Asturias Capital LLC (New York)

Asturias Capital LLC is a large advisory firm based in New York. It manages $408.57 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2015.

Asturias 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.

Asturias Capital: assets under management

The assets under management (AUM) of Asturias Capital LLC is $408.57 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 227% since the beginning of its operation, and $408.57 million of the total AUM is attributable to clients outside of the United States.

The firm manages $408.57 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $102.14 million each.

Fees & Commissions

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

The only and largest group of clients of Asturias Capital is pooled investment vehicles with 4 clients and $408.57 million of assets under management. Among the 11 most similar advisory firms, Asturias Capital has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $408.57 million for 4 clients. 75% of the firm’s clients are foreign persons or businesses.

Asturias Capital also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Asturias Capital LLC

The company employs 7 people that are either part- or full-time employees. 57 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
Francis Edward Cueto	Chief compliance officer	1 Feb 2015	Other	6268006
Asturias Capital Gp Llc	Member	1 Feb 2015	Other	1001
Asturias Capital Lp	Managing member	1 Feb 2015	75% - 100%	47-2758567
Janine (Nmn) Krause	Chief compliance officer	1 Dec 2016	Other	6035991
Cueto Family Llc	Managing member - asturias gp llc	1 Jul 2017	75% - 100%	82-2008307

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Cynthia Carol Cueto	Limited partner	1 Feb 2015	50% - 75%	6451877
Francis Edward Cueto	Managing member	1 Jul 2017	75% - 100%	6268006

Based in New York

The principal office where Asturias Capital LLC performs its advisory services is located at 601 Lexington Ave, 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 212-893-8823. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday.