Cornell Capital LLC (New York)

Cornell Capital LLC is a large advisory firm based in New York. It manages $3.27 billion of regulatory assets for 9 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of New York.

Cornell Capital 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.

Cornell Capital: assets under management

The assets under management (AUM) of Cornell Capital LLC is $3.27 billion. The firm's AUM has grown by 800% since the beginning of its operation, and $2.7 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $2.11 billion in discretionary accounts and $1.16 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $702.05 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $193.73 million.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

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

The only and largest group of clients of Cornell Capital is pooled investment vehicles with 8 clients and $3.19 billion of assets under management. Among the 11 most similar advisory firms, Cornell Capital has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $3.19 billion for 8 clients. 56% of the firm’s clients are foreign persons or businesses.

Cornell Capital also advises several private funds. Namely, six private equity funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $7,500,000.

Careers at Cornell Capital LLC

The company employs 18 people that are either part- or full-time employees. 83 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.

Richard Allen Drucker joined the executive team most recently as the General Counsel/Partner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Henry Cornell	Chief executive officer/member	1 Mar 2013	75% - 100%	1736612
Henry Nmn Cornell	Chief executive officer/member	1 Mar 2013	75% - 100%	1736612
Joanna Cecile Reiss	Chief compliance officer/member	1 May 2015	Other	5160932
Henry Nmn Cornell	Limited partner of cornell capital gp ii lp (relying adviser)	1 May 2015	25% - 50%	1736612
Sole Member Of This Single Member Llc) Cornell Investment Partners Llc (See Crd# Of Henry Cornell	General partner of cornell capital gp ii lp (relying adviser)	1 May 2015	Other	no tax id or e.i.n.
Cornell Investment Partners Lp	Limited partner of cornell capital gp ii lp (relying adviser)	1 May 2015	25% - 50%	20-4953416
Cornell Capital Gp Iii Gp Llc	General partner of cornell capital gp iii lp (relying adviser)	1 Sep 2016	Other	98-1324914
Cornell Investment Partners Lp	Limited partner of cornell capital gp iii lp (relying adviser)	1 Sep 2016	25% - 50%	20-4953416
Steven Daniel Ladew	Chief financial officer	1 Nov 2016	Other	5774293
Richard Allen Drucker	General counsel/partner	1 Jan 2018	Other	6877645

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Henry Nmn Cornell	Managing member	1 Jun 2006	75% - 100%	1736612
Henry Nmn Cornell	Managing member	1 Sep 2016	Other	1736612

Based in New York

The principal office where Cornell Capital LLC performs its advisory services is located at 499 Park Avenue, 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 212-818-8980 or by fax 212-704-8398. The normal business hours are 9-5 on Monday - Friday.