Bonaventure Capital, LLC (Birmingham)

Name: Bonaventure Capital, LLC
Address: 820 Shades Creek Pkwy., Ste. 1200, Birmingham, AL, 35209
Telephone: 205-626-9197

Bonaventure Capital, LLC is a large advisory firm based in Birmingham. It manages $276.6 million of regulatory assets for 24 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of Alabama.

Bonaventure Capital provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, 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.

Bonaventure Capital: assets under management

The assets under management (AUM) of Bonaventure Capital, LLC is $276.6 million. The firm's AUM has grown by 764% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $102.5 million in discretionary accounts and $174.1 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.88 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $58.03 million.

Bonaventure Capital has custody of $31.33 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 40% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 34% of the firm’s portfolio. Investments in pooled investment vehicles form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bonaventure Capital, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Bonaventure Capital serves?

The firm provides services to other investment advisers, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Bonaventure Capital is high net worth individuals with 14 clients and $218.97 million of assets under management. Among the 8 most similar advisory firms, Bonaventure Capital has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $276.6 million for 24 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.

Bonaventure Capital also advises several private funds. Namely, one hedge fund and two private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $250,000.

Careers at Bonaventure Capital, LLC

The company employs 3 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’s a single person 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
William Edward Reiser	Managing member and chief compliance officer	1 Aug 1998	25% - 50%	2809521
Steven Mccall Dauphin	Managing member	1 Aug 1998	25% - 50%	2784306
Billy Lebold Harbert	Member	1 Aug 1998	Other	4910970
James Otto Rein	Member	1 Aug 1998	25% - 50%	4910973
Dennis Boone Hinton	Member	1 Jan 2015	Other	6387319

Based in Birmingham

The principal office where Bonaventure Capital, LLC performs its advisory services is located at 820 Shades Creek Pkwy., Ste. 1200, Birmingham, AL 35209, 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 205-626-9197. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at bonaventurecapital.net.