1492 Capital Management, LLC
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Overview
1492 Capital Management, LLC is a financial advisory firm based in Milwaukee, Wisconsin. The firm manages $174.9 million in assets over 106 accounts, making it a mid-tier investment advisory firm in the nation by assets under management (AUM). The firm has a small team, including 5 financial advisors. 1492 Capital Management, LLC does not act as a registered broker-dealer, meaning it 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 defined as tradable financial investments such as bonds, options and stocks.
1492 Capital Management, LLC administers all of the firm's client assets on a discretionary basis. Discretionary management signifies that transaction choices for the client's account are made by a portfolio manager without requiring the client's permission. The firm's average account size is $1.6 million. The typical advisor at 1492 Capital Management, LLC administers about 21 client accounts, making it one of the more individualized firms in the country.
1492 Capital Management, LLC's headquarters is at 309 North Water Street, Milwaukee, Wisconsin 53202. It is legally allowed to serve clients across a few states, including Pennsylvania and Wisconsin.
Assets Under Management
Number of Advisors
Disclosures
Office Location
1492 Capital Management, LLC by the Numbers
$174.9 million
5
106
$1.6 million
Fee Structure
Fees for financial management usually are based on the type of services provided. Fee types billed by the company can include the following fee structures: asset-based or other. Wrap fee programs, or the practice of bundling services for a single fee, are offered by 1492 Capital Management, LLC.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 10% of firms
Other
Unavailable
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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
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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
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Find one of the 32% of firms that offer this fee type
Fixed
Types of Clients
1492 Capital Management, LLC provides services to retail investors, high net worth investors, charitable organizations and corporations. Out of its 106 customers, 1492 Capital Management, LLC's biggest client group by number of accounts is high net worth investors, though it also serves 78 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 under management or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers are non-U.S. persons.
- High-Net-Worth Individuals* - 73.58%
- Other Individuals - 12.26%
- Corporations - 4.72%
- Charitable Organizations - 9.43%
* 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
1492 Capital Management, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at 1492 Capital Management, LLC
Milwaukee, WI
Milwaukee, WI
Milwaukee, WI
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