Permit Capital, LLC

CRD#138436
Investment Advisor Firm

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Overview

Permit Capital, LLC is an advisory firm headquartered in Conshohocken, Pennsylvania. The firm handles $382.3 million in total assets across six customer accounts, making it one of the larger financial advisory firms in the country by assets under management (AUM). The firm has a small team of four employees, including one financial advisor. Permit Capital, LLC does not act as a registered broker-dealer, meaning it is not able to buy and sell securities for its clients' and own accounts and instead has to go through a broker-dealer company to do so. Securities are exchangable financial assets like bonds, options and equities.

Permit Capital, LLC manages all of the firm's client assets on a discretionary basis. Discretionary management means that buy and sell decisions for the client's account are made by an investment advisor without requiring client approval. The company's average account size is $63.7 million. An average advisor at Permit Capital, LLC manages about six client accounts, placing it among the more individualized financial advisor firms in the country.

Permit Capital, LLC's headquarters is at 100 Front Street, Conshohocken, Pennsylvania 19428. The firm is legally permitted to provide services to clients in the state of Pennsylvania.

Assets Under Management

$382.3 million

Number of Advisors

1

Fee Structure

Asset-based, Performance-based

Disclosures

No

Office Location

100 Front Street
Conshohocken, PA 19428

Permit Capital, LLC by the Numbers

Total Assets Under Management

$382.3 million

National Average: $3.3 billion
Total Number of Employees

4

National Average: 4,943
Total Number of Accounts

6

National Average: 2,522
Average Account Size

$63.7 million

National Average: $1.3 million

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Products and Services

Services that Permit Capital, LLC provides can include portfolio management for pooled investment vehicles and selection of other advisers. The firm is engaged in selling products or offering services other than investment advisory services to its clients.

Core Advisor Services

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    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

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    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Offered by 23% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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    Publication of Periodicals

    This is the publication of various financial education materials.

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    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Fees for financial advice depend on which services are provided. However, fee types charged by the firm may include some blend of the following fee types: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the firm.

Available

  • Offered by 75% 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 17% 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

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    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 3% of firms that offer this fee type

    Commissions

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    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.

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    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.

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    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.

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    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 works with pooled investment vehicles. Out of its six accounts, Permit Capital, LLC's biggest client type is pooled investment vehicles. None of the firm's customers 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

Permit Capital, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA