Malachite Capital Management LLC (New York)


Malachite Capital Management LLC is a large advisory firm based in New York. It manages $1.59 billion of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2013.

Malachite Capital Management provides 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.

Malachite Capital Management: assets under management

The assets under management (AUM) of Malachite Capital Management LLC is $1.59 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 2654% since the beginning of its operation, and $120.91 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.59 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $397.82 million each.
Malachite Capital Management has custody of $576.28 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Malachite Capital Management 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 Malachite Capital Management serves?

The only and largest group of clients of Malachite Capital Management is pooled investment vehicles with 4 clients and $1.59 billion of assets under management. Among the 9 most similar advisory firms, Malachite Capital Management has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.59 billion for 4 clients. 25% of the firm’s clients are foreign persons or businesses.

Malachite Capital Management also advises several private funds. Namely, four hedge funds. The minimum investment commitment required of non-related persons ranges from $500,000 to $5,000,000.

Careers at Malachite Capital Management LLC

The company employs 7 people that are either part- or full-time employees. 43 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
Jacob Morey Weinig Managing member 1 Sep 2013 50% - 75% 4997210
Joseph Aiken Managing member 1 Sep 2013 50% - 75% 5003297
Michael Joseph Kostolansky Chief compliance officer, chief financial officer 1 Nov 2013 Other 2649281

Based in New York

The principal office where Malachite Capital Management LLC performs its advisory services is located at 3 Columbus Circle 15 Th Floor, New York, NY 10019, 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 212-520-2997. The normal business hours are 8 am - 6 pm est on Monday - Friday.