Pl Capital Advisors, LLC (Naples)

Name: Pl Capital Advisors, LLC
Address: 750 Eleventh Street South, Naples, FL, 34102
Telephone: 239-777-0187

Pl Capital Advisors, LLC is a large advisory firm based in Naples. It manages $357.26 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Florida and Illinois.

Pl Capital Advisors 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.

Pl Capital Advisors: assets under management

The assets under management (AUM) of Pl Capital Advisors, LLC is $357.26 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 61% since the beginning of its operation, and $298.69 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $357.26 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $71.45 million each.

Pl Capital Advisors has custody of $352.89 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pl Capital Advisors, LLC 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 Pl Capital Advisors serves?

The firm provides services to other investment advisers and pooled investment vehicles. The largest group of clients of Pl Capital Advisors is pooled investment vehicles with 4 clients and $352.93 million of assets under management. Among the 9 most similar advisory firms, Pl Capital Advisors has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $357.26 million for 5 clients. None of the firm’s clients are foreign persons or businesses.

Pl Capital Advisors also advises several private funds. Namely, four hedge funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $500,000.

Careers at Pl Capital Advisors, LLC

The company employs 7 people that are either part- or full-time employees. 43 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
John William Palmer	Co-managing member	1 Jan 2006	50% - 75%	6035042
Richard J Lashley	Co-managing member	1 Jan 2006	50% - 75%	6035048
Matthew Christopher Dwyer	Chief compliance officer	1 Dec 2014	Other	4878901
Catherine Elizabeth Davis	Chief financial officer	1 Aug 2016	Other	5694244

Based in Naples

The principal office where Pl Capital Advisors, LLC performs its advisory services is located at 750 Eleventh Street South, Naples, FL 34102, which is also the mailing address of the firm. An additional office of the firm is in Naperville, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 239-777-0187 or by fax 630-848-1342. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at plcapitalllc.com.