Mudrick Capital

CRD#161012
Investment Advisor Firm

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Learn more about Mudrick Capital

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    Mudrick Capital is a financial advisory company based in New York, New York. Mudrick Capital manages $3.4 billion in total assets throughout 46 client accounts, making it one of the biggest firms in the nation by assets under management (AUM). The company has a small team, including 12 financial advisors. Mudrick Capital does not act as a registered broker-dealer, signifying that it cannot buy and sell securities for its accounts and those of its customers and instead is required to go through a broker-dealer firm to do so. Securities are defined as tradable fiscal assets such as bonds, stocks and options.

    Mudrick Capital manages all of the firm's accounts on a discretionary basis. Discretionary management means that transaction decisions for the client's account are made by a portfolio manager without needing to seek client authorization. The advisory firm oversees roughly $73.8 million in assets for every customer account. The typical advisor at Mudrick Capital oversees around four client accounts, making it one of the most personalized advisor firms in the country.

    The company's central office is at 527 Madison Avenue, New York, New York 10022. The company is legally registered to serve clients throughout a few states, including Delaware and New York.

    Assets Under Management

    $3.4 billion

    Number of Advisors

    12

    Disclosures

    No

    Office Location

    527 Madison Avenue
    New York, NY 10022

    Mudrick Capital by the Numbers

    Total Assets Under Management

    $3.4 billion

    National Average: $8.6 billion
    Total Number of Employees

    32

    National Average: 64
    Total Number of Accounts

    46

    National Average: 375,227
    Average Account Size

    $73.8 million

    National Average: $23.0 thousand
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    Fee Structure

    Financial advisory fees typically are based on the type of financial services provided. Fees charged by Mudrick Capital may include some combination of 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 Mudrick Capital.

    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.

    Back to Overview

    Types of Clients

    Mudrick Capital works with a broad range of clients. It caters to high net worth investors, pooled investment vehicles, charitable organizations, state or municipal government entities and corporations. Out of its 46 customers, Mudrick Capital's largest client type by number of accounts is pooled investment vehicles, though it also caters to nine high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 under management or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Around 43% of its accounts are represented by people from outside of the U.S.

    • High-Net-Worth Individuals* - 19.57%
    • Other Individuals - 0%
    • Corporations - 73.91%
    • Charitable Organizations - 6.52%

    * 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

    Mudrick Capital does not have any disclosures.

    Please visit its Form ADV for more details.

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