Modal Capital LP (New York)

Name: Modal Capital LP
Address: 100 Church St, New York, NY, 10007
Telephone: 646-692-4700

Modal Capital LP is a large advisory firm based in New York. It manages $129.78 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of New York.

Modal Capital provides portfolio management for individuals and small businesses 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.

Modal Capital: assets under management

The assets under management (AUM) of Modal Capital LP is $129.78 million, all of which is managed in discretionary accounts. $99.56 million of the total AUM is attributable to clients outside of the United States.

The firm manages $129.78 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $64.89 million each.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Modal Capital LP 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.

What kind of clients Modal Capital serves?

The only and largest group of clients of Modal Capital is pooled investment vehicles with 1 clients and $30.22 million of assets under management. Among the 8 most similar advisory firms, Modal Capital has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $30.22 million for 1 clients. 50% of the firm’s clients are foreign persons or businesses.

Modal Capital also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Modal Capital LP

The company employs 2 people that are either part- or full-time employees. 100 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Amit Gupta	Founding partner/cco	1 Oct 2017	75% - 100%	4873456
Inc. Modal Capital Advisors	General partner	1 Oct 2017	Other	47-1444054

Based in New York

The principal office where Modal Capital LP performs its advisory services is located at 100 Church St, New York, NY 10007, 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 646-692-4700. 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 linkedin.com/in/amit-gupta-793a256b/.