Caravan Capital Management LLC (Tacoma)

Name: Caravan Capital Management LLC
Address: 950 Pacific Avenue, Tacoma, WA, 98402
Telephone: 253-302-5035

Caravan Capital Management LLC is an investment adviser to an investment company based in Tacoma. It manages $38.85 million of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdiction of Washington.

Caravan Capital Management provides portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Caravan Capital Management: assets under management

The assets under management (AUM) of Caravan Capital Management LLC is $38.85 million. The firm's AUM has grown by 1843% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $38.62 million in discretionary accounts and $235.65 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $7.72 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $235.65 thousand.

Caravan Capital Management has custody of $16.76 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 89% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 6% of the firm’s portfolio. Investments in pooled investment vehicles form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Caravan 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.

What kind of clients Caravan Capital Management serves?

The firm provides services to investment companies, charitable organizations, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Caravan Capital Management is pooled investment vehicles with 3 clients and $16.76 million of assets under management. Among the 3 most similar advisory firms, Caravan Capital Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $38.85 million for 6 clients. 20% of the firm’s clients are foreign persons or businesses.

Caravan Capital Management also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $500,000.

Careers at Caravan Capital Management LLC

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Clifford Hale Quisenberry	Managing member	1 Aug 2008	25% - 50%	2012059
Benjamin Grant Griffith	Member	1 Jan 2009	Other	5678282
Joseph Scott Williams	Member	1 May 2009	Other	6043649
Elizabeth Clapp Williams	Member	1 May 2009	Other	4370250
Glenn Everett Schorno	Member	1 May 2009	Other	6189595
Glenn E Schorno	Member	1 May 2009	Other	6189595
Frederick Miles Goldberg	Member	1 Sep 2010	Other	6189593
Frederick M Goldberg	Member	1 Sep 2010	Other	6189593
Benjamin Grant Griffith	Managing member	1 Jun 2015	Other	5678282
Salvador Ibanez De Opacua	Managing member, cco	1 Jun 2015	Other	3200599
Edward Young Soo Kim	Member	1 Apr 2016	Other	4443744
Llc Angel Oak Canopy Partners	Member	1 Jul 2016	Other	47-3205298

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Michael Allen Fierman	Member	1 Jul 2016	25% - 50%	5704566
David Diblee Silvera	Member	1 Jul 2016	Other	1563838
Sreeniwas Vikram Prabhu	Member	1 Jul 2016	25% - 50%	4124628
Brian Smith	Member	1 Jul 2016	Other	6433628

Based in Tacoma

The principal office where Caravan Capital Management LLC performs its advisory services is located at 950 Pacific Avenue, Tacoma, WA 98402 The mailing address of the firm is 950 Pacific Avenue, Tacoma, WA 98402. An additional office of the firm is in University Place, WA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 253-302-5035. The normal business hours are 8:00 - 5:00 on Monday - Friday. You can find more information about the New York firm at caravancap.com.