Snowcap Capital Management, LLC (Dallas)

Snowcap Capital Management, LLC is a large advisory firm based in Dallas. It manages $168.8 million of regulatory assets for 24 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of California, Colorado, Delaware, and 5 other states.

Snowcap Capital Management provides financial planning services, 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.

Snowcap Capital Management: assets under management

The assets under management (AUM) of Snowcap Capital Management, LLC is $168.8 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 60% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $168.8 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $7.03 million each.

Snowcap Capital Management has custody of $164.48 million in cash and securities for 24 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 70% 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 pooled investment vehicles form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Snowcap Capital Management, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 William E Corrigan serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of William E Corrigan is high net worth individuals with 14 clients and $30.29 million of assets under management. Among the 14 most similar advisory firms, Snowcap Capital Management has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $34.86 million for 16 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.

Snowcap Capital Management doesn't advise any private funds.

Careers at Snowcap 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.

William E Corrigan has been acting as President since 1 Mar 2008. William Edward Corrigan joined the executive team most recently as the Managing Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William Edward Corrigan	Managing member	1 Mar 2008	75% - 100%	4735123
Pamela Elaine Benningfield	Elected manager/chief compliance officer	1 Mar 2008	Other	2984247
William E Corrigan	President	1 Mar 2008	50% - 75%	4735123
P Elaine Benningfield	Vp/chief compliance officer	1 Mar 2008	25% - 50%	2984247

Based in Dallas

The principal office where Snowcap Capital Management, LLC performs its advisory services is located at 8117 Preston Road, Dallas, TX 75225, 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 214-739-2025 or by fax 214-739-3153. The normal business hours are 8:00am to 4:00pm on Monday - Friday.