Princeton Capital Management LLC (Red Bank)

Name: Princeton Capital Management LLC
Address: 151 Bodman Place, Red Bank, NJ, 07701 1074
Telephone: 201-332-9800

Princeton Capital Management LLC is a large advisory firm based in Red Bank. It manages $193.05 million of regulatory assets for 343 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Alabama, California, Florida, and 8 other states.

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

Princeton Capital Management: assets under management

The assets under management (AUM) of Princeton Capital Management LLC is $193.05 million. The firm's AUM has grown by 16% since the beginning of its operation, and $1.41 million of the total AUM is attributable to clients outside of the United States.

The firm manages $189.57 million in discretionary accounts and $3.48 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $555.92 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.74 million.

Princeton Capital Management has custody of $3.89 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 84% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 8% of the firm’s portfolio. Investments in investment and business development companies form 4% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Princeton Capital Management 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 Alfred Rives Berkeley serves?

The firm provides services to individuals, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Alfred Rives Berkeley is high net worth individuals with 126 clients and $152.47 million of assets under management. Among the 14 most similar advisory firms, Princeton Capital Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $182.2 million for 211 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.

Princeton Capital Management 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 Princeton Capital Management LLC

The company employs 7 people that are either part- or full-time employees. 86 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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 receive compensation from other entities for client referrals.

Alfred Rives Berkeley has been acting as President since 1 Sep 2017. Princeton Capital Management Inc joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Cajigal	Chief executive officer andchief compliance officer	1 Jun 2001	25% - 50%	1451611
Princeton Capital Management Inc	Member	1 Sep 2017	50% - 75%	105263
Alfred Rives Berkeley	Chairman	1 Sep 2017	Other	19441
Reginald Hugh A Fitzpatrick	President	1 Sep 2017	Other	849483
Karen F Keeler	Chief administration officer	1 Sep 2017	Other	4823722

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Reginald Hugh A Fitzpatrick	President,director	1 Dec 2006	25% - 50%	849483
Alfred Rives Berkeley	Chairman, director	1 Jan 2013	25% - 50%	19441

Based in Red Bank

The principal office where Princeton Capital Management LLC performs its advisory services is located at 151 Bodman Place, Red Bank, NJ 07701 1074, which is also the mailing address of the firm. An additional office of the firm is in Princeton, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 201-332-9800 or by fax 201-332-9898. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at hudsoncanyon.net.