Picea Capital LLC
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Learn more about Picea Capital LLC
Overview
Picea Capital LLC is a financial advisor firm that has its headquarters in New York, New York. Picea Capital LLC oversees $38.3 million in assets across 13 customer accounts. It has a small team, including 2 financial advisors. Picea Capital LLC 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 clients and instead must go through a broker-dealer firm to do so. Securities are defined as exchangable financial assets such as options, stocks and bonds.
Picea Capital LLC manages all of the company's client assets on a discretionary basis. Discretionary management means that a portfolio manager makes transaction choices for the client's account without needing to seek client authorization. The investment advisory firm supervises about $2.9 million in assets for each account. The typical advisor at Picea Capital LLC administers around seven client accounts, placing it among the more individualized firms in the country.
The firm's main office is located at 48 Wall Street, New York, New York 10005. Picea Capital LLC is allowed to provide services to investors in the state of New York.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Picea Capital LLC by the Numbers
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/assets@2x.png)
$38.3 million
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/employees@2x.png)
2
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/accounts@2x.png)
13
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/account-size@2x.png)
$2.9 million
Fee Structure
Financial management fees typically are based on which services are provided. However, fees billed by Picea Capital LLC typically consist of the following fee type: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the firm.
Available
-
Offered by 69% of firms
Percentage of Assets
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 26% of firms that offer this fee type
Performance-based
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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
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The company caters to high net worth investors. Out of its 13 accounts, Picea Capital LLC's largest client group is high net worth investors, although it also manages money for 12 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 in AUM 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 the firm's clients are non-U.S. persons.
- High-Net-Worth Individuals* - 100%
- Other Individuals - 0%
- Corporations - 0%
- 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
Picea Capital LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Picea Capital LLC
New York, NY
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