Raffles Capital Management, LLC (New York)

Name: Raffles Capital Management, LLC
Address: One Penn Plaza, New York, NY, 10119
Telephone: 212-760-2322

Raffles Capital Management, LLC is a large advisory firm based in New York. It manages $151.68 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2012.

Raffles Capital Management provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Raffles Capital Management: assets under management

The assets under management (AUM) of Raffles Capital Management, LLC is $151.68 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -33% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $151.68 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $151.68 million each.

Raffles Capital Management has custody of $117.82 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Raffles Capital Management, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Raffles Capital Management serves?

The only and largest group of clients of Raffles Capital Management is pooled investment vehicles with 1 clients and $151.68 million of assets under management. Among the 12 most similar advisory firms, Raffles Capital Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $151.68 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Raffles Capital Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Raffles Capital Management, LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Paul H. O'leary	Managing member	1 Sep 1996	75% - 100%	6027893
James D. O'leary	Chief compliance officer	1 Oct 2001	Other	6027923

Based in New York

The principal office where Raffles Capital Management, LLC performs its advisory services is located at One Penn Plaza, New York, NY 10119, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-760-2322 or by fax 212-760-2324. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at raffleslp.com.