Nexwave Capital Partners LLC (New York)

Nexwave Capital Partners LLC is a large advisory firm based in New York. It manages $874.54 million of regulatory assets for 53 client accounts. It has been registered with the SEC as an adviser since 2015.

Nexwave Capital Partners provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Nexwave Capital Partners: assets under management

The assets under management (AUM) of Nexwave Capital Partners LLC is $874.54 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 28% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $874.54 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $16.5 million each.

Nexwave Capital Partners has custody of $74.67 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in government bonds the most. They account for 62% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 18% of the firm’s portfolio. Investments in exchange traded securities form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Nexwave Capital Partners LLC 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 Nexwave Capital Partners serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Nexwave Capital Partners is high net worth individuals with 14 clients and $571.99 million of assets under management. Among the 8 most similar advisory firms, Nexwave Capital Partners has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $646.65 million for 15 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.

Nexwave Capital Partners also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Nexwave Capital Partners LLC

The company employs 8 people that are either part- or full-time employees. 25 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
Michael Abely Sullivan	Executive vice president & chief investment officer	1 Jan 2014	Other	4305759
Daniel Russell Tishman	Member, executive vice president	1 Jan 2014	50% - 75%	6500287
John Anthony Vissicchio	Member, president	1 Jan 2014	50% - 75%	6500292
Gary Nmn Buscemi	Chief compliance officer, executive vice president & secretary	1 Jan 2014	Other	6511605
Nexwave Management Llc	Non-member manager	1 Jun 2015	Other	47-4294731
Angela Jude Derose	Chief compliance officer	1 Nov 2016	Other	4225431
Charles Song	Executive vice president and chief investment officer	1 Mar 2018	Other	2932734

Based in New York

The principal office where Nexwave Capital Partners LLC performs its advisory services is located at 100 Park Avenue, New York, NY 10017 5502, 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 212-376-6663 or by fax 646-861-1021. The normal business hours are 9 am - 5 pm on Monday - Friday.