Goldstein Capital Corp. (Long Island City)

Name: Goldstein Capital Corp.
Address: 43 01 22 Nd St., Suite 516, Long Island City, NY, 11101
Telephone: 212-750-7450

Goldstein Capital Corp. is a large advisory firm based in Long Island City. It manages $449.79 million of regulatory assets for 18 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of New York.

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

Goldstein Capital Corp: assets under management

The assets under management (AUM) of Goldstein Capital Corp. is $449.79 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 189% since the beginning of its operation, and $7.84 million of the total AUM is attributable to clients outside of the United States.

The firm manages $449.79 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $24.99 million each.

Investments

The firm invests in government bonds the most. They account for 77% of the total AUM. The second-largest asset type is state and local bonds, which make up 19% of the firm’s portfolio. Investments in exchange traded securities form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Goldstein Capital Corp. for their services and products based on a percentage of assets under management 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.

What kind of clients Goldstein Capital Corp serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Goldstein Capital Corp is pooled investment vehicles with 3 clients and $363.62 million of assets under management. Among the 9 most similar advisory firms, Goldstein Capital Corp has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $380.02 million for 12 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 11% of the firm’s clients are foreign persons or businesses.

Goldstein Capital Corp also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Goldstein Capital Corp.

The company employs 3 people that are either part- or full-time employees. 100 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
Paul Carl Goldstein	President & cco	1 Mar 1995	75% - 100%	1406741
Richard Hill Knecht	Chief compliance officer	1 Jan 2012	Other	6019861
Andrew Peter Marks	Chief financial officer	1 Jan 2015	Other	2645573

Based in Long Island City

The principal office where Goldstein Capital Corp. performs its advisory services is located at 43 01 22 Nd St., Suite 516, Long Island City, NY 11101, 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 212-750-7450 or by fax 212-750-7451. The normal business hours are 9am-6pm on Monday - Friday. You can find more information about the New York firm at goldsteincapital.com/.