Modum Asset Management LLC (also referred to as “Modum”, “we”, “us”, or the “Firm”) is a
Delaware limited liability company with offices in Mexico City and New York City. The Firm’s
principal owners are Mr. Jacob Dabdoub Hernandez, Mr. Luis Gerardo Ledinich Ascencio, Mr.
Baltasar Peral Robinson Bours, and Mr. Jendanny Raña Custodio (also referred to as the
“partners”, “management persons,” and “principal owners”).
Modum offers two types of advisory services: (1) investment management (the “Investment
Management Service”) and (2) advisory & reporting (the “Advisory & Reporting Service”).
Investment Management Service: Under the Investment Management Service, Modum acts as
a discretionary investment adviser by making all investment decisions regarding the assets placed
under its discretion. Modum has full power to supervise and direct, in its sole discretion, and
without first consulting the client, the purchase, sale, and holding of assets in the client account
in securities, cash, and cash equivalents. Modum may, without prior consultation with the client,
select, buy, sell, and trade in stocks, bonds, mutual funds, and other securities and/or contracts
relating to
the same, in each case at the client’s risk for the client account.
Advisory & Reporting Service: Under the Advisory & Reporting Service, Modum acts as a non-
discretionary investment adviser to the client account. Modum may not, without prior consultation
with the client, select, buy, sell, and trade in stocks, bonds, mutual funds, and other securities
and/or contracts relating to the same in each case at the client’s risk for the client account.
Unless we are responsible for arranging or effecting trades on behalf of the client, we do not
include client assets under our Advisory & Reporting Service in the Firm’s regulatory assets under
management.
Modum does not participate in any wrap fee programs.
As of December 31, 2023, Modum manages approximately $40,703,312 of client assets on a
discretionary basis and approximately $9,899,797 of client assets on a non-discretionary basis,
for a total of $50,604,405 in regulatory assets under management.
In addition to the regulatory assets under management disclosed above, as of December 31,
2023, client assets under our Advisory & Reporting Service are approximately $164,125,465.
Total client assets are approximately $214,197,554.