Wynnefield Capital, Inc. (New York)

Name: Wynnefield Capital, Inc.
Address: 450 Seventh Ave, New York, NY, 10123
Telephone: 212-760-0814

Wynnefield Capital, Inc. is a large advisory firm based in New York. It manages $233.34 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2012.

Wynnefield Capital 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.

Wynnefield Capital: assets under management

The assets under management (AUM) of Wynnefield Capital, Inc. is $233.34 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -3% since the beginning of its operation, and $19.94 million of the total AUM is attributable to clients outside of the United States.

The firm manages $233.34 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $58.34 million each.

Wynnefield Capital has custody of $233.34 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 99% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wynnefield Capital, Inc. 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 Nelson Jay Obus serves?

The firm provides services to pooled investment vehicles and pension and profit sharing plans. The largest group of clients of Nelson Jay Obus is pooled investment vehicles with 3 clients and $225.55 million of assets under management. Among the 10 most similar advisory firms, Wynnefield Capital has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $233.34 million for 4 clients. 25% of the firm’s clients are foreign persons or businesses.

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

Careers at Wynnefield Capital, Inc.

The company employs 8 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.

Nelson Jay Obus has been acting as President since 1 Nov 1992. Frederick Gerald Wasserman joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Nelson Jay Obus	President	1 Nov 1992	50% - 75%	1039098
Joshua Haim Landes	Executive vice president / secretary / treasurer	1 Nov 1992	50% - 75%	1318255
Frederick Gerald Wasserman	Chief compliance officer	1 Feb 2012	Other	6026835

Based in New York

The principal office where Wynnefield Capital, Inc. performs its advisory services is located at 450 Seventh Ave, New York, NY 10123, 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 212-760-0814 or by fax 212-760-0824. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at wynnefieldcapital.com and its LinkedIn profile.