Offit Capital Advisors LLC is a large advisory firm based in New York. It manages $11.64 billion of regulatory assets for 406 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of California, Connecticut, Delaware, and 8 other states.
Offit Capital Advisors provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, 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 Offit Capital Advisors LLC is $11.64 billion. The firm's AUM has grown by 130% since the beginning of its operation, and $1.18 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Offit Capital Advisors LLC for their services and products based on a percentage of assets under management and fixed 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 firm provides services to charitable organizations, high net worth individuals, and pooled investment vehicles. The largest group of clients of Offit Capital Advisors is high net worth individuals with 151 clients and $8.04 billion of assets under management. Among the 11 most similar advisory firms, Offit Capital Advisors has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $11.57 billion for 220 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 10% of the firm’s clients are foreign persons or businesses.
Offit Capital Advisors also advises several private funds. Namely, thirteen hedge funds, one real estate fund, and twenty two private equity funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.
The company employs 46 people that are either part- or full-time employees. 83 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.
Todd Eugene Petzel has served as the Chief Investment Officer since 1 Jul 2007. Marc Lewis Baum joined the executive team most recently as the Chief Compliance Officer.
The principal office where Offit Capital Advisors LLC performs its advisory services is located at 485 Lexington Avenue, New York, NY 10017, which is also the mailing address of the firm. An additional office of the firm is in Greenwich, CT. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-588-3240 or by fax 212-292-2126. The normal business hours are 8:30 a.m. to 5:30 p.m. on Monday - Friday. You can find more information about the New York firm at offitcapital.com.