Open Field Capital LLC (New York)

Name: Open Field Capital LLC
Address: 1140 Avenue Of The Americas, 9 Th Floor, New York, NY, 10036 5803
Telephone: 646-380-6611

Open Field Capital LLC is a mid-sized advisory firm based in New York. It manages $48.36 million of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2006.

Open Field Capital provides portfolio management for individuals and small businesses, 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.

Open Field Capital: assets under management

The assets under management (AUM) of Open Field Capital LLC is $48.36 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 83% since the beginning of its operation, and $1.68 million of the total AUM is attributable to clients outside of the United States.

The firm manages $48.36 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $8.06 million each.

Open Field Capital has custody of $30.93 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 99% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Open Field Capital LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Open Field Capital serves?

The only and largest group of clients of Open Field Capital is pooled investment vehicles with 3 clients and $13.21 million of assets under management. Among the 2 most similar advisory firms, Open Field Capital has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $13.21 million for 3 clients. None of the firm’s clients are foreign persons or businesses.

Open Field Capital also advises several private funds. Namely, three private equity funds. The minimum investment commitment required of non-related persons ranges from $10,000 to $1,000,000.

Careers at Open Field Capital LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No 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 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.

Marc Jay Weiss has served as the Chief Investment Officer since 1 Aug 2003. Open Field Capital (Cayman) L.P. joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Marc Jay Weiss	Chief investment officer	1 Aug 2003	Other	4511170
James Patrick Francis Stableford	Director of portfolios, chief compliance officer	1 Aug 2003	Other	4405802
Michael John Sandifer	Chief compliance officer	1 Aug 2003	Other	876539
Robert Matthew Griffin	Managing director	1 Aug 2003	Other	5011896
Open Field Capital (Cayman) Limited	Member	1 Aug 2005	75% - 100%	foreign entity
Open Field Capital (Cayman) L.P.	Member	1 Mar 2006	75% - 100%	98 0518680

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Marc Jay Weiss	Limited partner	1 Aug 2005	25% - 50%	4511170
James Patrick Francis Stableford	Beneficial owner	1 Aug 2005	25% - 50%	4405802
Open Field Capital (Cayman) L.P. Funded Unapproved Retirement Benefit Scheme	Limited partner	1 Aug 2005	50% - 75%	foreign entity
Robert Matthew Griffin	Trustee	1 Aug 2005	25% - 50%	5011896
Open Field Capital (Cayman) Limited Funded Unapproved Retirement Benefit Scheme	Shareholder	1 Aug 2005	50% - 75%	foreign entity

Based in New York

The principal office where Open Field Capital LLC performs its advisory services is located at 1140 Avenue Of The Americas, 9 Th Floor, New York, NY 10036 5803, 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 646-380-6611. The normal business hours are 9 am to 5 pm on Monday - Friday. You can find more information about the New York firm at ofcap.com.