Rex Capital Advisors, LLC (Providence)

Rex Capital Advisors, LLC is a large advisory firm based in Providence. It manages $812.11 million of regulatory assets for 784 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdiction of Rhode Island.

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

Rex Capital Advisors: assets under management

The assets under management (AUM) of Rex Capital Advisors, LLC is $812.11 million. The firm's AUM has grown by 580% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $676.24 million in discretionary accounts and $135.87 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $964.68 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.64 million.

Investments

The firm invests in pooled investment vehicles the most. They account for 28% of the total AUM. The second-largest asset type is investment and business development companies, which make up 24% of the firm’s portfolio. Investments in non-exchange traded securities form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Rex Capital Advisors, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Rex Capital Advisors serves?

The only and largest group of clients of Rex Capital Advisors is high net worth individuals with 12 clients and $672.83 million of assets under management. Among the 10 most similar advisory firms, Rex Capital Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $672.83 million for 12 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.

Rex Capital Advisors also advises several private funds. Namely, two private equity funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $1,000,000.

Careers at Rex Capital Advisors, LLC

The company employs 10 people that are either part- or full-time employees. 70 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Arthur Xavier Duffy	Ceo, managing member, class a shares	1 Sep 2002	50% - 75%	4604318
David Paul Mixer	Member, class a shares	1 Sep 2002	Other	2585896
Matthew Andrew Thibault	Member, class a shares	1 Sep 2002	Other	4604319
Heather Deering Crosby	Member, class b shares	1 Sep 2002	Other	2888750
Richard Patrick Diegnan	Principal, chief financial officer, chief compliance officer	1 Jan 2007	Other	5397976
Fred J Kleisner	Principal, managing director of investor relations	1 Jan 2007	25% - 50%	5398950
David J Schelhorn	Principal, managing director of investment strategies	1 Jan 2007	25% - 50%	5398951
Jonathan R Kleisner	Principal, managing director of investment strategies	1 Jan 2007	25% - 50%	5398949
Fred John Kleisner	Member, principal, managing director of investor relations	1 Jan 2007	25% - 50%	5398950
David James Schelhorn	Member, principal, managing director of investment strategies	1 Jan 2007	25% - 50%	5398951
Jonathan Royal Kleisner	Member, principal, managing director of investment strategies	1 Jan 2007	25% - 50%	5398949
Michael Christopher Chase	Chief operating officer, chief compliance officer, member, class a shares	1 Mar 2007	Other	5310311
Timothy Patrick Devlin	Portfolio manager, member, class a shares	1 Jan 2017	Other	2950660

Based in Providence

The principal office where Rex Capital Advisors, LLC performs its advisory services is located at 50 Park Row West, Providence, RI 02903, 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 401-383-5370 or by fax 401-383-5380. The normal business hours are 8:30 a.m.- 5:30 p.m. on Monday - Friday.