Conrad Capital Management, Inc. (Islandia)

Name: Conrad Capital Management, Inc.
Address: 1377 Motor Parkway, Islandia, NY, 11749
Telephone: 631-439-7878

Conrad Capital Management, Inc. is a mid-sized advisory firm based in Islandia. It manages $80.54 million of regulatory assets for 728 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, New Jersey, and New York.

Conrad Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Conrad Capital Management: assets under management

The assets under management (AUM) of Conrad Capital Management, Inc. is $80.54 million. The firm's AUM has grown by 101% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $52.18 million in discretionary accounts and $28.36 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $77.87 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $489.02 thousand.

Conrad Capital Management has custody of $3.72 million in cash and securities for 31 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 41% of the total AUM. The second-largest asset type is other assets, which make up 20% of the firm’s portfolio. Investments in pooled investment vehicles form 17% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Conrad Capital Management is individuals with 149 clients and $26.95 million of assets under management. Among the 2 most similar advisory firms, Conrad Capital Management has the lowest percentage of individuals out of all clients.

The amount of regulatory assets under management is $80.54 million for 170 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.

Conrad Capital Management also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Conrad Capital Management, Inc.

The company employs 4 people that are either part- or full-time employees. 75 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
Donald Edward Conrad	President, director, chief compliance officer	1 Nov 1997	75% - 100%	732579
Hammid Firoozeh	Chief operating officer	1 Mar 2007	Other	4902092
Naudio Nathaniel Feliz	Vice president - international client division	1 Dec 2007	Other	1758486
Jared J Cutler	Vice president - investments & wealth management	1 Jul 2010	Other	3253743

Based in Islandia

The principal office where Conrad Capital Management, Inc. performs its advisory services is located at 1377 Motor Parkway, Islandia, NY 11749, 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 631-439-7878 or by fax 631-439-7879. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at conradcapital.com/.