Advocate Capital Management, LLC (New York)

Name: Advocate Capital Management, LLC
Address: 499 Park Ave., New York, NY, 10022
Telephone: 212 705 8517

Advocate Capital Management, LLC is a mid-sized advisory firm based in New York. It manages $55.87 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2018.

Advocate Capital Management provides portfolio management for pooled investment vehicles 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.

Advocate Capital Management: assets under management

The assets under management (AUM) of Advocate Capital Management, LLC is $55.87 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 30% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $55.87 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $13.97 million each.

Investments

The firm invests in cash and cash equivalents the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Advocate Capital Management, LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based 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 Advocate Capital Management serves?

The only and largest group of clients of Advocate Capital Management is pooled investment vehicles with 3 clients and $19.36 million of assets under management. Among the 3 most similar advisory firms, Advocate Capital Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $19.36 million for 3 clients. 75% of the firm’s clients are foreign persons or businesses.

Advocate Capital Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Advocate Capital Management, LLC

The company employs 4 people that are either part- or full-time employees. 75 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.

Fishing Lane Llc joined the executive team most recently as the Managing Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Scott Yuan Peng	Chief executive officer	1 May 2016	50% - 75%	2230224
Richard Michael Shea	Cco/coo/cfo	1 May 2016	Other	1910231
Macro Management Holding Llc	Member	1 May 2016	25% - 50%	30-0959883

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
The San Marco 2012 Trust	Managing member	1 Nov 2016	50% - 75%	foreign entity
Fishing Lane Llc	Managing member	1 Dec 2016	75% - 100%	46-4045633
Fishing Line Llc	Managing member	1 Dec 2016	75% - 100%	46-4045633

Based in New York

The principal office where Advocate Capital Management, LLC performs its advisory services is located at 499 Park Ave., New York, NY 10022, 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 212 705 8517. The normal business hours are 8am-5pm on Monday - Friday. You can find more information about the New York firm at advocatecapmgt.com/home.htm.