Tsai Capital Corporation (New York)

Name: Tsai Capital Corporation
Address: 590 Madison Avenue, 21 St Floor, New York, NY, 10022
Telephone: 917-979-4821

Tsai Capital Corporation is a mid-sized advisory firm based in New York. It manages $52.96 million of regulatory assets for 36 client accounts. It has been registered with the SEC as an adviser since 2005.

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

Tsai Capital Corporation: assets under management

The assets under management (AUM) of Tsai Capital Corporation is $52.96 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 231% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $52.96 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.47 million each.

Tsai Capital Corporation has custody of $9.43 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio. Investments in investment grade corporate bonds form 1% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Tsai Capital Corporation is high net worth individuals with 18 clients and $35.21 million of assets under management. Among the 4 most similar advisory firms, Tsai Capital Corporation has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $46.68 million for 33 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.

Tsai Capital Corporation also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Tsai Capital Corporation

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Christopher Tsai	President, chief investment officer, and chief compliance officer	1 Nov 1997	75% - 100%	2938655
Abigail E Laufer	Chief operating officer	1 Sep 2005	Other	1848343
Frederic Sherrill	Managing director	1 Sep 2005	Other	1309991
Abigail Eve Laufer	Chief operating officer and chief compliance officer	1 Sep 2005	Other	1848343

Based in New York

The principal office where Tsai Capital Corporation performs its advisory services is located at 590 Madison Avenue, 21 St Floor, 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 917-979-4821 or by fax 917-979-4849. The normal business hours are 9:00 am -5:00 pm on Monday - Friday. You can find more information about the New York firm at tsaicapital.com.