Fountainhead Capital Management, LLC (Short Hills)

Fountainhead Capital Management, LLC is a large advisory firm based in Short Hills. It manages $218.66 million of regulatory assets for 1,369 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California, Florida, Georgia, and 10 other states.

Fountainhead Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Fountainhead Capital Management: assets under management

The assets under management (AUM) of Fountainhead Capital Management, LLC is $218.66 million. The firm's AUM has grown by 116% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $182.23 million in discretionary accounts and $36.43 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $152.36 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $210.61 thousand.

Fountainhead Capital Management has custody of $95.46 million in cash and securities for 95 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 80% of the total AUM. The second-largest asset type is exchange traded securities, which make up 12% of the firm’s portfolio. Investments in investment grade corporate bonds form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fountainhead Capital Management, 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.

What kind of clients Fountainhead Capital Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Fountainhead Capital Management is individuals with 417 clients and $113.26 million of assets under management. Among the 9 most similar advisory firms, Fountainhead Capital Management has the 4th highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $217.55 million for 474 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.

Fountainhead Capital Management doesn't advise any private funds.

Careers at Fountainhead Capital Management, LLC

The company employs 19 people that are either part- or full-time employees. 89 percent of the employees work as investment advisers or researchers. 17 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 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.

Fountainhead Capital Management, LLC is owned by Scott Harris Silver. Joseph Halpern joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Based in Short Hills

The principal office where Fountainhead Capital Management, LLC performs its advisory services is located at 830 Morris Turnpike, Short Hills, NJ 07078, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 732-346-1900 or by fax 732-395-7125. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at fcapmanagement.com.

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