East Side Capital Corp (New York)

East Side Capital Corp is a large advisory firm based in New York. It manages $1.38 billion of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2012.

East Side Capital Corp provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

East Side Capital Corp: assets under management

The assets under management (AUM) of East Side Capital Corp is $1.38 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -35% since the beginning of its operation, and $183.76 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.38 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $459.62 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay East Side Capital Corp 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 David Matthew Rasiel serves?

The only and largest group of clients of David Matthew Rasiel is pooled investment vehicles with 3 clients and $1.38 billion of assets under management. Among the 11 most similar advisory firms, East Side Capital Corp has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.38 billion for 3 clients. 67% of the firm’s clients are foreign persons or businesses.

East Side Capital Corp also advises several private funds. Namely, two hedge funds.

Careers at East Side Capital Corp

The company employs 3 people that are either part- or full-time employees. 67 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 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.

David Matthew Rasiel has been acting as President since 1 Jan 2011. Darren James Nordone joined the executive team most recently as the Coo And Cco.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Steven Frederick Richman	Ceo	1 Dec 1992	50% - 75%	1538867
Margate Manager Llc	General partner of margate manager, lp	1 Dec 2004	Other	20-2443133
Darren James Nordone	Coo and cco	1 Jan 2011	Other	6029742
David Matthew Rasiel	President	1 Jan 2011	50% - 75%	6029743

Based in New York

The principal office where East Side Capital Corp performs its advisory services is located at 250 West 55 Th St., New York, NY 10019, 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 212-332-0401 or by fax 212-658-9898. The normal business hours are 9:00am - 5:00pm on Monday - Friday.