Krusen Capital Management, LLC (New York)

Name: Krusen Capital Management, LLC
Address: 320 Park Avenue, 18 Th Floor, New York, NY, 10022
Telephone: 212-823-0809

Krusen Capital Management, LLC is a large advisory firm based in New York. It manages $169.47 million of regulatory assets for 84 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Florida and New York.

Krusen Capital Management provides portfolio management for individuals and small businesses, 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.

Krusen Capital Management: assets under management

The assets under management (AUM) of Krusen Capital Management, LLC is $169.47 million. The firm's AUM has grown by 452% since the beginning of its operation, and $30.87 million of the total AUM is attributable to clients outside of the United States.

The firm manages $62.14 million in discretionary accounts and $107.33 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $20.71 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.33 million.

Krusen Capital Management has custody of $61.35 million in cash and securities for 121 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 99% of the total AUM. The second-largest asset type is exchange traded securities, which make up 1% of the firm’s portfolio.

Fees & Commissions

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

The firm provides services to insurance companies, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Krusen Capital Management is high net worth individuals with 61 clients and $70.85 million of assets under management. Among the 11 most similar advisory firms, Krusen Capital Management has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $169.47 million for 84 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.

Krusen Capital Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $100,000 for each fund.

Careers at Krusen Capital Management, LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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
Charles Beaubien Krusen	Chief executive officer, chief compliance officer	1 Nov 2008	75% - 100%	2272656
Steven Olson	Chief compliance officer	1 Nov 2008	Other	2912464
Wenli Yang	Chief compliance officer	1 Oct 2016	Other	6719941

Based in New York

The principal office where Krusen Capital Management, LLC performs its advisory services is located at 320 Park Avenue, 18 Th Floor, 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 212-823-0809 or by fax 646-490-2275. The normal business hours are 9 am - 6 pm on Monday - Friday. You can find more information about the New York firm at krusencapital.com.