Basswood Capital Management, L.L.C. is a large advisory firm based in New York. It manages $2.64 billion of regulatory assets for 19 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of New York and Texas.
Basswood Capital Management, L.L.C provides portfolio management for investment companies, 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.
The assets under management (AUM) of Basswood Capital Management, L.L.C. is $2.64 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 30% since the beginning of its operation, and $260.2 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Basswood Capital Management, L.L.C. for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Basswood Capital Management, L.L.C is pooled investment vehicles with 16 clients and $2.35 billion of assets under management. Among the 6 most similar advisory firms, Basswood Capital Management, L.L.C has the 3rd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $2.35 billion for 17 clients. 47% of the firm’s clients are foreign persons or businesses.
Basswood Capital Management, L.L.C also advises several private funds. Namely, seven hedge funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $1,000,000.
The company employs 18 people that are either part- or full-time employees. 61 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.
The principal office where Basswood Capital Management, L.L.C. performs its advisory services is located at 645 Madison Avenue, New York, NY 10022 The mailing address of the firm is 707 Westchester Ave, White Plains, NY 10604. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-521-9500 or by fax 212-521-9501. The normal business hours are 8:00 a.m. - 6:00 p.m. on Monday - Friday. You can find more information about the New York firm at basswoodpartners.com.