Passive Capital Management, LLC

CRD#142870
Investment Advisor Firm

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Overview

Passive Capital Management, LLC is an advisory company located in Syracuse, New York. The company oversees $827.6 million in assets throughout 750 customer accounts, making it one of the larger firms in the country by assets under management (AUM). Passive Capital Management, LLC has a small group, including 7 financial advisors. Passive Capital Management, LLC does not act as a registered broker-dealer, signifying that it is not able to buy and sell securities for its clients' and own accounts and instead must go through a broker-dealer firm to do so. Securities are exchangable fiscal assets like stocks, options and bonds.

Passive Capital Management, LLC administers most of the company's accounts in a discretionary manner. Discretionary management is a structure in which buy and sell decisions are made by an investment advisor without requiring client permission. It also manages two non-discretionary accounts totaling $16.8 million in assets under management. The investment advisory firm supervises an average of $1.1 million for each client account. The average financial advisor at Passive Capital Management, LLC administers about 107 client accounts.

The company's central office is at Salina Place, 205 S. Salina Street, Syracuse, New York 13202. Passive Capital Management, LLC is permitted to provide services to customers throughout a few states, including District of Columbia, Florida, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Texas and Virginia.

Assets Under Management

$827.6 million

Number of Advisors

7

Disclosures

No

Office Location

Salina Place, 205 S. Salina Street
Syracuse, NY 13202

Passive Capital Management, LLC by the Numbers

Total Assets Under Management

$827.6 million

National Average: $9.0 billion
Total Number of Employees

7

National Average: 71,771
Total Number of Accounts

750

National Average: 4,329
Average Account Size

$1.1 million

National Average: $2.1 million

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Fee Structure

Financial management fees largely depend on which services the firm provides the client. Fee types billed by the firm typically consist of the following fee structures: asset-based. The firm does not participate in a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.

Available

  • Offered by 70% 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.

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 26% of firms that offer this fee type

    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.

  • 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 33% 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.

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Types of Clients

It works with retail investors, high net worth investors, charitable organizations and corporations. Out of its 750 customers, Passive Capital Management, LLC's biggest client group is retail investors, though it also serves 94 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its clients are from outside of the U.S.

  • High-Net-Worth Individuals* - 27.17%
  • Other Individuals - 67.92%
  • Corporations - 2.02%
  • Charitable Organizations - 2.89%

* 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

Passive Capital Management, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Passive Capital Management, LLC

Daniel Strine
Lutherville Timonium, MD
Jacob Asplundh
Lutherville Timonium, MD
Jeffrey Fountain
Lutherville Timonium, MD
David Trossman
Lutherville Timonium, MD
Margaret Boblitz
Lutherville Timonium, MD
Scott Reinhardt
Syracuse, NY
Jonathan Farber
Perryville, MD
Anders Eliasson
Lutherville Timonium, MD

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The content in this profile was updated by SmartAsset on 04/01/2022 using publicly available data compiled from the SEC and FINRA. To report any data inconsistencies or errors, please contact profile-compliance@smartasset.com.

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