Islay Capital Management, LLC (Lubbock)

Name: Islay Capital Management, LLC
Address: 8001 Quaker Avenue, Lubbock, TX, 79424
Telephone: 806-744-8617

Islay Capital Management, LLC is a large advisory firm based in Lubbock. It manages $176.49 million of regulatory assets for 310 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdiction of Texas.

Islay Capital Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and consulting. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Islay Capital Management: assets under management

The assets under management (AUM) of Islay Capital Management, LLC is $176.49 million. The firm's AUM has grown by 181% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $174.74 million in discretionary accounts and $1.75 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $565.51 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.75 million.

Investments

The firm invests in exchange traded securities the most. They account for 34% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 20% of the firm’s portfolio. Investments in investment and business development companies form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Islay Capital Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and performance-based fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Islay Capital Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Islay Capital Management is high net worth individuals with 32 clients and $97.97 million of assets under management. Among the 9 most similar advisory firms, Islay Capital Management has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $176.49 million for 136 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.

Islay Capital Management doesn't advise any private funds.

Careers at Islay Capital Management, LLC

The company employs 4 people that are either part- or full-time employees. 50 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
Eric Craig Mcdonald	Managing member, chief investment officer, chief compliance officer	1 Jan 1990	75% - 100%	2035500
Jeffrey Michael Mercer	Member	1 Jan 2005	Other	4935524
Becky Lynn Jones	Chief compliance officer	1 Feb 2011	Other	5896521

Based in Lubbock

The principal office where Islay Capital Management, LLC performs its advisory services is located at 8001 Quaker Avenue, Lubbock, TX 79424, 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 806-744-8617 or by fax 806-762-8555. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at mcdcap.com.