Latus Capital, LLC (Mechanicsburg)

Latus Capital, LLC is a large advisory firm based in Mechanicsburg. It manages $653 million of regulatory assets for 36 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of New Jersey, New York, and Pennsylvania.

Latus Capital provides portfolio management for individuals and small businesses, portfolio management for investment companies, and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Latus Capital: assets under management

The assets under management (AUM) of Latus Capital, LLC is $653 million. The firm's AUM has grown by 1714% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $83 million in discretionary accounts and $570 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.44 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $285 million.

Latus Capital has custody of $32.5 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Latus Capital, 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.

Careers at Latus Capital, LLC

Michael E. Salerno has been acting as President since 1 Oct 2004. L.P. Qfs Asset Management joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael E. Salerno	President	1 Oct 2004	75% - 100%	4358255
Michael E. Salerno	Chief compliance officer	1 Nov 2004	75% - 100%	4358255
Michael E. Salerno	Managing director	1 Dec 2009	Other	4358255
Llc Latus Capital Ii	Member	1 Dec 2009	75% - 100%	27-1648620
Stephen M. Van Besien	Managing director	1 Dec 2009	Other	4677510
Karlheinz Muhr	Managing director	1 Dec 2009	Other	1411779
L.P. Qfs Asset Management	Member	1 Apr 2011	75% - 100%	138330
Karlheinz Muhr	Chief executive officer	1 Apr 2011	Other	1411779

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Qfs Asset Management	General partner	1 Mar 1995	Other	23-2736855
Sanford Grossman	Shareholder	1 Mar 1995	75% - 100%	2060970
Llc Maroon Investments	Limited partner	1 Dec 2010	25% - 50%	36-2177139
The University Of Chicago	Member	1 Jan 2011	75% - 100%	36-2177139

Based in Mechanicsburg

The principal office where Latus Capital, LLC performs its advisory services is located at 1100 Bent Creek Blvd., Mechanicsburg, PA 17050, 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 717-795-1077 or by fax 717-795-6105. The normal business hours are 9-5 on Monday - Friday.