Scs Capital Management LLC is a large advisory firm based in Boston. It manages $21.12 billion of regulatory assets for 258 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Alaska, California, Colorado, and 23 other states.
Scs Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Scs Capital Management LLC is $21.12 billion. The firm's AUM has grown by 5643% since the beginning of its operation, and $1.35 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Scs 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.
The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Stephen Mark Oristaglio is high net worth individuals with 156 clients and $11.61 billion of assets under management. Among the 8 most similar advisory firms, Scs Capital Management has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $20.44 billion for 188 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 7% of the firm’s clients are foreign persons or businesses.
Scs Capital Management also advises several private funds. Namely, seven hedge funds, four other private funds, and ten private equity funds. The minimum investment commitment required of non-related persons ranges from $50,000 to $1,000,000.
The company employs 82 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. 11 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.
Stephen Mark Oristaglio has been acting as President since 1 Jan 2011. Rory Leandrew Wilfork joined the executive team most recently as the Managing Director.
The principal office where Scs Capital Management LLC performs its advisory services is located at 888 Boylston Street, Boston, MA 02199, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 617-204-6400 or by fax 617-204-6411. The normal business hours are 8:30 a.m. - 5:30 p.m. on Monday - Friday. You can find more information about the New York firm at scsfinancial.com.