Payne Capital Management, LLC (New York)

Name: Payne Capital Management, LLC
Address: 231 West 29 Th Street, New York, NY, 10001
Telephone: 646-461-7670

Payne Capital Management, LLC is a large advisory firm based in New York. It manages $638.49 million of regulatory assets for 3,446 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Alabama, California, Colorado, and 15 other states.

Payne Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Payne Capital Management: assets under management

The assets under management (AUM) of Payne Capital Management, LLC is $638.49 million. The firm's AUM has grown by 39% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $212.3 million in discretionary accounts and $426.19 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $420.4 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $144.91 thousand.

Payne Capital Management has custody of $276.95 million in cash and securities for 372 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 47% of the total AUM. The second-largest asset type is state and local bonds, which make up 18% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Payne Capital Management, LLC for their services and products based on a percentage of assets under management, hourly charges, 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.

What kind of clients Payne Capital Management serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Payne Capital Management is high net worth individuals with 216 clients and $418.69 million of assets under management. Among the 10 most similar advisory firms, Payne Capital Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $635.62 million for 1,110 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Payne Capital Management doesn't advise any private funds.

Careers at Payne Capital Management, LLC

The company employs 9 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 9 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ryan M Payne	Managing member/chief compliance officer	1 Jul 2008	50% - 75%	4357027
Robert Joseph Payne	Managing director	1 Sep 2008	50% - 75%	809454

Based in New York

The principal office where Payne Capital Management, LLC performs its advisory services is located at 231 West 29 Th Street, New York, NY 10001, which is also the mailing address of the firm. An additional office of the firm is in Naples, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 646-461-7670 or by fax 646-839-2600. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at paynecm.com and its LinkedIn profile.