Eidelman Virant Capital (St Louis)

Name: Eidelman Virant Capital
Address: 8000 Maryland Avenue Suite 600, St Louis, MO, 63105
Telephone: 314-727-9686

Eidelman Virant Capital is a large advisory firm based in St Louis. It manages $292.2 million of regulatory assets for 278 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Florida, Illinois, Massachusetts, Missouri, and Texas.

Eidelman Virant Capital provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for pooled investment vehicles. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Eidelman Virant Capital: assets under management

The assets under management (AUM) of Eidelman Virant Capital is $292.2 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 50% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $292.2 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.05 million each.

Eidelman Virant Capital has custody of $75.7 million in cash and securities for 23 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 86% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 8% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 3% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Eidelman Virant Capital 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 David Robert Eidelman serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of David Robert Eidelman is high net worth individuals with 81 clients and $255.67 million of assets under management. Among the 9 most similar advisory firms, Eidelman Virant Capital has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $285.33 million for 112 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Eidelman Virant Capital also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Eidelman Virant Capital

The company employs 8 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 4 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.

David Robert Eidelman has been acting as President since 1 Jun 1985. Matthew Todd Lederman joined the executive team most recently as the Cco.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Robert Eidelman	President	1 Jun 1985	25% - 50%	76385
Robert Eric Bertman	Chief compliance officer	1 Mar 2008	Other	4416652
Thomas Aron Eidelman	Managing director	1 Apr 2008	25% - 50%	3253733
John Andrew Virant	Principal	1 Mar 2010	25% - 50%	455010
Matthew Todd Lederman	Cco	1 Jan 2018	Other	2687358

Based in St Louis

The principal office where Eidelman Virant Capital performs its advisory services is located at 8000 Maryland Avenue Suite 600, St Louis, MO 63105, which is also the mailing address of the firm. An additional office of the firm is in Bartow, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 314-727-9686 or by fax 314-727-0623. The normal business hours are 9:00-5:00 on Monday - Friday. You can find more information about the New York firm at eidelmanvirant.com.