AS Avaron Asset Management provides portfolio management for pooled vehicles.
AS Avaron Asset Management reports 4 other clients. Of its assets, 100.0% ($402M across 4 accounts) are managed with discretion. Of its clients, 100% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Other | 100% | 100% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Other | 4 | $402M | 100.0% | $100M |
| Total | 4 | $402M | 100% | $100M |
- Clients
- 4
- Regulatory AUM
- $402M
- AUM share
- 100.0%
- Avg. per client
- $100M
Total
- Clients
- 4
- Regulatory AUM
- $402M
- AUM share
- 100%
- Avg. per client
- $100M
- Clients outside the U.S.
- 100%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
AS Avaron Asset Management is paid through a percentage of assets under management and performance-based fees; its fees and minimums are set out in its brochures on the SEC website.
Ou Princo owns 50% to 75% of AS Avaron Asset Management and is in turn owned by Kristel Kivinurm-Priisalm (25–50%) and Peter Priisalm (25–50%). It has 17 employees, 11 of them in advisory roles.
Leadership
- Valdur JahtCIO, Board Member
- Maris JahtDirector
- Kristel Kivinurm-PriisalmCEO, COO, Board Member
- Ingrid KorgemaCCO
- Rain LeesiShareholder, Preferred Share, Director, Head of Research
- Reino PentShareholder, Preferred Share, Senior Analyst
- Peter PriisalmCIO, Director
- Piotr JurgaShareholder, Preferred Share, Senior Analyst
Staff
- 17 employees
- 11 in advisory functions
- Owns 50% to 75% of As Avaron Asset Management
Ou Princo
Control person · since January 2024
- Owns 25% to 50% of Ou Princo
Kristel Kivinurm-Priisalm
Control person · since March 2004
- Owns 25% to 50% of Ou Princo
Peter Priisalm
Control person · since March 2004
- Owns 25% to 50% of As Avaron Asset Management
Ou Venatio
Control person · since January 2024
Valdur Jaht
Shareholder · Control person · since July 2005
Maris Jaht
Shareholder · Control person · since August 2014
- Owns 5% to 10% of As Avaron Asset Management
Piotr Jurga
since December 2016
- Owns 5% to 10% of As Avaron Asset Management
Rain Leesi
since December 2016
AS Avaron Asset Management’s regulatory assets grew from $372M (March 2021) to $402M (February 2026); clients fell from 6 to 4 and employees from 19 to 17.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| February 2026 | $402M | 4 | 17 | 1 |
| February 2025 | $220M | 4 | 16 | 1 |
| March 2024 | $269M | 5 | 15 | 1 |
| March 2023 | $155M | 5 | 17 | 1 |
| March 2022 | $401M | 6 | 21 | 1 |
| March 2021 | $372M | 6 | 19 | 1 |
Besides its headquarters, AS Avaron Asset Management has 0 offices, with 1 listed address with no US state reported.
Contact and registration details
- Legal name
- As Avaron Asset Management
- Headquarters
- Narva MNT 7d, Tallinn, Estonia 10117
- Website
- avaron.com
- Phone
- 372-664-4205
- SEC file
- 801-107104
- Structure
- limited liability company organized in Estonia
- Fiscal year end
- December
AS Avaron Asset Management uses Swedbank As ($221M, 55%), Caceis Investor Services Bank S.a. ($134M, 33%) and Citibank Europe PLC, Luxembourg Branch ($47.2M, 12%) as custodians for its separately managed accounts. AS Avaron Asset Management does not have custody of client assets.
- Citibank Europe PLC, Luxembourg BranchCitibank Europe PLC, Luxembourg Branch · Bertrange · $47.2M12%
- Swedbank AsSwedbank As · Tallinn · $221M55%
- Caceis Investor Services Bank S.a.Caceis Investor Services Bank S.a. · Dublin · $134M33%
At year end, AS Avaron Asset Management’s separately managed accounts were mostly in stocks (88%).
What the accounts hold
- Stocks88%
- Funds1%
- Bonds7%
- Cash4%
How many clients does AS Avaron Asset Management have?
AS Avaron Asset Management has 4 clients and manages $402 million for them, as of February 2026. They include 4 other clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 3 February 2026
What services does AS Avaron Asset Management offer?
AS Avaron Asset Management provides portfolio management for pooled vehicles.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does AS Avaron Asset Management use?
AS Avaron Asset Management’s separately managed account assets are held at Swedbank As (Tallinn), with $221M, Caceis Investor Services Bank S.a. (Dublin), with $134M and Citibank Europe PLC, Luxembourg Branch (Bertrange), with $47.2M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 3 February 2026
How many financial advisors does AS Avaron Asset Management have?
AS Avaron Asset Management has 0 investment adviser representatives registered with state securities authorities, out of 17 employees, and 11 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does AS Avaron Asset Management invest in?
At the end of its last fiscal year, AS Avaron Asset Management’s separately managed accounts held 88% exchange-traded equities, 7% high-yield corporate bonds, 4% cash and equivalents and 1% registered funds (mutual funds, ETFs, BDCs).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns AS Avaron Asset Management?
AS Avaron Asset Management is owned through holding companies by Kristel Kivinurm-Priisalm and Peter Priisalm. Its direct owners are Ou Princo (50% to 75%), Piotr Jurga (5% to 10%), Rain Leesi (5% to 10%) and Ou Venatio (25% to 50%).
Source: Form ADV Part 1A, Schedules A and B, filed 3 February 2026
How does AS Avaron Asset Management get paid?
AS Avaron Asset Management is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact AS Avaron Asset Management?
AS Avaron Asset Management’s main office is at Narva MNT 7d, Tallinn, Estonia 10117. Its phone number is 372-664-4205. Its website is avaron.com.