Armory Capital Management, LLC (Syracuse)

Name: Armory Capital Management, LLC
Address: 110 West Fayette Street, Syracuse, NY, 13202
Telephone: 315-701-6452

Armory Capital Management, LLC is a mid-sized advisory firm based in Syracuse. It manages $74.13 million of regulatory assets for 243 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdiction of New York.

Armory Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Armory Capital Management: assets under management

The assets under management (AUM) of Armory Capital Management, LLC is $74.13 million. The firm's AUM has grown by 267% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $61.97 million in discretionary accounts and $12.16 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $260.39 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.43 million.

Armory Capital Management has custody of $19.65 million in cash and securities for 17 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 45% of the total AUM. The second-largest asset type is investment and business development companies, which make up 42% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Armory Capital Management, LLC for their services and products based on a percentage of assets under management. 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 Henry Jacob Wildhack serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Henry Jacob Wildhack is high net worth individuals with 19 clients and $45.7 million of assets under management. Among the 6 most similar advisory firms, Armory Capital Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $74.13 million for 81 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.

Armory Capital Management doesn't advise any private funds.

Careers at Armory Capital Management, LLC

The company employs 2 people that are either part- or full-time employees. 100 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.

Henry Jacob Wildhack has been acting as President since 1 Mar 2012. Matthew J Abbott joined the executive team most recently as the Managing Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gary Alan Grossman	Managing member	1 Apr 2009	25% - 50%	4377245
Steven John St.Amour	Managing member	1 Apr 2009	25% - 50%	4378052
Adam Edward Panek	Member	1 Apr 2009	Other	5664731
Roger James Beer	Member	1 Apr 2009	Other	5664734
Ricky David Shaw	Member	1 Apr 2009	Other	5664735
Gary Grossman	Managing partner	1 Apr 2009	25% - 50%	4377245
Steve J. St.Amour	Managing partner	1 Apr 2009	25% - 50%	4378052
James Moran Kennedy	Chief compliance officer	1 Apr 2009	Other	2886842
Patricia Foster Beer	Partner	1 Apr 2009	Other	5664733
Terrence W Mccarthy	Partner	1 Apr 2009	Other	5664736
Steve John St.Amour	Managing member	1 Apr 2009	25% - 50%	4378052
Terrence William Mccarthy	Manager	1 Apr 2009	Other	5664736
Steven John Dippolito	Chief compliance officer	1 Jul 2009	Other	5705347
Melissa Marie Nardelli	Chief compliance officer	1 May 2010	Other	2769911
Melissa Marie Heywood	Chief compliance officer	1 May 2010	Other	2769911
Henry Jacob Wildhack	President	1 Mar 2012	Other	859115
Matthew J Abbott	Chief compliance officer	1 Jul 2013	Other	5574991
Henry Jacob Wildhack	Managing member	1 Feb 2017	50% - 75%	859115
Matthew J Abbott	Managing member	1 Feb 2017	50% - 75%	5574991

Based in Syracuse

The principal office where Armory Capital Management, LLC performs its advisory services is located at 110 West Fayette Street, Syracuse, NY 13202, 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 315-701-6452 or by fax 315-423-2808. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at armorycm.com.