Loom Capital Management LLC is a large advisory firm based in New York. It manages $343.62 million of regulatory assets for 15 client accounts. It has been registered with the SEC as an adviser since 2015.
Loom Capital Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and non-discretionary investment consultancy services to a private pooled investment vehicle. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Loom Capital Management LLC is $343.62 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 21% since the beginning of its operation, and $305.1 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Loom Capital Management LLC 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.
The firm provides services to high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Loom Capital Management is corporations or other businesses with 4 clients and $256.13 million of assets under management. Among the 10 most similar advisory firms, Loom Capital Management has the highest percentage of corporations or other businesses out of all clients.
The amount of regulatory assets under management is $343.62 million for 14 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 47% of the firm’s clients are foreign persons or businesses.
Loom Capital Management also advises several private funds. Namely, five other private funds. The minimum investment commitment required of non-related persons is $500,000 for each fund.
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.
The principal office where Loom Capital Management LLC performs its advisory services is located at 110 Greene Street, New York, NY 10012, 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 646-870-8973. The normal business hours are 9am - 5pm on Monday - Friday.