial advisor matching tool to find up to three who serve your area.  

Assured Investment Management Background

In August 2020, Andrew Feldstein resigned as CEO and chief investment officer of Assured and David A. Buzen took over his responsibilities in both positions.

BlueMountain Capital Managment, LLC changed its name officially in September 2020 to Assudred Investment Management LLC. Andrew Feldstein and Stephen Siderow founded BlueMountain in 2003.

Assured Investment Management Client Types and Minimum Account Sizes

Assured provides investment advisory services to private investment funds and institutional accounts typically operating as limited partnerships or foreign companies. 

The firm's account minimums vary across different client types. The firm generally requires a minimum account size of $1 million to work with private fund clients. Meanwhile, the general minimum investment for investors in special purpose vehicles for collateralized loan obligations (CLOs) is $250,000. 

The minimum investment for institutional accounts depends on several factors such as the types of financial instruments involved in the account, the strategies utilized and the vehicle’s time horizon. 

Services Offered by Assured Investment Management

BlueMountain provides investment management services to pooled investment vehicles generally functioning as private investment funds. In offering these services, the firm generally works with an affiliate serving as general partner. Investments into these funds are made through a master-feeder structure. 

Assured Investment Management Investment Philosophy

BlueMountain employs a multi-strategy approach to investing. The one that applies to each client would be detailed in a confidential private placement memorandum. That said, the firm generally engages in one or more of the following strategies:

  • Fundamental research: Evaluate the current financial health of a company by examining its financial records and other sources in order to make projections about its future status. 
  • Quantitative analysis: Study past and present market conditions to determine future price movements. 
  • Technical analysis: Understand the technical dynamics of different credit, fixed income, equity and volatility markets. 

Fees Under Assured Investment Management 

Assured generally charges its fund clients a monthly management fee that can span from an annual 1% to 2% of the net assets in the fund. The firm typically charges CLO clients a management fee composed of two parts. One is a senior investment management fee usually representing an annual 0.15% to 0.20% of net assets. The other is a subordinate investment management fee usually equal to 0.35% of net assets. These are typically payable quarterly in arrears. 

The firm states that in regard to CLO clients, “The net assets of a CLO generally include the aggregate value of the CLO’s collateral plus available cash. The management fee is paid from interest revenue, which is segregated from other CLO cash at the time of such management fee payment.” Fees charged to advisory clients vary and are described in the private placement memorandum the firm signs with a particular institutional client. 

However, Assured’s investment advisory fees don’t account for additional expenses that may be exclusive to each particular client. These may include additional charges such as commissions, clearing fees and more. 

What to Watch Out For

Assured has two disclosures reported on its Form ADV. One of these is attributed to the firm directly, with the second coming from one of its advisory affiliates.

The firm does not work directly with individual investors. If you're looking for a personal advisor, try using SmartAsset free matching tool to find options who serve your area.

Opening an Account With Assured Investment Management

Potential clients can establish a relationship with Assured by visiting its website or calling (212) 905-3900.

All information was accurate as of the writing of this article.

Tips for Finding a Financial Advisor

  • Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
  • Know that not all advisors follow the same standards. Those registered with the Securities and Exchange Commission (SEC), for example, serve as fiduciaries and must work in the best interests of the clients or face severe penalties. So it’s important to research the individual advisors and firms you are considering. You should also keep an eye out for notable designations such as certified financial planners (CFPs).

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research