Palmer Square Capital Management LLC is a large advisory firm based in Mission Woods. It manages $8.35 billion of regulatory assets for 97 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Delaware and Kansas.
Palmer Square Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and collateral manager for clos/cdos. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Palmer Square Capital Management LLC is $8.35 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 5313% since the beginning of its operation, and $5.93 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Palmer Square Capital Management 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.
The firm provides services to investment companies, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Christopher Dale Long is pooled investment vehicles with 33 clients and $6.74 billion of assets under management. Among the 8 most similar advisory firms, Palmer Square Capital Management has the 3rd lowest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $8.22 billion for 61 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 33% of the firm’s clients are foreign persons or businesses.
Palmer Square Capital Management also advises several private funds. Namely, seven hedge funds, one other private fund, and thirteen securitized asset funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $1,000,000.
The company employs 29 people that are either part- or full-time employees. 55 percent of the employees work as investment advisers or researchers. 2 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Christopher Dale Long has been acting as President since 1 Dec 2009. Angie K. Long has served as the Chief Investment Officer since 1 Feb 2011 and Martin Christopher Bicknell is the Chief Executive Officer of Palmer Square Capital Management LLC family office. Llc Bicknell Family Holding Company joined the executive team most recently as the Managing Member.
The principal office where Palmer Square Capital Management LLC performs its advisory services is located at 1900 Shawnee Mission Parkway, Mission Woods, KS 66205, 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 816-994-3200 or by fax 913-647-9733. The normal business hours are 8:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at palmersquarecap.com.