Locust Capital Management LLC is a large advisory firm based in Philadelphia. It manages $344 million of regulatory assets for 1,600 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California, New Jersey, New York, and Pennsylvania.
Locust Capital Management provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Locust Capital Management LLC is $344 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 19% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Locust Capital Management LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The principal office where Locust Capital Management LLC performs its advisory services is located at 1760 Market Street, Philadelphia, PA 19103, 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 215-735-9530 or by fax 215-735-9540. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at locustcap.com.