Solamere Capital, LLC is a large advisory firm based in Boston. It manages $2.23 billion of regulatory assets for 16 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Massachusetts and New York.
Solamere Capital provides portfolio management for pooled investment vehicles and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Solamere Capital, LLC is $2.23 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 858% since the beginning of its operation, and $16.93 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Solamere Capital, 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.
The only and largest group of clients of Solamere Capital is pooled investment vehicles with 16 clients and $2.23 billion of assets under management. Among the 8 most similar advisory firms, Solamere Capital has the 2nd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $2.23 billion for 16 clients. 1% of the firm’s clients are foreign persons or businesses.
Solamere Capital also advises several private funds. Namely, sixteen private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $10,000,000.
The company employs 7 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 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.
The principal office where Solamere Capital, LLC performs its advisory services is located at 137 Newbury Street, Boston, MA 02116, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 857-362-9200 or by fax 781-915-0746. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at solameregroup.com.