Citymark Capital Management Company LLC

CRD#291405
Investment Advisor Firm

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Learn more about Citymark Capital Management Company LLC

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

    • Overview

    Citymark Capital Management Company LLC is a financial advisor firm based in Cleveland, Ohio. Citymark Capital Management Company LLC oversees $446.1 million in total assets throughout two customer accounts, making it one of the larger firms in the United States by assets under management (AUM). It has a small group, including 11 financial advisors. Citymark Capital Management Company LLC is not a registered broker-dealer, signifying that the company cannot buy and sell securities for its customers' and own accounts and instead must go through a broker-dealer firm to do so. Securities are exchangable fiscal assets such as options, stocks and bonds.

    Citymark Capital Management Company LLC manages all of the company's accounts on a discretionary basis. Discretionary management signifies that buy and sell decisions are made by a portfolio manager without requiring client permission. The advisory firm's average account size is $223.1 million. The average advisor at Citymark Capital Management Company LLC administers fewer than one client account, making it one of the most individualized advisor firms in the country.

    Citymark Capital Management Company LLC's central office is located at 1375 E 9Th St Ste 2880, Cleveland, Ohio 44114. The company is legally allowed to provide services to clients in the state of Ohio.

    Assets Under Management

    $446.1 million

    Number of Advisors

    11

    Disclosures

    No

    Office Location

    1375 E 9Th St Ste 2880
    Cleveland, OH 44114

    Citymark Capital Management Company LLC by the Numbers

    Total Assets Under Management

    $446.1 million

    National Average: $8.6 billion
    Total Number of Employees

    11

    National Average: 64
    Total Number of Accounts

    2

    National Average: 375,227
    Average Account Size

    $223.1 million

    National Average: $23.0 thousand
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    Fee Structure

    Financial advisory fees largely are based on which services the firm provides the client. Fee types charged by Citymark Capital Management Company LLC likely consist of the following fee structures: asset-based or performance-based. Citymark Capital Management Company LLC does not participate in a wrap fee program, in which the firm offers a service bundle for a single fee.

    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.

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    Types of Clients

    The firm provides services to pooled investment vehicles. Out of its two accounts, Citymark Capital Management Company LLC's largest client group is pooled investment vehicles. None of its accounts are represented by non-U.S. persons.

    • 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

    Citymark Capital Management Company LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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