Capital Formation Advisers LLC (Pelham)

Capital Formation Advisers LLC is a mid-sized advisory firm based in Pelham. It manages $50.65 million of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Connecticut and Hawaii.

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

Capital Formation Advisers: assets under management

The assets under management (AUM) of Capital Formation Advisers LLC is $50.65 million. The firm's AUM has grown by 39% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $32.48 million in discretionary accounts and $18.17 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $5.41 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.63 million.

Investments

The firm invests in exchange traded securities the most. They account for 88% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 7% of the firm’s portfolio. Investments in pooled investment vehicles form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Capital Formation Advisers LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Capital Formation Advisers serves?

The firm provides services to high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Capital Formation Advisers is high net worth individuals with 8 clients and $41.46 million of assets under management. Among the 4 most similar advisory firms, Capital Formation Advisers has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $42.61 million for 10 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.

Capital Formation Advisers doesn't advise any private funds.

Careers at Capital Formation Advisers LLC

The company employs 1 person that is either a part- or full-time employee. 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
Carl W Stursberg	Manager	1 May 1997	50% - 75%	4376545
Richard C Veith	Manager/chief compliance officer	1 May 1997	50% - 75%	4376520

Based in Pelham

The principal office where Capital Formation Advisers LLC performs its advisory services is located at 15 Second Street East, Pelham, NY 10803 1905 The mailing address of the firm is 155 Nyac Avenue, Pelham, NY 10803. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-922-1127. The normal business hours are 9am to 6pm on Monday - Friday.