Courage Capital Management, LLC is a large advisory firm based in Nashville. It manages $683.82 million of regulatory assets for 10 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of California and Tennessee.
Courage Capital Management provides portfolio management for pooled investment vehicles and portfolio management for charitable organizations. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Courage Capital Management, LLC is $683.82 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -1% since the beginning of its operation, and $430.35 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Courage Capital Management, LLC for their services and products based on a percentage of assets under management and performance-based 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.
The only and largest group of clients of Frank Mcmurry Garrison is pooled investment vehicles with 9 clients and $683.14 million of assets under management. Among the 7 most similar advisory firms, Courage Capital Management has the 2nd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $683.14 million for 9 clients. 40% of the firm’s clients are foreign persons or businesses.
Courage Capital Management also advises several private funds. Namely, four hedge funds and two private equity funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $2,000,000.
The company employs 13 people that are either part- or full-time employees. 69 percent of the employees work as investment advisers or researchers. No 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.
Frank Mcmurry Garrison has been acting as President since 1 Feb 2006. Thomas Gordon Milne joined the executive team most recently as the President & Chief Risk Officer.
The principal office where Courage Capital Management, LLC performs its advisory services is located at 4400 Harding Road, Suite 503, Nashville, TN 37205, which is also the mailing address of the firm. An additional office of the firm is in Westlake Village, CA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 615-369-0110 or by fax 615-298-7529. The normal business hours are 8:00 a.m to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at couragecap.com (password protected).