Aag Capital Markets LLC (Miami)

Name: Aag Capital Markets LLC
Address: 848 Brickell Avenue, Miami, FL, 33131 2946
Telephone: 305-504-8777

Aag Capital Markets LLC is a large advisory firm based in Miami. It manages $889.68 million of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of Florida.

Aag Capital Markets 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.

Aag Capital Markets: assets under management

The assets under management (AUM) of Aag Capital Markets LLC is $889.68 million. The firm's AUM has grown by 889681900% since the beginning of its operation, and $489.68 million of the total AUM is attributable to clients outside of the United States.

The firm manages $702.85 million in discretionary accounts and $186.84 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $234.28 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $23.35 million.

Investments

The firm invests in investment grade corporate bonds the most. They account for 95% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 5% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Aag Capital Markets LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Robert Geoffrey Korn serves?

The firm provides services to insurance companies, pooled investment vehicles, and banking or thrift institutions. The largest group of clients of Robert Geoffrey Korn is insurance companies with 1 clients and $400 million of assets under management. Among the 7 most similar advisory firms, Aag Capital Markets has the highest percentage of insurance companies out of all clients.

The amount of regulatory assets under management is $889.68 million for 11 clients. 91% of the firm’s clients are foreign persons or businesses.

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

Careers at Aag Capital Markets LLC

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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.

Robert Geoffrey Korn has been acting as President since 1 Feb 2013. Jason Avdenko joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Apollo Aviation Holdings Limited	Member	1 Feb 2013	75% - 100%	98-0534448
Robert Geoffrey Korn	President	1 Feb 2013	Other	6246759
William Davis Hoffman	Manager	1 Feb 2013	Other	6246764
Javier Meireles	Treasurer	1 Feb 2013	Other	6246768
Patrice Ekkehardt Robinet	General counsel, secretary and chief compliance officer	1 Feb 2013	Other	6246771
Javier Nmn Meireles	Treasurer	1 Feb 2013	Other	6246768
William Davis Hoffman	Manager, aag aviation advisers llc	1 Jun 2013	Other	6246764
Patrice Ekkehardt Robinet	General counsel and secretary, aag aviation advisers llc	1 Jun 2013	Other	6246771
Robert Geoffrey Korn	President, aag aviation advisers llc	1 Jun 2013	Other	6246759
Apollo Aviation Holdings Limited	Member, aag aviation advisers llc	1 Jun 2013	75% - 100%	98-0534448
Zechariah Clifton Dameron	Chief compliance officer	1 Aug 2016	Other	6694172
Jason Avdenko	Chief compliance officer	1 May 2018	Other	5806961
Jason Alexander Avdenko	Chief compliance officer	1 May 2018	Other	5806961

Indirect Owners

The SEC currently registers 14 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Sciens International Investments & Holdings S.A.	Sole shareholder	1 May 2007	75% - 100%	98-0664620
Sciens International Holdings 2 Ltd.	Sole shareholder	1 Nov 2008	75% - 100%	98-0636392
Robert Geoffrey Korn	Member	1 Dec 2008	50% - 75%	6246759
William Davis Hoffman	Member	1 Dec 2008	50% - 75%	6246764
Llc H&K Investment Holdings	Shareholder	1 Dec 2010	50% - 75%	26-3933241
Sciens International Aviation Holdings Ltd.	Shareholder	1 Dec 2010	50% - 75%	98-0687867
Sciens International Holdings 4 Ltd.	Sole shareholder	1 Dec 2010	75% - 100%	98-0636392
Piraeus Bank S.A.	Shareholder	1 Jun 2011	25% - 50%	foreign entity
Apollo Aviation Holdings Limited	Member	1 Jan 2014	75% - 100%	98-0534448
Llc H&K Investment Holdings Iii	Shareholder	1 Dec 2017	50% - 75%	82-3809227
Llc Yellowknife Bay	Member	1 Dec 2017	50% - 75%	82-3958801
Llc Korn Shares	Member	1 Dec 2017	50% - 75%	82-3958899
Robert Geoffrey Korn	Member	1 Dec 2017	75% - 100%	6246759
William Davis Hoffman	Member	1 Dec 2017	75% - 100%	6246764

Based in Miami

The principal office where Aag Capital Markets LLC performs its advisory services is located at 848 Brickell Avenue, Miami, FL 33131 2946, 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 305-504-8777. The normal business hours are 9 am - 5 pm on Monday - Friday. You can find more information about the New York firm at acap.aero.