Adalta Capital Management LLC (New York)

Adalta Capital Management LLC is a large advisory firm based in New York. It manages $189.1 million of regulatory assets for 186 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Connecticut, Florida, and 4 other states.

Adalta Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Adalta Capital Management: assets under management

The assets under management (AUM) of Adalta Capital Management LLC is $189.1 million. The firm's AUM has grown by 11% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $177.5 million in discretionary accounts and $11.6 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $986.09 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.93 million.

Adalta Capital Management has custody of $14.64 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 79% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 12% of the firm’s portfolio. Investments in pooled investment vehicles form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Adalta 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.

What kind of clients Adalta Capital Management serves?

The firm provides services to individuals, investment companies, high net worth individuals, and pooled investment vehicles. The largest group of clients of Adalta Capital Management is high net worth individuals with 54 clients and $162.16 million of assets under management. Among the 8 most similar advisory firms, Adalta Capital Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $181.46 million for 92 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.

Adalta Capital Management also advises several private funds. Namely, one private equity fund. The minimum investment commitment required of non-related persons is $100,000 for each fund.

Careers at Adalta Capital Management LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No 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 compensates 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
Zoe Austin Vlachos	Member, chief compliance officer	1 Feb 2016	25% - 50%	2667712
David Edward Rappa	Member	1 Feb 2016	50% - 75%	5204702

Based in New York

The principal office where Adalta Capital Management LLC performs its advisory services is located at 452 Fifth Avenue, 14 Th Floor, New York, NY 10018, 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 212-832-5135 or by fax 212-832-5136. The normal business hours are 9:00am-5:00pm on Monday - Friday.