Las Olas Capital Advisors, LLC (Fort Lauderdale)

Las Olas Capital Advisors, LLC is a large advisory firm based in Fort Lauderdale. It manages $176.71 million of regulatory assets for 119 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Florida, New York, and Texas.

Las Olas Capital Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and investment banking advice and non-transactional advice. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Las Olas Capital Advisors: assets under management

The assets under management (AUM) of Las Olas Capital Advisors, LLC is $176.71 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 186% since the beginning of its operation, and $348.9 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $176.71 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.48 million each.

Las Olas Capital Advisors has custody of $25.19 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in state and local bonds the most. They account for 31% 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 investment and business development companies form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Las Olas 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.

What kind of clients Las Olas Capital Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Las Olas Capital Advisors is high net worth individuals with 32 clients and $93.61 million of assets under management. Among the 11 most similar advisory firms, Las Olas Capital Advisors has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $176.71 million for 45 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Las Olas Capital Advisors also advises several private funds. Namely, two real estate funds and one private equity fund. The minimum investment commitment required of non-related persons ranges from $25,000 to $250,000.

Careers at Las Olas Capital Advisors, LLC

The company employs 8 people that are either part- or full-time employees. 63 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.

Raymond Nicholas Catone joined the executive team most recently as the Chief Operating Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Darian Johnson	Chief executive officer	1 Dec 2014	Other	6930037
Pamela Jean Stross	Chief financial officer	1 Dec 2014	Other	6523559
Llc Truclarity Holdings	Member	1 Jun 2015	50% - 75%	37-1778625
Pamela J. Stross	Chief compliance officer	1 Jun 2015	Other	6523559
Tch Ii Llc	Member	1 Jun 2015	50% - 75%	81-2789082
Llc Doris Investments	Member	1 Aug 2015	25% - 50%	47-3363368
James C Ball	Chief compliance officer	1 Aug 2015	Other	4434124
Merissa Ann Davis	Chief compliance officer	1 Jan 2016	Other	2888074
Paul Corkin Tanner	President, cco, cio	1 Jan 2017	Other	1147061
Raymond Nicholas Catone	Chief operating officer	1 Feb 2017	Other	2259396

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Julie V. Fanelli	Trustee	1 Sep 2012	50% - 75%	6523543
Julie Vieson Fanelli	Trustee	1 Sep 2012	Other	6523543
Sembler Family Provision Fund Generation Skipping Trust	Owner	1 Jun 2015	50% - 75%	30-6332354
Jodi Paris Jeffreys	Managing member	1 Aug 2015	50% - 75%	1790657
Paul Corkin Tanner	Manging member	1 Aug 2015	50% - 75%	1147061
Jodi Paris Jeffreys Tanner	Managing member	1 Aug 2015	75% - 100%	1790657

Based in Fort Lauderdale

The principal office where Las Olas Capital Advisors, LLC performs its advisory services is located at 888 East Las Olas Blvd, Fort Lauderdale, FL 33301, 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 954-289-4686 or by fax 954-286-4690. The normal business hours are 8:30am - 5:00pm on Monday - Friday.