Ucap Asset Management LLC (New York)

Ucap Asset Management LLC is a mid-sized advisory firm based in New York. It manages $91.07 million of regulatory assets for 130 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California, Delaware, Florida, and 4 other states.

Ucap Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and institutional asset allocation advisory 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.

Ucap Asset Management: assets under management

The assets under management (AUM) of Ucap Asset Management LLC is $91.07 million. The firm's AUM has gone down by -28% since the beginning of its operation, and $75.8 million of the total AUM is attributable to clients outside of the United States.

The firm manages $73.51 million in discretionary accounts and $17.56 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $668.3 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $877.78 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 23% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 22% of the firm’s portfolio. Investments in investment and business development companies form 19% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Ucap Asset Management LLC for their services and products based on a percentage of assets under management. 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 Ucap Asset Management serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Ucap Asset Management is corporations or other businesses with 23 clients and $41.48 million of assets under management. Among the 5 most similar advisory firms, Ucap Asset Management has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $91.07 million for 91 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 72% of the firm’s clients are foreign persons or businesses.

Ucap Asset Management doesn't advise any private funds.

Careers at Ucap Asset Management LLC

The company employs 11 people that are either part- or full-time employees. 45 percent of the employees work as investment advisers or researchers. 3 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
Jack Lawrence Rubin	Managing member and cco	1 Feb 2014	50% - 75%	2464252
Lawrence Damon Howell	Member	1 Mar 2014	50% - 75%	1344288
Ucap Holdings (Usa) Llc	Sole member/owner	1 Mar 2015	75% - 100%	47-1796153
Union Capital Group Usa Llc	Sole member/owner	1 Mar 2015	75% - 100%	47-1796153
Ucap Holdings (Usa) Llc) Union Capital Group Usa Llc (Former Name	Sole member/owner	1 Mar 2015	75% - 100%	47-1796153
Antoine Lacourt	Chief compliance officer	1 Jan 2016	Other	6600890
Luis Alfonso Marino	Ceo	1 Jun 2016	Other	1426723
David Allan Wasitowski	Cco	1 Mar 2017	Other	4187976

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Lawrence Damon Howell	Owner	1 Mar 2015	75% - 100%	1344288

Based in New York

The principal office where Ucap Asset Management LLC performs its advisory services is located at 275 Madison Avenue, New York, NY 10016, which is also the mailing address of the firm. An additional office of the firm is in Miami, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 646-809-3600. The normal business hours are 9:00-5:00 on Monday - Friday.