Concord Asset Management
Concord Asset Management is a privately held, Sofia-based asset management firm founded in 2005 that provides institutional investment management, portfolio diversification, and investment advisory services.
- Company typePrivate
- Founded2005
- HeadquartersSofia, Bulgaria
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Concord Asset Management does
Concord Asset Management is a privately held asset management firm headquartered in Sofia, Bulgaria, founded in 2005. The company provides professional investment management services, portfolio diversification, and institutional-grade investment strategies. Its stated primary use case is wealth management and investment portfolio management for institutional investors, positioning the firm as a specialized provider of investment advisory services in the Bulgarian market. The firm maintains no public listing and operates without disclosed subsidiaries, funding history, or material partnerships.
The company's leadership is limited in public disclosure: Natalia Petrova serves as Executive Director, the only named executive in available source material. Source data references both the Bulgarian parent entity (Concord Asset Management, concord-am.bg, founded 2005) and an affiliated US-registered investment advisor (Concord Asset Management LLC VA), the latter of which filed Q4 investment activity reports as recently as April 2026, indicating continued operational activity. However, the exact corporate relationship between the two entities is not specified in the source data, and ownership, shareholders, and control structure remain undisclosed.
Public source coverage is sparse and primarily references institutional investor portfolio holdings rather than firm-level operational or financial metrics. No pricing, customer details, headcount, technology infrastructure, awards, certifications, or distribution channels are disclosed. The firm's website (concord-am.bg) returns a loader/placeholder state in the available snapshot, suggesting limited public-facing digital presence. These gaps materially constrain any granular commercial or financial assessment of the firm.
Concord Asset Management firmographics
Firmographics- Name
- Concord Asset Management
- Legal name
- Concord Asset Management LLC VA
- Website
- https://concord-am.bg
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Concord Asset Management is a privately held, Sofia-based asset management firm founded in 2005 that provides institutional investment management, portfolio diversification, and investment advisory services.
- Ownership category
- akta.pro rank
Concord Asset Management industry classification
Industry- Product category
- Asset Management
- NAICS
- Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG)
- akta.pro secondary industries
- Institutional Separate Accounts & SMAs (Mandates) (FSAAAGAL), Advisory Portfolio Management (Non-Discretionary) (FSAAABAD)
Keywords
Where Concord Asset Management is headquartered
LocationHeadquarters
- HQ city
- Sofia
- HQ country
- Bulgaria
- HQ region
- Europe
Markets served
Concord Asset Management business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Concord Asset Management product offering
Product offeringCore offering
Concord Asset Management is a private asset management firm that provides professional investment management and portfolio services to clients. The firm delivers portfolio diversification and institutional-grade investment strategies, managing investments on behalf of institutional investors. It operates as a registered investment advisory firm with a separately referenced U.S. entity (Concord Asset Management LLC VA) and is headquartered in Sofia, Bulgaria.
Differentiator
Problem solved
Functional benefit
Products and services
- Investment Management Services
Companies that use Concord Asset Management
Customer profileIdeal customer profiles1 record
Concord Asset Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Concord Asset Management partnerships and signals
Strategic signalRecent moves1 record
Concord Asset Management competitors and assessment
Company assessmentBroad incumbents
- BlackRock: BlackRock is the world's largest asset manager, offering institutional portfolio management and RIA-equivalent services across asset classes. Directly comparable to Concord's institutional investment management focus, but operating at vastly greater scale and breadth, making it a benchmark incumbent rather than a head-to-head competitor.
- Vanguard Institutional: Vanguard's institutional division manages mandates for pensions, endowments, and other institutions using index and active strategies. Comparable to Concord in serving institutional clients with discretionary portfolio management, but on a global, multi-trillion scale that positions it as a large incumbent reference point.
- State Street Global Advisors: State Street Global Advisors provides institutional asset management including OCIO, ETFs, and segregated mandates. Its institutional consulting and portfolio management service overlaps directly with Concord's stated RIA/institutional mandate focus.
- J.P. Morgan Asset Management: J.P. Morgan Asset Management runs institutional investment portfolios, OCIO programmes, and multi-asset solutions for pensions and endowments. Comparable to Concord on the institutional mandate side, though at vastly greater scale and with a much broader product shelf.
- Fidelity Institutional Asset Management: Fidelity's institutional arm provides discretionary portfolio management and advisory solutions to institutions and RIAs. Its institutional mandate offerings mirror Concord's institutional asset management focus.
- Northern Trust Asset Management: Northern Trust Asset Management provides institutional OCIO, index, and active investment management to pensions, endowments, and foundations. Directly aligned with Concord's institutional-focused RIA mandate profile, but with global scale and a multi-decade institutional book.
- Amundi: Amundi is the largest European asset manager, offering institutional portfolio management across asset classes with strong EU regulatory presence. Comparable to Concord as an institutional asset manager with European institutional client orientation, though at European top-tier scale.
- Allianz Global Investors: Allianz Global Investors offers institutional asset management and mandate solutions across equities, fixed income, and multi-asset. Comparable to Concord on institutional portfolio management, with European regulatory roots and a global distribution footprint.
Regional players
- UBB Asset Management: UBB Asset Management is a Bulgarian asset management company operating in the same Sofia-based Bulgarian market as Concord, offering investment fund and institutional portfolio management under local FSC supervision. It is the closest domestic geographic peer.
- Elana Asset Management: Elana Asset Management is a Bulgarian investment management firm operating in Sofia, providing institutional and retail investment portfolio services. Directly comparable regional peer for Concord within the Bulgarian asset management market.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat2 records
Key risks5 records
Key highlights5 records
Customer concentration
Concord Asset Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Concord Asset Management leadership team
Management profileNumber of profiles
Profiles1 record
Concord Asset Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Concord Asset Management M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Concord Asset Management
What does Concord Asset Management do?
Concord Asset Management is a private asset management firm that provides professional investment management and portfolio services to clients. The firm delivers portfolio diversification and institutional-grade investment strategies, managing investments on behalf of institutional investors. It operates as a registered investment advisory firm with a separately referenced U.S. entity (Concord Asset Management LLC VA) and is headquartered in Sofia, Bulgaria.
Is Concord Asset Management a public or private company?
Concord Asset Management is a private company. It is classified as unknown and is currently operating.
When was Concord Asset Management founded?
Concord Asset Management was founded in 2005. It employs 11 to 50 people.
Where is Concord Asset Management based?
Concord Asset Management is headquartered in Sofia, Bulgaria, in the Europe region.
Who are Concord Asset Management's main competitors?
Broad incumbents on record are BlackRock, Vanguard Institutional, State Street Global Advisors, J.P. Morgan Asset Management, Fidelity Institutional Asset Management, Northern Trust Asset Management, Amundi and Allianz Global Investors. Regional players are UBB Asset Management and Elana Asset Management.
Does Concord Asset Management have an API?
No public API is recorded for Concord Asset Management.
What industry is Concord Asset Management in?
Concord Asset Management's product category is Asset Management. Its primary akta.pro industry code is FSAAACAG, Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions), with a secondary code of FSAAAGAL, Institutional Separate Accounts & SMAs (Mandates). Its NAICS code is 523940 and its SIC code is 6282.