Goodhaven Capital Management, LLC (Miami)

Name: Goodhaven Capital Management, LLC
Address: 4940 Sw 83 Rd Street, Miami, FL, 33143
Telephone: 305-677-7650

Goodhaven Capital Management, LLC is a large advisory firm based in Miami. It manages $178.82 million of regulatory assets for 50 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Connecticut, Florida, Massachusetts, New Jersey, and New York.

Goodhaven Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Goodhaven Capital Management: assets under management

The assets under management (AUM) of Goodhaven Capital Management, LLC is $178.82 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 169% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $178.82 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.58 million each.

Investments

The firm invests in exchange traded securities the most. They account for 73% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 15% of the firm’s portfolio. Investments in government bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Goodhaven Capital Management, LLC for their services and products based on a percentage of assets under management. 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 Goodhaven Capital Management serves?

The firm provides services to individuals, investment companies, high net worth individuals, and pooled investment vehicles. The largest group of clients of Goodhaven Capital Management is investment companies with 1 clients and $99.45 million of assets under management. Among the 9 most similar advisory firms, Goodhaven Capital Management has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $158.39 million for 45 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.

Goodhaven Capital Management doesn't advise any private funds.

Careers at Goodhaven Capital Management, LLC

The company employs 5 people that are either part- or full-time employees. 60 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Greenwood Management Llc	Member	1 Nov 2010	25% - 50%	27-3829396
Lollapalooza Llc	Member	1 Nov 2010	25% - 50%	27-3831601
Markel Corporation	Member	1 Nov 2010	Other	54-1959284
Keith David Trauner	Chief compliance officer	1 Dec 2010	Other	710475
Sarah Marie Gillespie	Chief compliance officer	1 Sep 2013	Other	4703433
Badlucky Corporation	Member	1 Jan 2016	25% - 50%	37-1799108

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Larry Steven Pitkowsky	Managing member	1 Nov 2010	75% - 100%	1547691
Keith David Trauner	Managing member	1 Nov 2010	75% - 100%	710475
Keith David Trauner	Managing member	1 Jan 2016	75% - 100%	710475

Based in Miami

The principal office where Goodhaven Capital Management, LLC performs its advisory services is located at 4940 Sw 83 Rd Street, Miami, FL 33143, which is also the mailing address of the firm. An additional office of the firm is in Millburn, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 305-677-7650 or by fax 305-677-7666. The normal business hours are 8:30 - 5:30 on Monday - Friday. You can find more information about the New York firm at goodhavenllc.com.