Absolute Capital Management, LLC

CRD#121484
Investment Advisor Firm

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Overview

Absolute Capital Management, LLC is a financial advisor company located in Pittsburgh, Pennsylvania. The firm controls $257.5 million in assets over 1,691 client accounts, making it a mid-tier firm in the country by assets under management (AUM). It has a small team, including 2 financial advisors. Absolute Capital Management, LLC does not act as a registered broker-dealer, meaning the company is not able to buy and sell securities for its accounts and those of its clients and instead is required to go through a broker-dealer company to do so. Securities are tradable fiscal investments such as options, bonds and stocks.

Absolute Capital Management, LLC oversees 1,626 of the firm's client assets in a discretionary manner. Discretionary management means that buy and sell decisions are made by a portfolio manager without requiring the client's permission. Absolute Capital Management, LLC also administers 65 non-discretionary accounts totaling $3.8 million in assets. Absolute Capital Management, LLC supervises an average of $152,254 for each account. The average financial advisor at Absolute Capital Management, LLC administers around 846 client accounts.

The firm's headquarters is located at 101 Pennsylvania Blvd, Pittsburgh, Pennsylvania 15228. The firm is legally registered to provide services to investors throughout 36 U.S. states and territories.

Assets Under Management

$257.5 million

Number of Advisors

2

Disclosures

No

Office Location

101 Pennsylvania Blvd
Pittsburgh, PA 15228

Absolute Capital Management, LLC by the Numbers

Total Assets Under Management

$257.5 million

National Average: $8.6 billion
Total Number of Employees

11

National Average: 64
Total Number of Accounts

1,691

National Average: 375,227
Average Account Size

$152.3 thousand

National Average: $23.0 thousand
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Fee Structure

Financial advisory fees usually are based on the type of services provided. However, fees billed by the firm typically consist of the following fee structure: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are provided by Absolute Capital Management, LLC.

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.

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 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 caters to retail investors, high net worth investors and investment companies. Out of its 1,691 customers, Absolute Capital Management, LLC's largest client group by number of accounts is retail investors, though it also manages money for 34 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is deemed 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* - 2.49%
  • Other Individuals - 97.36%
  • Corporations - 0.15%
  • 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

Absolute Capital Management, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Absolute Capital Management, LLC

Alexander Barned
Ponte Vedra Beach, FL
Iroland Garcia
Boynton Beach, FL
Phillip Gebben
Pittsburgh, PA

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