Advocate Capital Management, LLC
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Overview
Advocate Capital Management, LLC is a financial advisor company headquartered in New York, New York. The company has $31.0 million in assets throughout two client accounts. The company has a small team, including 3 financial advisors. Advocate Capital Management, LLC does not act as a registered broker-dealer, meaning the advisor cannot buy and sell securities for its own accounts as well as its customers' and instead must go through a broker-dealer company to do so. Securities are exchangable fiscal assets like stocks, bonds and options.
Advocate Capital Management, LLC administers one of the company's accounts on a discretionary basis. Discretionary management means that an investment advisor has the discretion to make transaction choices without requiring client consent. Advocate Capital Management, LLC also administers one non-discretionary accounts totaling $850,607 in AUM. The company oversees roughly $15.5 million in assets for each account. The typical financial advisor at Advocate Capital Management, LLC oversees fewer than one client account, placing it among the most personalized financial advisor firms in the country.
Advocate Capital Management, LLC's main office is located at 499 Park Ave., New York, New York 10022.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Advocate Capital Management, LLC by the Numbers
$31.0 million
5
2
$15.5 million
Fee Structure
Financial advisory fees vary depending on which services the firm provides the client. Fee types billed by the firm most likely consist of some blend of the following fee structures: asset-based or fixed. The company does not participate in a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 32% of firms
Fixed
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
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
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
It provides services to investment companies. Out of its two clients, Advocate Capital Management, LLC's largest client group is investment companies. Around 50% of its clients are 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
Advocate Capital Management, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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