Palo Capital, Inc. (Newport Beach)

Name: Palo Capital, Inc.
Address: 888 San Clemente Drive, Newport Beach, CA, 92660
Telephone: 949-715-2126

Palo Capital, Inc. is a large advisory firm based in Newport Beach. It manages $341.43 million of regulatory assets for 475 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of California and Texas.

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

Palo Capital: assets under management

The assets under management (AUM) of Palo Capital, Inc. is $341.43 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 733% since the beginning of its operation, and $3.69 million of the total AUM is attributable to clients outside of the United States.

The firm manages $341.43 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $718.81 thousand each.

Palo Capital has custody of $10.53 million in cash and securities for 11 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 71% of the total AUM. The second-largest asset type is investment and business development companies, which make up 22% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Palo Capital, Inc. for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Kevin Francis O'grady serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Kevin Francis O'grady is high net worth individuals with 164 clients and $315.04 million of assets under management. Among the 11 most similar advisory firms, Palo Capital has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $333.01 million for 208 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Palo Capital doesn't advise any private funds.

Careers at Palo Capital, Inc.

The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 4 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Kevin Francis O'grady has been acting as President since 1 Aug 2005. Puneet Singh Sahi joined the executive team most recently as the Co Chief Investment Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kevin Francis O'grady	President	1 Aug 2005	50% - 75%	5013458
2005 O'grady Webster Trust Dated May 2	Shareholder	1 Aug 2005	50% - 75%	56-4703472
Derek Allen Webster	Shareholder	1 Aug 2005	25% - 50%	5011889
Nella Allen Webster	Principal	1 Dec 2005	25% - 50%	1894552
Michael John Cannivet	Shareholder	1 Jan 2014	Other	5125159
Michelle Marie Brown	Chief compliance officer	1 Mar 2014	Other	6318331
Kevin Patrick Barlow	Managing director	1 Apr 2015	Other	5487051
Puneet Singh Sahi	Co-chief investment officer	1 Jan 2017	Other	2943456

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Nella Allen Webster	Trustee	1 Aug 2005	Other	1894552

Based in Newport Beach

The principal office where Palo Capital, Inc. performs its advisory services is located at 888 San Clemente Drive, Newport Beach, CA 92660, 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 949-715-2126 or by fax 877-722-2383. The normal business hours are 8:00am-4:00pm pst on Monday - Friday. You can find more information about the New York firm at palocapital.com.