Palm Beach Capital Management Iii, LLC (West Palm Beach)

Name: Palm Beach Capital Management Iii, LLC
Address: 525 South Flagler Drive, West Palm Beach, FL, 33401
Telephone: 561-659-9022

Palm Beach Capital Management Iii, LLC is a large advisory firm based in West Palm Beach. It manages $289.76 million of regulatory assets for 9 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Florida.

Palm Beach Capital Management Iii 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 Beach Capital Management Iii: assets under management

The assets under management (AUM) of Palm Beach Capital Management Iii, LLC is $289.76 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 77% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $289.76 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $32.2 million each.

Palm Beach Capital Management Iii has custody of $200.7 million in cash and securities for 9 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Palm Beach Capital Management Iii, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Palm Beach Capital Management Iii serves?

The only and largest group of clients of Palm Beach Capital Management Iii is pooled investment vehicles with 9 clients and $289.76 million of assets under management. Among the 9 most similar advisory firms, Palm Beach Capital Management Iii has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $289.76 million for 9 clients. None of the firm’s clients are foreign persons or businesses.

Palm Beach Capital Management Iii also advises several private funds. Namely, nine private equity funds. The minimum investment commitment required of non-related persons ranges from $10,000 to $5,000,000.

Careers at Palm Beach Capital Management Iii, LLC

The company employs 8 people that are either part- or full-time employees. 63 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
Shaun Lancer Mcgruder	Elected manager, member	1 May 2011	25% - 50%	6005651
Michael Leroy Schmickle	Elected manager, member, chief compliance officer	1 May 2011	25% - 50%	6005653
Nathan Shawn Ward	Elected manager, member	1 May 2011	25% - 50%	6005654
James William Harpel	Elected manager, member	1 May 2011	Other	1472201
Adam Peter Klein	Chief compliance officer and chief financial officer	1 May 2011	Other	6014071
Effie Tzirtziropoulos Lachman	Chief financial officer	1 Apr 2013	Other	6179181
Effie Tzirtziropoulos	Chief financial officer	1 Apr 2013	Other	6179181

Based in West Palm Beach

The principal office where Palm Beach Capital Management Iii, LLC performs its advisory services is located at 525 South Flagler Drive, West Palm Beach, FL 33401, 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 561-659-9022 or by fax 561-659-9055. The normal business hours are 8:30 - 5:30 on Monday - Friday. You can find more information about the New York firm at pbcap.com.