Addison Capital, Inc. (Philadelphia)

Name: Addison Capital, Inc.
Address: 1845 Walnut St., Philadelphia, PA, 19103
Telephone: 215-563-6919

Addison Capital, Inc. is a large advisory firm based in Philadelphia. It manages $450.45 million of regulatory assets for 446 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Florida, New Hampshire, and 4 other states.

Addison Capital provides portfolio management for individuals and small businesses 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.

Addison Capital: assets under management

The assets under management (AUM) of Addison Capital, Inc. is $450.45 million. The firm's AUM has gone down by -38% since the beginning of its operation, and $610.81 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $206.93 million in discretionary accounts and $243.52 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $467.12 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $81.17 million.

Addison Capital has custody of $49.44 million in cash and securities for 67 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 70% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio. Investments in investment grade corporate bonds form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Addison Capital, Inc. 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 Addison Capital serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Addison Capital is high net worth individuals with 88 clients and $159.92 million of assets under management. Among the 8 most similar advisory firms, Addison Capital has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $196.29 million for 218 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Addison Capital doesn't advise any private funds.

Careers at Addison Capital, Inc.

The company employs 6 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 3 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Alan Church	Ceo	1 Aug 2007	75% - 100%	4936122
Sandra Laster	Chief compliance officer	1 Apr 2009	Other	5762460
Michael James Durette	Executive vice president	1 Sep 2011	Other	4935253

Based in Philadelphia

The principal office where Addison Capital, Inc. performs its advisory services is located at 1845 Walnut St., Philadelphia, PA 19103, which is also the mailing address of the firm. An additional office of the firm is in Yardley, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 215-563-6919 or by fax 215-525-4424. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at addisoncapital.com.