Midatlantic Capital Management, Inc. (Richmond)

Name: Midatlantic Capital Management, Inc.
Address: 11448 Robious Road, Richmond, VA, 23235
Telephone: 804-272-9200

Midatlantic Capital Management, Inc. is a large advisory firm based in Richmond. It manages $245.09 million of regulatory assets for 154 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of Virginia.

Midatlantic Capital Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Midatlantic Capital Management: assets under management

The assets under management (AUM) of Midatlantic Capital Management, Inc. is $245.09 million. The firm's AUM has grown by 767% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $81.11 million in discretionary accounts and $163.98 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $628.74 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $6.56 million.

Midatlantic Capital Management has custody of $474.91 thousand in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 83% of the total AUM. The second-largest asset type is exchange traded securities, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Midatlantic Capital Management, Inc. for their services and products based on a percentage of assets under management 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 Midatlantic Capital Management serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Midatlantic Capital Management is pension and profit sharing plans with 27 clients and $164.95 million of assets under management. Among the 8 most similar advisory firms, Midatlantic Capital Management has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $242.97 million for 150 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.

Midatlantic Capital Management doesn't advise any private funds.

Careers at Midatlantic Capital Management, Inc.

The company employs 3 people that are either part- or full-time employees. 67 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 Frederick Depew	President and chief compliance officer	1 Aug 1993	50% - 75%	2238367
Robert Brenaman Wrenn	Principal	1 Feb 2006	50% - 75%	5071471

Based in Richmond

The principal office where Midatlantic Capital Management, Inc. performs its advisory services is located at 11448 Robious Road, Richmond, VA 23235, 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 804-272-9200 or by fax 804-272-9102. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at midatlantic-capital.com.