Washington Square Capital Management LLC (New York)


Washington Square Capital Management LLC is a mid-sized advisory firm based in New York. It manages $60.02 million of regulatory assets for 126 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of California, Connecticut, New York, and Texas.

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

Washington Square Capital Management: assets under management

The assets under management (AUM) of Washington Square Capital Management LLC is $60.02 million. The firm's AUM has grown by 236% since the beginning of its operation, and $56.69 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $51.23 million in discretionary accounts and $8.79 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $478.77 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $462.77 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 55% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 18% of the firm’s portfolio. Investments in investment and business development companies form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Washington Square Capital Management LLC for their services and products based on a percentage of assets under management 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 Washington Square Capital Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Washington Square Capital Management is high net worth individuals with 9 clients and $50.75 million of assets under management. Among the 0 most similar advisory firms, Washington Square Capital Management has the 0th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $60.02 million for 56 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 3% of the firm’s clients are foreign persons or businesses.

Washington Square Capital Management doesn't advise any private funds.

Careers at Washington Square Capital Management LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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
Subir Nmn Grewal Managing member and chief compliance officer 1 May 2009 50% - 75% 5135856
Louis Elliot Berger Managing member 1 May 2009 50% - 75% 5265166
Subir Grewal Principal and chief compliance officer 1 May 2009 50% - 75% 5135856

Based in New York

The principal office where Washington Square Capital Management LLC performs its advisory services is located at 261 Madison Ave, New York, NY 10016, 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 646-450-9772 or by fax 929-244-0256. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at wsqcapital.com and its LinkedIn profile.