Magnus Capital Management, LLC (Naples)

Name: Magnus Capital Management, LLC
Address: 3003 Tamiami Trail North, Naples, FL, 34103
Telephone: 239-262-6300

Magnus Capital Management, LLC is a large advisory firm based in Naples. It manages $278.67 million of regulatory assets for 141 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdiction of Florida.

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

Magnus Capital Management: assets under management

The assets under management (AUM) of Magnus Capital Management, LLC is $278.67 million. The firm's AUM has grown by 829% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $156.25 million in discretionary accounts and $122.42 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.03 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.91 million.

Magnus Capital Management has custody of $35.48 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 44% of the total AUM. The second-largest asset type is exchange traded securities, which make up 25% of the firm’s portfolio. Investments in investment and business development companies form 22% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Magnus Capital Management, LLC for their services and products based on a percentage of assets under management 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 Gary Benjamin Price serves?

The only and largest group of clients of Gary Benjamin Price is high net worth individuals with 9 clients and $273.02 million of assets under management. Among the 11 most similar advisory firms, Magnus Capital Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $273.02 million for 9 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.

Magnus Capital Management doesn't advise any private funds.

Careers at Magnus Capital Management, LLC

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Gary Benjamin Price has been acting as President since 1 Dec 2008. Fifth Avenue Advisors Llc joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Craig William Lyon	Manager/chief compliance officer	1 Aug 2002	75% - 100%	3182798
Fifth Avenue Advisors Llc	Owner	1 Mar 2006	75% - 100%	20-4191890
Fifth Avenue Advisors	Owner	1 Mar 2006	75% - 100%	20-4191890
Gary Benjamin Price	Director	1 Dec 2008	Other	4698358

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Timothy John Cartwright	Dirctor	1 Jan 2006	25% - 50%	4796673

Based in Naples

The principal office where Magnus Capital Management, LLC performs its advisory services is located at 3003 Tamiami Trail North, Naples, FL 34103, 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 239-262-6300 or by fax 239-262-2212. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at magnuscapital.net.