Locust Point Capital
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Overview
Locust Point Capital operates as an advisory firm headquartered in Red Bank, New Jersey. The company has $1.2 billion in assets under management across four client accounts, placing it among the bigger financial advisory firms in the United States by assets under management (AUM). It has a small group, including 20 financial advisors. Locust Point Capital 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 is required to go through a broker-dealer company to do so. Securities are defined as exchangable fiscal assets like equities, options and bonds.
Locust Point Capital administers all of the company's client assets on a discretionary basis. Discretionary management means that buy and sell choices for the client's account are made by a portfolio manager without needing to seek client consent. The investment advisory firm administers an average of $288.5 million for every account. The typical advisor at Locust Point Capital administers fewer than one client account, placing it among the most individualized firms in the country.
The company's main office is located at 141 W Front Street, Suite 415, Red Bank, New Jersey 7701. The company is permitted to serve clients throughout 2 states, including Florida and New Jersey.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Locust Point Capital by the Numbers
$1.2 billion
27
4
$288.5 million
Fee Structure
Fees for financial management usually are based on which services the firm provides the client. However, fee types charged by Locust Point Capital likely include the following fee structures: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by Locust Point Capital.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
-
Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The company provides services to pooled investment vehicles. Out of its four accounts, Locust Point Capital's largest client is pooled investment vehicles. None of the firm's customers 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
Locust Point Capital does not have any disclosures.
Please visit its Form ADV for more details.
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