Sky ALPha Asset Advisors LLC (Boca Raton)

Sky ALPha Asset Advisors LLC is a large advisory firm based in Boca Raton. It manages $228.32 million of regulatory assets for 306 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida and New York.

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

Sky ALPha Asset Advisors: assets under management

The assets under management (AUM) of Sky ALPha Asset Advisors LLC is $228.32 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -6% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $228.32 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $746.13 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 24% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 21% of the firm’s portfolio. Investments in derivatives form 20% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sky ALPha Asset Advisors LLC for their services and products based on a percentage of assets under management, hourly charges, and performance-based fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Sky ALPha Asset Advisors serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Sky ALPha Asset Advisors is high net worth individuals with 110 clients and $213.21 million of assets under management. Among the 7 most similar advisory firms, Sky ALPha Asset Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $228.32 million for 128 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.

Sky ALPha Asset Advisors also advises several private funds.

Careers at Sky ALPha Asset Advisors LLC

The company employs 7 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 5 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
Michael Jay Shatsky	Managing member	1 Jul 2018	75% - 100%	2430683
Alex Lee	Member/chief compliance officer	1 Jul 2018	Other	5513235
Sky 2 Llc	Managing member	1 Aug 2018	75% - 100%	83-1770704

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Carali Llc	Owner	1 Aug 2018	75% - 100%	83-1784466
Maddox Capital Llc	Owner	1 Aug 2018	Other	83-1784368
Alex Lee	Manager	1 Aug 2018	75% - 100%	5513235
Michael Jay Shatsky	Manager	1 Aug 2018	75% - 100%	2430683

Based in Boca Raton

The principal office where Sky ALPha Asset Advisors LLC performs its advisory services is located at 327 Plaza Real, Boca Raton, FL 33432, 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 561-410-7790. The normal business hours are 8:00am-5:00pm on Monday - Friday.