Milepost Capital Management, LLC (New York)

Name: Milepost Capital Management, LLC
Address: 19 East 54 Th Street, New York, NY, 10022
Telephone: 212-441-3130

Milepost Capital Management, LLC is a large advisory firm based in New York. It manages $170 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of New York.

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

Milepost Capital Management: assets under management

The assets under management (AUM) of Milepost Capital Management, LLC is $170 million. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $26.5 million in discretionary accounts and $143.5 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $26.5 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $47.83 million.

Milepost Capital Management has custody of $26.5 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 75% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 25% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Milepost Capital Management, LLC 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 Milepost Capital Management serves?

The firm provides services to pooled investment vehicles and banking or thrift institutions. The largest group of clients of Milepost Capital Management is banking or thrift institutions with 3 clients and $143.5 million of assets under management. Among the 9 most similar advisory firms, Milepost Capital Management has the highest percentage of banking or thrift institutions out of all clients.

The amount of regulatory assets under management is $170 million for 4 clients. None of the firm’s clients are foreign persons or businesses.

Milepost Capital Management 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 Milepost Capital Management, LLC

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people 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
Steven Wayne Abrahams	Managing member, chief executive officer & chief compliance officer	1 Feb 2016	25% - 50%	2195897
Charles Brian Egnatz	Managing member & chief investment officer	1 Feb 2016	25% - 50%	1529024
Michael Lahoud	Senior risk officer	1 Feb 2016	Other	6620329
Interaudi Bank	Owner	1 May 2016	Other	133-14-84340

Based in New York

The principal office where Milepost Capital Management, LLC performs its advisory services is located at 19 East 54 Th Street, New York, NY 10022, 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 212-441-3130. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at milepostcm.com.