Palm Drive Capital Llc (New York)
Palm Drive Capital Llc Is a Large Advisory Firm Based in New York. It Manages $172.89 Million of Regulatory Assets for 16 Client Accounts. It Has Been...
Palm Drive Capital LLC is a large advisory firm based in New York. It manages $172.89 million of regulatory assets for 16 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdiction of New York.
Palm Drive Capital 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.
Palm Drive Capital: assets under management
The assets under management (AUM) of Palm Drive Capital LLC is $172.89 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and $90.58 million of the total AUM is attributable to clients outside of the United States.
The firm manages $172.89 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $10.81 million each.
Palm Drive Capital has custody of $146.4 million in cash and securities for 16 clients in total but doesn’t act as a qualified custodian.
Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Palm Drive Capital LLC for their services and products based on a percentage of assets under management, fixed fees, 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.
David Miller brings 15 years of experience in global economics, personal finance strategy, and market dynamics. He specializes in turning complex economic trends into actionable insights for everyday readers.
