Sicart Associates, LLC (New York)

Name: Sicart Associates, LLC
Address: 152 W 57 Th Street, New York, NY, 10019
Telephone: 646-606-0290

Sicart Associates, LLC is a large advisory firm based in New York. It manages $456.41 million of regulatory assets for 198 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, New Jersey, New York, and Texas.

Sicart Associates provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and publication of newsletters. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Sicart Associates: assets under management

The assets under management (AUM) of Sicart Associates, LLC is $456.41 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 33% since the beginning of its operation, and $189.55 million of the total AUM is attributable to clients outside of the United States.

The firm manages $456.41 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.31 million each.

Sicart Associates has custody of $202.57 million in cash and securities for 15 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 52% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 42% of the firm’s portfolio. Investments in government bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Sicart Associates, LLC for their services and products based on a percentage of assets under management. 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 Francois Daniel Sicart serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Francois Daniel Sicart is high net worth individuals with 68 clients and $450.81 million of assets under management. Among the 5 most similar advisory firms, Sicart Associates has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $456.41 million for 97 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 65% of the firm’s clients are foreign persons or businesses.

Sicart Associates doesn't advise any private funds.

Careers at Sicart Associates, LLC

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Francois Daniel Sicart has been acting as President since 1 Jul 2016. Bogumil Krzysztof Baranowski joined the executive team most recently as the Secretary, Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Bogumil Krzysztof Baranowski	Secretary, vice president	1 Jul 2016	Other	5789552
Francois Daniel Sicart	Chairman	1 Jul 2016	Other	423199
Patsy P (Mi Only) Jaganath	Treasurer, chief operating officer	1 Jul 2016	Other	2558409
Yibo (Nmn) Huang	President, chief compliance officer	1 Jul 2016	Other	4979034
Lp Sicart Partners	Member	1 Jul 2016	75% - 100%	81-3775674
Patsy P Jaganath	Treasurer, chief operating officer	1 Jul 2016	Other	2558409
Yibo Huang	President, chief compliance officer	1 Jul 2016	Other	4979034

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Sicart Management Llc	General partner	1 Jul 2016	Other	81-3780034

Based in New York

The principal office where Sicart Associates, LLC performs its advisory services is located at 152 W 57 Th Street, New York, NY 10019, 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 646-606-0290 or by fax 212-208-4592. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at sicartassociates.com.