Contrarian Capital Management LLC

CRD#109979
Investment Advisor Firm

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Overview

Contrarian Capital Management LLC operates as a financial advisor company that has its headquarters in Greenwich, Connecticut. It has $4.6 billion in assets across 28 accounts, making it one of the biggest firms in the United States by assets under management (AUM). Contrarian Capital Management LLC has an average-sized team, including 25 financial advisors. Contrarian Capital Management LLC does not act as a registered broker-dealer, signifying that the advisor cannot buy and sell securities for its own accounts as well as its customers' and instead has to go through a broker-dealer company to do so. Securities are tradable fiscal investments like bonds, options and stocks.

Contrarian Capital Management LLC administers all of the firm's client assets on a discretionary basis. Discretionary management is a structure in which a portfolio manager has the discretion to make transaction judgments for the client's account without needing client approval. The advisory firm's typical account size is $165.7 million. The typical advisor at Contrarian Capital Management LLC manages around one client account, making it one of the most personalized firms in the country.

The firm's central office is located at 411 West Putnam Avenue, Suite 425, Greenwich, Connecticut 6830. The company is allowed to serve customers in the state of Connecticut.

Assets Under Management

$4.6 billion

Number of Advisors

25

Disclosures

No

Office Location

411 West Putnam Avenue, Suite 425
Greenwich, CT 06830

Contrarian Capital Management LLC by the Numbers

Total Assets Under Management

$4.6 billion

National Average: $8.6 billion
Total Number of Employees

49

National Average: 64
Total Number of Accounts

28

National Average: 375,227
Average Account Size

$165.7 million

National Average: $23.0 thousand
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Fee Structure

Fees charged by financial advisors typically are based on which service is offered. Fee types billed by the company may include the following fee types: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the company.

Available

  • Offered by 69% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 26% of firms

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

Unavailable

  • Find one of the 21% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 1% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 0% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 32% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Find one of the 10% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

Contrarian Capital Management LLC provides services to pooled investment vehicles and corporations. Out of its 28 clients, Contrarian Capital Management LLC's largest client by number of accounts is pooled investment vehicles. About 39% of the company's clients are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 0%
  • Corporations - 100%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Contrarian Capital Management LLC does not have any disclosures.

Please visit its Form ADV for more details.

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