Spring Mountain Capital, LP is a large advisory firm based in New York. It manages $705.32 million of regulatory assets for 233 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of California, Connecticut, Delaware, and 7 other states.
Spring Mountain Capital provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and family office services and fixed income consulting. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Spring Mountain Capital, LP is $705.32 million. The firm's AUM has grown by 152% since the beginning of its operation, and $7.83 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Spring Mountain Capital, LP 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.
The firm provides services to charitable organizations, high net worth individuals, and pooled investment vehicles. The largest group of clients of Spring Mountain Capital is pooled investment vehicles with 11 clients and $283.14 million of assets under management. Among the 11 most similar advisory firms, Spring Mountain Capital has the 4th highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $550 million for 181 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 3% of the firm’s clients are foreign persons or businesses.
Spring Mountain Capital also advises several private funds. Namely, four hedge funds and seven private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $2,000,000.
The company employs 26 people that are either part- or full-time employees. 65 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.
There are 4 people 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.
The principal office where Spring Mountain Capital, LP performs its advisory services is located at 650 Madison Avenue, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in West Windsor, NJ. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-292-8300 or by fax 212-292-8301. The normal business hours are 9 am to 5 pm on Monday - Friday. You can find more information about the New York firm at springmountaincapital.com.