Las Olas Capital Advisors, LLC is a large advisory firm based in Fort Lauderdale. It manages $176.71 million of regulatory assets for 119 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Florida, New York, and Texas.
Las Olas Capital Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and investment banking advice and non-transactional advice. 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 Las Olas Capital Advisors, LLC is $176.71 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 186% since the beginning of its operation, and $348.9 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Las Olas Capital Advisors, LLC for their services and products based on a percentage of assets under management and fixed 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 individuals, charitable organizations, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Las Olas Capital Advisors is high net worth individuals with 32 clients and $93.61 million of assets under management. Among the 11 most similar advisory firms, Las Olas Capital Advisors has the 6th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $176.71 million for 45 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Las Olas Capital Advisors also advises several private funds. Namely, two real estate funds and one private equity fund. The minimum investment commitment required of non-related persons ranges from $25,000 to $250,000.
The company employs 8 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 5 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.
Raymond Nicholas Catone joined the executive team most recently as the Chief Operating Officer.
The principal office where Las Olas Capital Advisors, LLC performs its advisory services is located at 888 East Las Olas Blvd, Fort Lauderdale, FL 33301, 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 954-289-4686 or by fax 954-286-4690. The normal business hours are 8:30am - 5:00pm on Monday - Friday.