Turk Capital LLC (Summit)


Turk Capital LLC is an adviser based in Summit. It manages $250 thousand of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of New Jersey.

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

Turk Capital: assets under management

The assets under management (AUM) of Turk Capital LLC is $250 thousand, all of which is managed in discretionary accounts. The firm's AUM has gone down by -98% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $250 thousand in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $62.5 thousand each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Turk Capital 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.

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Charles Nmn Biderman Chairman 1 Jul 2014 25% - 50% 722888

Based in Summit

The principal office where Turk Capital LLC performs its advisory services is located at 47 Maple Street, Suite L 12, Summit, NJ 07901, 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 908-598-2130. The normal business hours are 9 am to 5 pm on Monday - Friday. You can find more information about the New York firm at turkcapllc.com.