Skytop Capital Management LLC (Rutherford)

Skytop Capital Management LLC is a large advisory firm based in Rutherford. It manages $186.11 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2010.

Skytop 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.

Skytop Capital Management: assets under management

The assets under management (AUM) of Skytop Capital Management LLC is $186.11 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 16% since the beginning of its operation, and $13.35 million of the total AUM is attributable to clients outside of the United States.

The firm manages $186.11 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $46.53 million each.

Skytop Capital Management has custody of $186.11 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Skytop 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 Skytop Capital Management serves?

The only and largest group of clients of Skytop Capital Management is pooled investment vehicles with 4 clients and $186.11 million of assets under management. Among the 10 most similar advisory firms, Skytop Capital Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $186.11 million for 4 clients. 50% of the firm’s clients are foreign persons or businesses.

Skytop Capital Management also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Skytop Capital Management LLC

The company employs 5 people that are either part- or full-time employees. 80 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
Dan Sobol	Managing partner and portfolio manager	1 Aug 2010	Other	5840843
Lisa Wolfson Hess	Managing partner and president	1 Aug 2010	Other	861873
Skytop Group Llc	Member	1 Aug 2010	50% - 75%	32-0317142
Lp Wolfson Investment Partners	Member	1 Aug 2010	25% - 50%	51-0377931
Millbrook Group Llc	Member	1 Mar 2011	25% - 50%	45-1021376
Justin Adam Wallentin	Chief financial officer and chief compliance officer	1 Dec 2013	Other	6313259

Indirect Owners

The SEC currently registers 9 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Lisa Wolfson Hess	Limited partner	1 Oct 1996	25% - 50%	861873
Elaine Wolfson Irrv Tr	Limited partner	1 Dec 1996	25% - 50%	26-6830353
Lisa Wolfson Hess	Trustee	1 Dec 1996	25% - 50%	861873
Paul Wolfson	Trustee	1 Dec 1996	25% - 50%	5842882
Sobol Grandchildren's 2010 Trust	Member	1 Aug 2010	50% - 75%	27-6657015
Tom Steinberg	Trustee	1 Aug 2010	50% - 75%	5847018
Lisa Wolfson Hess	Managing member	1 Mar 2011	Other	861873
Dan Sobol	Managing member	1 Mar 2011	Other	5840843
Millbrook Holdings Trust	Member	1 Mar 2011	75% - 100%	27-6657015

Based in Rutherford

The principal office where Skytop Capital Management LLC performs its advisory services is located at 301 Route 17 North, Rutherford, NJ 07070, 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 212-554-2383 or by fax 646-514-5990. The normal business hours are 9:00 a.m.-5:00 p.m. on Monday - Friday.