Shah Capital Management, Inc (Raleigh)

Name: Shah Capital Management, Inc
Address: 8601 Six Forks Road, Raleigh, NC, 27615
Telephone: 919-719-6360

Shah Capital Management, Inc is a large advisory firm based in Raleigh. It manages $281.52 million of regulatory assets for 110 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of California, Florida, New York, and 4 other states.

Shah Capital Management 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.

Shah Capital Management: assets under management

The assets under management (AUM) of Shah Capital Management, Inc is $281.52 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 187% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $281.52 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.56 million each.

Shah Capital Management has custody of $241.17 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 77% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 23% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Shah Capital Management, Inc for their services and products based on a percentage of assets under management and performance-based fees. 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 Himanshu Harshad Shah serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Himanshu Harshad Shah is pooled investment vehicles with 1 clients and $241.17 million of assets under management. Among the 8 most similar advisory firms, Shah Capital Management has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $274.56 million for 60 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.

Shah Capital Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Shah Capital Management, Inc

The company employs 7 people that are either part- or full-time employees. 14 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.

Himanshu Harshad Shah has been acting as President since 1 Jan 2005. Chaya Rao joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Himanshu Harshad Shah	President	1 Jan 2005	75% - 100%	2121411
Chaya Rao	Chief compliance officer	1 Oct 2007	Other	5486956

Based in Raleigh

The principal office where Shah Capital Management, Inc performs its advisory services is located at 8601 Six Forks Road, Raleigh, NC 27615, 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 919-719-6360 or by fax 919-719-6370. The normal business hours are 9:00 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at shahcapital.com.