Whitetip Capital LLC is a large advisory firm based in Richmond. It manages $267 million of regulatory assets for 20 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdiction of Texas.
Whitetip Capital provides portfolio management for individuals and small businesses and sub adviser services. 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 Whitetip Capital LLC is $267 million, all of which is managed in discretionary accounts. $117 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay Whitetip Capital LLC for their services and products based on a percentage of assets under management. 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.
The firm provides services to individuals, other investment advisers, high net worth individuals, and pooled investment vehicles. The largest group of clients of Whitetip Capital is other investment advisers with 4 clients and $118 million of assets under management. Among the 13 most similar advisory firms, Whitetip Capital has the highest percentage of other investment advisers out of all clients.
The amount of regulatory assets under management is $267 million for 24 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Whitetip Capital also advises several private funds.
The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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 Whitetip Capital LLC performs its advisory services is located at 1707 Wyndale Ct, Richmond, TX 77406, 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 (281) 674-4059 or by fax N/A. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at kensingtonwealthllc.com.