Purkiss Capital Advisors, LLC (Ridgefield)

Name: Purkiss Capital Advisors, LLC
Address: 62 Barry Avenue, Ridgefield, CT, 06877
Telephone: 203-431-5862

Purkiss Capital Advisors, LLC is a large advisory firm based in Ridgefield. It manages $298.3 million of regulatory assets for 181 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of California, Connecticut, Florida, and 7 other states.

Purkiss Capital Advisors provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Purkiss Capital Advisors: assets under management

The assets under management (AUM) of Purkiss Capital Advisors, LLC is $298.3 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 861% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $298.3 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.65 million each.

Purkiss Capital Advisors has custody of $317 thousand in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 34% of the total AUM. The second-largest asset type is state and local bonds, which make up 30% of the firm’s portfolio. Investments in exchange traded securities form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Purkiss Capital Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed 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 Purkiss Capital Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Purkiss Capital Advisors is high net worth individuals with 94 clients and $267.53 million of assets under management. Among the 7 most similar advisory firms, Purkiss Capital Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $298.3 million for 181 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Purkiss Capital Advisors doesn't advise any private funds.

Careers at Purkiss Capital Advisors, LLC

The company employs 4 people that are either part- or full-time employees. 50 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
Richard Allen Purkiss	Managing member / chief compliance officer	1 Mar 2003	75% - 100%	1234195

Based in Ridgefield

The principal office where Purkiss Capital Advisors, LLC performs its advisory services is located at 62 Barry Avenue, Ridgefield, CT 06877 The mailing address of the firm is 62 Barry Avenue, Ridgefield, CT 06877. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 203-431-5862 or by fax 203-431-5865. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at pcapadvisors.com.