L3 Capital Advisors LLC (New York)

L3 Capital Advisors LLC is a large advisory firm based in New York. It manages $170.33 million of regulatory assets for 10 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of New York.

L3 Capital Advisors provides 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.

L3 Capital Advisors: assets under management

The assets under management (AUM) of L3 Capital Advisors LLC is $170.33 million. The company doesn't manage any assets belonging to foreign clients.

L3 Capital Advisors has custody of $170.33 million in cash and securities for 10 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay L3 Capital Advisors 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 L3 Capital Advisors serves?

The only and largest group of clients of L3 Capital Advisors is pooled investment vehicles with 10 clients and $170.33 million of assets under management. Among the 5 most similar advisory firms, L3 Capital Advisors has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $170.33 million for 10 clients. None of the firm’s clients are foreign persons or businesses.

L3 Capital Advisors also advises several private funds. Namely, thirty four private equity funds. The minimum investment commitment required of non-related persons is $100,000 for each fund.

Careers at L3 Capital Advisors LLC

The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard Anthony Cardinale	Managing member	1 Jan 2015	75% - 100%	2420404
Phillip Mckie	Chief compliance officer	1 Mar 2017	Other	6069747

Based in New York

The principal office where L3 Capital Advisors LLC performs its advisory services is located at 75 Wall Street, New York, NY 10005, 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 347-223-7671. The normal business hours are 9am-5pm on Monday - Friday.