Palm Drive Capital LLC
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Learn more about Palm Drive Capital LLC
Overview
Palm Drive Capital LLC is a financial advisory firm that has its headquarters in New York, New York. The company oversees $420.4 million in assets under management over 24 customer accounts, placing it among the larger financial advisory firms in the United States by assets under management (AUM). It has a small team, including 6 financial advisors. Palm Drive Capital LLC does not act as a registered broker-dealer, meaning the advisor is not able to buy and sell securities for its customers' and own accounts and instead is required to go through a broker-dealer company to do so. Securities are exchangable financial assets such as equities, options and bonds.
Palm Drive Capital LLC manages all of the company's client assets on a discretionary basis. Discretionary management means that a portfolio manager makes transaction judgments without requiring client permission. The firm's typical account size is $17.5 million. The typical financial advisor at Palm Drive Capital LLC administers around four client accounts, making it one of the most individualized advisor firms in the country.
The firm's headquarters is at 54 West, 21St St, Suite 807, New York, New York 10010. The company is legally permitted to provide services to investors in the state of New York.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Palm Drive Capital LLC by the Numbers
$420.4 million
8
24
$17.5 million
Fee Structure
Fees for financial advice largely are based on the type of services offered. Fees billed by the company most likely consist of the following fee structures: asset-based, fixed or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the company.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
-
Offered by 32% of firms
Fixed
Unavailable
Types of Clients
The company caters to pooled investment vehicles. Out of its 24 accounts, Palm Drive Capital LLC's biggest client by number of accounts is pooled investment vehicles. Around 17% of its 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
Palm Drive Capital LLC does not have any disclosures.
Please visit its Form ADV for more details.
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