Proprietary Capital, LLC (Denver)

Name: Proprietary Capital, LLC
Address: 1800 Larimer Street, Denver, CO, 80202
Telephone: 303-575-9084

Proprietary Capital, LLC is a large advisory firm based in Denver. It manages $617 million of regulatory assets for 44 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdiction of Colorado.

Proprietary Capital 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.

Proprietary Capital: assets under management

The assets under management (AUM) of Proprietary Capital, LLC is $617 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 1770% since the beginning of its operation, and $413 million of the total AUM is attributable to clients outside of the United States.

The firm manages $617 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $14.02 million each.

Proprietary Capital has custody of $338 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 48% of the total AUM. The second-largest asset type is government bonds, which make up 35% of the firm’s portfolio. Investments in cash and cash equivalents form 17% of the total invested assets.

Fees & Commissions

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

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Proprietary Capital is pooled investment vehicles with 4 clients and $531.4 million of assets under management. Among the 9 most similar advisory firms, Proprietary Capital has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $538.6 million for 24 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 12% of the firm’s clients are foreign persons or businesses.

Proprietary Capital also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Proprietary Capital, LLC

The company employs 13 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 2 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Craig Alan Cohen	Member	1 May 1997	75% - 100%	1211684
Bryan Curtice Roche	Member	1 May 1997	50% - 75%	1292222
Heide Burroughs	Chief compliance officer	1 Jan 2012	Other	5503519
Daniel J Williams	Chief operating officer	1 Jan 2016	Other	5770586

Based in Denver

The principal office where Proprietary Capital, LLC performs its advisory services is located at 1800 Larimer Street, Denver, CO 80202, 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 303-575-9084 or by fax 303-260-7785. The normal business hours are 7:00 a.m. - 4:00 p.m. on Monday - Friday. You can find more information about the New York firm at prop-cap.com.