Fairholme Capital Management, L.L.C
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Overview
Fairholme Capital Management, L.L.C is a financial advisor firm based in Miami, Florida. It manages $1.6 billion in assets under management throughout 105 client accounts, making it one of the largest investment advisory firms in the country by assets under management (AUM). The company has a small group, including 3 financial advisors. Fairholme Capital Management, L.L.C does not act as a registered broker-dealer, signifying that the company is not able to buy and sell securities for its own accounts as well as its customers' and instead must go through a broker-dealer company to do so. Securities are exchangable financial assets such as stocks, options and bonds.
Fairholme Capital Management, L.L.C oversees all of the firm's client assets in a discretionary manner. Discretionary management means that an investment advisor has the discretion to make transaction judgments for the client's account without needing the customer's permission. The advisory firm manages roughly $15.6 million for each client account. The typical financial advisor at Fairholme Capital Management, L.L.C administers around 35 client accounts, placing it towards the middle in terms of personalization.
Fairholme Capital Management, L.L.C's headquarters is located at 5966 South Dixie Highway, Miami, Florida 33143. The company is legally allowed to serve investors throughout 4 states, including Florida, Maine, Massachusetts and New Jersey.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Fairholme Capital Management, L.L.C by the Numbers
$1.6 billion
9
105
$15.6 million
Fee Structure
Financial management fees usually depend on which services are offered. However, fees billed by Fairholme Capital Management, L.L.C typically consist of the following fee structure: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Fairholme Capital Management, L.L.C.
Available
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Offered by 69% of firms
Percentage of Assets
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The firm manages money for a number of different customers. It works with retail investors, high net worth investors, investment companies, pension plans, charitable organizations and corporations. Out of its 105 accounts, Fairholme Capital Management, L.L.C's biggest client type is high net worth investors, but it also serves 64 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). Around 50% of the firm's customers are non-U.S. persons.
- High-Net-Worth Individuals* - 60.95%
- Other Individuals - 9.52%
- Corporations - 26.67%
- Charitable Organizations - 2.86%
* 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
Fairholme Capital Management, L.L.C does not have any disclosures.
Please visit its Form ADV for more details.
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