Newmark Capital LLC (New York)

Newmark Capital LLC is a large advisory firm based in New York. It manages $735.06 million of regulatory assets for 102 client accounts. It has been registered with the SEC as an adviser since 2015.

Newmark Capital 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.

Newmark Capital: assets under management

The assets under management (AUM) of Newmark Capital LLC is $735.06 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -10% since the beginning of its operation, and $713.65 million of the total AUM is attributable to clients outside of the United States.

The firm manages $735.06 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $7.21 million each.

Investments

The firm invests in exchange traded securities the most. They account for 95% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio.

Fees & Commissions

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

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Newmark Capital is pooled investment vehicles with 4 clients and $713.65 million of assets under management. Among the 7 most similar advisory firms, Newmark Capital has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $735.06 million for 102 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 50% of the firm’s clients are foreign persons or businesses.

Newmark Capital also advises several private funds. Namely, four securitized asset funds. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Newmark Capital LLC

The company employs 11 people that are either part- or full-time employees. 64 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
Mark Lazar Gold	Member, chief executive officer, chief compliance officer	1 Feb 2013	50% - 75%	1074877
Nbb 2012 Trust	Member	1 Feb 2013	25% - 50%	46-6457207
David Feldman	Equity portfolio manager	1 Oct 2016	Other	5420966

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Sandy B. Gold	Trustee	1 Jan 2012	Other	6571115

Based in New York

The principal office where Newmark Capital LLC performs its advisory services is located at 1 Penn Plaza, Suite 4501, New York, NY 10119, 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 2127101880 or by fax 2127109777. The normal business hours are 9am-6pm on Monday - Friday.