Alden Capital Management Inc. (Jenkintown)


Alden Capital Management Inc. is a large advisory firm based in Jenkintown. It manages $107.73 million of regulatory assets for 151 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Colorado, Connecticut, and 16 other states.

Alden Capital Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and retirement plan advisory services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Alden Capital Management: assets under management

The assets under management (AUM) of Alden Capital Management Inc. is $107.73 million. The firm's AUM has grown by 2637% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $14.53 million in discretionary accounts and $93.19 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $179.44 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.33 million.

Investments

The firm invests in exchange traded securities the most. They account for 80% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 14% of the firm’s portfolio. Investments in government bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Alden Capital Management Inc. for their services and products based on a percentage of assets under management 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 Alden Capital Management serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Alden Capital Management is pension and profit sharing plans with 16 clients and $90.13 million of assets under management. Among the 9 most similar advisory firms, Alden Capital Management has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $107.73 million for 151 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.

Alden Capital Management doesn't advise any private funds.

Careers at Alden Capital Management Inc.

The company employs 6 people that are either part- or full-time employees. 83 percent of the employees work as investment advisers or researchers. 5 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 receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Alden Partners Llc Owner 1 Feb 2018 75% - 100% 00000000
Kenneth Richard Smith Chief compliance officer 1 Feb 2018 Other 2300203
John Francis Mulqueen Chief operating officer 1 Nov 2018 Other 5378924

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Lee Albert Calfo Chief executive officer 1 Feb 2018 50% - 75% 4782334

Based in Jenkintown

The principal office where Alden Capital Management Inc. performs its advisory services is located at 261 Old York Road, Jenkintown, PA 19046 The mailing address of the firm is Po Box 744, Jenkintown, PA 19046 3706. An additional office of the firm is in Monterey Park, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (215) 572-8700. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at aldensecurities.com.