Lafitte Capital Management LP (Austin)

Lafitte Capital Management LP is a large advisory firm based in Austin. It manages $286.95 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of Texas.

Lafitte 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.

Lafitte Capital Management: assets under management

The assets under management (AUM) of Lafitte Capital Management LP is $286.95 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 943% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $286.95 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $143.47 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lafitte Capital Management LP for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Lafitte Capital Management serves?

The only and largest group of clients of Lafitte Capital Management is pooled investment vehicles with 2 clients and $286.95 million of assets under management. Among the 6 most similar advisory firms, Lafitte Capital Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $286.95 million for 2 clients. None of the firm’s clients are foreign persons or businesses.

Lafitte Capital Management also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons ranges from $0 to $500,000.

Careers at Lafitte Capital Management LP

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Llc Lafitte Capital	General partner	1 Mar 2005	Other	20-2558043
Bryant Jude Regan	Sole limited partner	1 Mar 2005	75% - 100%	2427804
Melaney Katherine Dobbs	Chief compliance officer	1 Mar 2005	Other	3034621
David Donald Emmel	Chief compliance officer	1 May 2014	Other	6334518
Kristen Layne Bolduc	Chief compliance officer	1 May 2016	Other	6651648

Based in Austin

The principal office where Lafitte Capital Management LP performs its advisory services is located at 701 Brazos Street, Austin, TX 78701, 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 512.478.1271 or by fax 512.478.1529. The normal business hours are 8:30am-4:00pm on Monday - Friday.