First Trust Capital Management L.P
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Overview
First Trust Capital Management L.P operates as a financial advisor firm that has its headquarters in Chicago, Illinois. First Trust Capital Management L.P has $5.2 billion in total assets over 51 customer accounts, placing it among the largest firms in the country by assets under management (AUM). It has a small team, including 15 financial advisors. First Trust Capital Management L.P does not act as a registered broker-dealer, meaning it is not able to buy and sell securities for its accounts and those of its customers and instead is required to go through a broker-dealer company to do so. Securities are exchangable fiscal investments such as bonds, equities and options.
First Trust Capital Management L.P manages the majority of its accounts on a discretionary basis. Discretionary management signifies that a portfolio manager has the discretion to make buy and sell judgments without needing to seek client authorization. The company also administers one non-discretionary accounts with a total of $111.1 million in assets. The company oversees an average of $102.4 million for every customer account. The typical financial advisor at First Trust Capital Management L.P administers around three client accounts, making it one of the most individualized firms in the country.
First Trust Capital Management L.P's central office is located at 225 W. Wacker Drive, Chicago, Illinois 60606. The company is legally registered to serve clients throughout a number of states, including Colorado, Illinois and Indiana.
Assets Under Management
Number of Advisors
Disclosures
Office Location
First Trust Capital Management L.P by the Numbers
$5.2 billion
31
51
$102.4 million
Products and Services
First Trust Capital Management L.P offers multiple services, which can include portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients and selection of other advisers. It is involved in selling products or offering services aside from investment advice to its clients. The company is also affiliated with a number of other companies in the financial services industry, including with a broker-dealer or securities dealer and commodity pool advisor.
Core Advisor Services
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Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
A financial advisor's fees largely depend on which service is offered. Fees billed by First Trust Capital Management L.P likely consist of the following fee structures: asset-based, fixed or performance-based. The company does not participate in a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 26% of firms
Performance-based
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
It provides services to investment companies and pooled investment vehicles. Out of its 51 accounts, First Trust Capital Management L.P's largest client type is investment companies. None of the company's accounts reside abroad.
- 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
First Trust Capital Management L.P does not have any disclosures.
Please visit its Form ADV for more details.
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