Philosmith Capital Corporation

CRD#162082
Investment Advisor Firm

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Overview

Philosmith Capital Corporation operates as a financial advisory company located in Stamford, Connecticut. It controls $202.0 million in total assets over 12 customer accounts, making it a mid-tier firm in the nation by assets under management (AUM). The company has a small team of six employees, five of whom are financial advisors. Philosmith Capital Corporation is not a registered broker-dealer, signifying that it is not able to buy and sell securities for its accounts and those of its clients and instead must go through a broker-dealer company to do so. Securities are tradable financial investments such as options, bonds and equities.

Philosmith Capital Corporation administers the majority of the firm's accounts on a discretionary basis. Discretionary management is a structure in which an investment advisor makes transaction choices for the client's account without needing to seek the customer's permission. The firm also manages two non-discretionary accounts with a total of $159.0 million in assets under management. The firm's typical account size is $16.8 million. The typical financial advisor at Philosmith Capital Corporation manages about two client accounts, placing it among the most individualized financial advisor firms in the country.

Philosmith Capital Corporation's central office is located at Six Landmark Square, Stamford, Connecticut 6901. Philosmith Capital Corporation is legally allowed to provide services to customers in the state of Connecticut.

Assets Under Management

$202.0 million

Number of Advisors

5

Disclosures

No

Office Location

Six Landmark Square
Stamford, CT 06901

Philosmith Capital Corporation by the Numbers

Total Assets Under Management

$202.0 million

National Average: $3.7 billion
Total Number of Employees

6

National Average: 29
Total Number of Accounts

12

National Average: 2,073
Average Account Size

$16.8 million

National Average: $1.8 million

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Fee Structure

Fees for financial management typically depend on which services the firm provides the client. Fee types billed by Philosmith Capital Corporation can include the following fee structures: asset-based or performance-based. Philosmith Capital Corporation does not supply a wrap fee program, in which the firm offers a bundle of services for a single fee.

Available

  • Offered by 74% 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 17% 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 35% 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 2% 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 1% 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 40% 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 12% 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

The firm works with investment companies and pooled investment vehicles. Out of its 12 clients, Philosmith Capital Corporation's biggest client type is investment companies. Just 3% of the company's clients are non-U.S. persons.

  • 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

Philosmith Capital Corporation does not have any disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA