Cruiser Capital Advisors, LLC (New York)

Name: Cruiser Capital Advisors, LLC
Address: 501 Madison Ave., New York, NY, 10022
Telephone: 212-829-5833

Cruiser Capital Advisors, LLC is a large advisory firm based in New York. It manages $188.83 million of regulatory assets for 29 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of New York.

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

Cruiser Capital Advisors: assets under management

The assets under management (AUM) of Cruiser Capital Advisors, LLC is $188.83 million. The firm's AUM has grown by 258% since the beginning of its operation, and $22.27 million of the total AUM is attributable to clients outside of the United States.

The firm manages $175.53 million in discretionary accounts and $13.3 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $7.63 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.22 million.

Investments

The firm invests in exchange traded securities the most. They account for 84% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 16% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cruiser Capital Advisors, 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 Cruiser Capital Advisors serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Cruiser Capital Advisors is high net worth individuals with 15 clients and $123.54 million of assets under management. Among the 9 most similar advisory firms, Cruiser Capital Advisors has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $188.83 million for 20 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 12% of the firm’s clients are foreign persons or businesses.

Cruiser Capital Advisors also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Cruiser Capital Advisors, 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. No employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Keith Michael Rosenbloom	Managing member and chief compliance officer	1 Jun 2011	75% - 100%	2335150

Based in New York

The principal office where Cruiser Capital Advisors, LLC performs its advisory services is located at 501 Madison Ave., New York, NY 10022, 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 212-829-5833 or by fax 917-591-9063. The normal business hours are 8am-5pm on Monday - Friday. You can find more information about the New York firm at cruisercap.com.