Absolute Capital Management, LLC (Pittsburgh)

Name: Absolute Capital Management, LLC
Address: 101 Pennsylvania Blvd., Pittsburgh, PA, 15228
Telephone: 412-388-1600

Absolute Capital Management, LLC is a large advisory firm based in Pittsburgh. It manages $201.9 million of regulatory assets for 1,944 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Arizona, California, Connecticut, and 28 other states.

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

Absolute Capital Management: assets under management

The assets under management (AUM) of Absolute Capital Management, LLC is $201.9 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 2143% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $201.9 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $103.86 thousand each.

Absolute Capital Management has custody of $7.1 million in cash and securities for 72 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 81% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 18% of the firm’s portfolio. Investments in exchange traded securities form 1% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Absolute 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 Absolute Capital Management serves?

The firm provides services to individuals, investment companies, and high net worth individuals. The largest group of clients of Absolute Capital Management is individuals with 1,456 clients and $145.36 million of assets under management. Among the 10 most similar advisory firms, Absolute Capital Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $201.34 million for 1,472 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.

Absolute Capital Management doesn't advise any private funds.

Careers at Absolute Capital Management, LLC

The company employs 14 people that are either part- or full-time employees. 14 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There are 97 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Absolute Capital Management, LLC is owned by Renee Lynn Gebben. Denise Diane Alfieri joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Phillip Brenden Gebben	Managing director	1 Jan 2001	50% - 75%	2962975
Brian Matthew Osborn	Managing director	1 Jan 2001	50% - 75%	2514381
Phillip Brenden Gebben	Managing director	1 Oct 2002	50% - 75%	2962975
Brian Matthew Osborn	Managing director	1 Oct 2002	50% - 75%	2514381
Renee Lynn Gebben	Compliance officer	1 Feb 2004	Other	2495861
Matthew Stephen Hardin	Chief compliance officer	1 Sep 2011	Other	2366634
Robert Christopher Mallon	Chief operating officer	1 Aug 2016	Other	6925439
Renee Lynn Gebben	Owner	1 Jun 2018	Other	2495861
Denise Diane Alfieri	Chief compliance officer	1 Mar 2019	Other	4574164

Based in Pittsburgh

The principal office where Absolute Capital Management, LLC performs its advisory services is located at 101 Pennsylvania Blvd., Pittsburgh, PA 15228, 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 412-388-1600 or by fax 412-388-1900. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at abscap.com.