New Capital Management, LP (Houston)

Name: New Capital Management, LP
Address: 4119 Montrose Blvd, Houston, TX, 77006
Telephone: 800-724-9866

New Capital Management, LP is a large advisory firm based in Houston. It manages $312 million of regulatory assets for 87 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdiction of Texas.

New Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, publication of newsletters, and life planning services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

New Capital Management: assets under management

The assets under management (AUM) of New Capital Management, LP is $312 million. The firm's AUM has grown by 524% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $292 million in discretionary accounts and $20 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.52 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $5 million.

New Capital Management has custody of $312 million in cash and securities for 87 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-exchange traded securities the most. They account for 65% of the total AUM. The second-largest asset type is exchange traded securities, which make up 15% of the firm’s portfolio. Investments in other assets form 12% of the total invested assets.

Fees & Commissions

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

What kind of clients New Capital Management serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of New Capital Management is high net worth individuals with 47 clients and $265.95 million of assets under management. Among the 9 most similar advisory firms, New Capital Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $312 million for 87 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.

New Capital Management doesn't advise any private funds.

Careers at New Capital Management, LP

The company employs 3 people that are either part- or full-time employees. 33 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
Leonard Michael Golub	Limited partner/chief compliance officer	1 May 2004	75% - 100%	4815395
Llc Solaris Advisors	General partner	1 May 2004	Other	84-1649527

Based in Houston

The principal office where New Capital Management, LP performs its advisory services is located at 4119 Montrose Blvd, Houston, TX 77006, 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 800-724-9866 or by fax 888-220-8580. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at newcapitalmgmt.com.