Guardsman Private Capital Management, Inc. (Sarasota)

Name: Guardsman Private Capital Management, Inc.
Address: 1221 S. Tamiami Trail, Sarasota, FL, 34239
Telephone: 941-349-9200

Guardsman Private Capital Management, Inc. is a large advisory firm based in Sarasota. It manages $126.55 million of regulatory assets for 21 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of Florida.

Guardsman Private Capital Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Guardsman Private Capital Management: assets under management

The assets under management (AUM) of Guardsman Private Capital Management, Inc. is $126.55 million. The firm's AUM has grown by 15% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $54.32 million in discretionary accounts and $72.22 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.02 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $24.07 million.

Guardsman Private Capital Management has custody of $35.67 million in cash and securities for 12 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 95% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Guardsman Private Capital Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, 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 Guardsman Private Capital Management serves?

The firm provides services to high net worth individuals and corporations or other businesses. The largest group of clients of Guardsman Private Capital Management is high net worth individuals with 10 clients and $89.17 million of assets under management. Among the 11 most similar advisory firms, Guardsman Private Capital Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $125.35 million for 16 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.

Guardsman Private Capital Management doesn't advise any private funds.

Careers at Guardsman Private Capital Management, Inc.

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Jeffrey R Mccurdy	President; chief compliance officer	1 May 2014	75% - 100%	5610559

Based in Sarasota

The principal office where Guardsman Private Capital Management, Inc. performs its advisory services is located at 1221 S. Tamiami Trail, Sarasota, FL 34239, 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 941-349-9200 or by fax 941-866-7569. The normal business hours are 9:00 - 5:00 on Other. You can find more information about the New York firm at guardsmanwms.com.