Condor Capital Management (Martinsville)

Name: Condor Capital Management
Address: 1973 Washington Valley Road, Martinsville, NJ, 08836 2053
Telephone: 732-356-7323

Condor Capital Management is a large advisory firm based in Martinsville. It manages $960.68 million of regulatory assets for 2,768 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 12 other states.

Condor Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Condor Capital Management: assets under management

The assets under management (AUM) of Condor Capital Management is $960.68 million. The firm's AUM has grown by 109% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $856.63 million in discretionary accounts and $104.04 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $414.23 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $148.63 thousand.

Condor Capital Management has custody of $638.85 million in cash and securities for 675 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 58% of the total AUM. The second-largest asset type is investment and business development companies, which make up 28% of the firm’s portfolio. Investments in state and local bonds form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Condor Capital Management for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Kenneth P Schapiro serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Kenneth P Schapiro is high net worth individuals with 268 clients and $760.94 million of assets under management. Among the 8 most similar advisory firms, Condor Capital Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $901.34 million for 725 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.

Condor Capital Management doesn't advise any private funds.

Careers at Condor Capital Management

The company employs 16 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 9 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Kenneth P Schapiro has been acting as President since 1 Aug 1988. Michael Robert Walliser joined the executive team most recently as the Vice President And Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kenneth Paul Schapiro	President & director	1 Aug 1988	50% - 75%	1890303
Kenneth P Schapiro	President	1 Aug 1988	75% - 100%	1890303
Stephen Tipping	Vice-president, treasurer & sectretary	1 Jul 1997	Other	2978163
Stephen David Tipping	Vice-president, treasurer, sectretary and chief compliance officer	1 Jul 1997	Other	2978163
Kenneth P. Schapiro Irrevocable Trust	Trust	1 Jun 1999	Other	22-6804176
Arthur Michael Gross	Vice-president, chief information officer	1 May 2000	Other	4345745
Thomas Dominick Giachetti	Director	1 Jan 2001	Other	1502515
William Joseph Lynch	Director	1 Jan 2001	Other	1060714
Tbg Insurance Services Corporation	Shareholder	1 Jan 2001	Other	95-3899000
Condor Capital Management Employee Stock Option Plan	Shareholder	1 Nov 2009	Other	27-1282670
Michael Robert Walliser	Vice president and chief compliance officer	1 Sep 2013	Other	6129588

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
The Kenneth P. Schapiro Irrevocable Trust	Shareholder	1 Jun 1999	Other	22-6804176
Marc Schapiro	Trustee	1 Jun 1999	Other	4348151

Based in Martinsville

The principal office where Condor Capital Management performs its advisory services is located at 1973 Washington Valley Road, Martinsville, NJ 08836 2053, which is also the mailing address of the firm. An additional office of the firm is in Denver, CO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 732-356-7323 or by fax 732-356-5875. The normal business hours are m-th 8:30am - 5:30pm on Other. You can find more information about the New York firm at condorcapital.com.