New Capital Management, LP is a large advisory firm based in Houston. It manages $312 million of regulatory assets for 87 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdiction of Texas.
New Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, publication of newsletters, and life planning services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of New Capital Management, LP is $312 million. The firm's AUM has grown by 524% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay New Capital Management, LP for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of New Capital Management is high net worth individuals with 47 clients and $265.95 million of assets under management. Among the 9 most similar advisory firms, New Capital Management has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $312 million for 87 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.
New Capital Management doesn't advise any private funds.
The company employs 3 people that are either part- or full-time employees. 33 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 New Capital Management, LP performs its advisory services is located at 4119 Montrose Blvd, Houston, TX 77006, 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 800-724-9866 or by fax 888-220-8580. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at newcapitalmgmt.com.