Pricap Advisors LLC (New York)

Name: Pricap Advisors LLC
Address: 245 Park Ave, New York, NY, 10167
Telephone: 212-372-8927

Pricap Advisors LLC is a mid-sized advisory firm based in New York. It manages $25.59 million of regulatory assets for 19 client accounts. It has been registered with the SEC as an adviser since 2016.

Pricap Advisors provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for pooled investment vehicles. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Pricap Advisors: assets under management

The assets under management (AUM) of Pricap Advisors LLC is $25.59 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -15% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $25.59 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.35 million each.

Investments

The firm invests in exchange traded securities the most. They account for 50% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 20% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Pricap Advisors 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.

What kind of clients Pricap Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Pricap Advisors is high net worth individuals with 10 clients and $16.36 million of assets under management. Among the 2 most similar advisory firms, Pricap Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $25.59 million for 19 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.

Pricap Advisors also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Pricap Advisors LLC

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.

Elisabeth E Ely joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Samuel Ely	Managing member/chief executive officer/chief compliance officer	1 Jan 2009	75% - 100%	2362790
Elisabeth E Ely	Member	1 Apr 2014	Other	6468568

Based in New York

The principal office where Pricap Advisors LLC performs its advisory services is located at 245 Park Ave, New York, NY 10167, 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 212-372-8927 or by fax 212-372-8912. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at pricap.com.