Passive Capital Management, LLC is a large advisory firm based in Syracuse. It manages $530 million of regulatory assets for 305 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of District of Columbia, Florida, Maryland, and 6 other states.
Passive Capital Management provides portfolio management for individuals and small businesses 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.
The assets under management (AUM) of Passive Capital Management, LLC is $530 million. The firm's AUM has grown by 1133% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Passive Capital Management, 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, charitable organizations, and high net worth individuals. The largest group of clients of Passive Capital Management is high net worth individuals with 106 clients and $336 million of assets under management. Among the 7 most similar advisory firms, Passive Capital Management has the 2nd lowest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $511 million for 300 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.
Passive Capital Management doesn't advise any private funds.
The company employs 7 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 6 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 Passive Capital Management, LLC performs its advisory services is located at Salina Place, 205 S. Salina Street, Syracuse, NY 13202, which is also the mailing address of the firm. An additional office of the firm is in Lutherville, MD. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 315-478-3130 or by fax 315-478-3148. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at passivecapital.com and its LinkedIn profile.