Accumulus Capital Management, LLC (New York)

Name: Accumulus Capital Management, LLC
Address: 110 East 59 Th Street, New York, NY, 10022
Telephone: 212-490-7570

Accumulus Capital Management, LLC is a large advisory firm based in New York. It manages $767.46 million of regulatory assets for 10 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of New York.

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

Accumulus Capital Management: assets under management

The assets under management (AUM) of Accumulus Capital Management, LLC is $767.46 million. The firm's AUM has grown by 166% since the beginning of its operation, and $323 million of the total AUM is attributable to clients outside of the United States.

The firm manages $287.46 million in discretionary accounts and $480 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $71.87 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $80 million.

Accumulus Capital Management has custody of $297.46 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 94% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 6% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Accumulus Capital Management, LLC for their services and products based on a percentage of assets under management, fixed fees, 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 Accumulus Capital Management serves?

The firm provides services to pooled investment vehicles and corporations or other businesses. The largest group of clients of Accumulus Capital Management is corporations or other businesses with 5 clients and $470.93 million of assets under management. Among the 10 most similar advisory firms, Accumulus Capital Management has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $758.39 million for 9 clients. 60% of the firm’s clients are foreign persons or businesses.

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

Careers at Accumulus Capital Management, LLC

The company employs 7 people that are either part- or full-time employees. 43 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 4 people 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
Benjamin Schliemann	Managing member	1 Jun 2001	75% - 100%	5055233
Benjamin Schliemann	Managing member and chief investment officer	1 Sep 2001	75% - 100%	5055233
Conrad Jean Hottinger	Member	1 Sep 2001	Other	2337806
Melvin Avery Gross	Chief financial officer	1 Sep 2004	Other	2576494
Joseph Derwin Bates	Chief compliance officer	1 Apr 2005	Other	2157257
Walter Alfredo Schonborn	Chief risk officer and chief compliance officer	1 Jul 2011	Other	6028456
Gregory Scott Levine	General counsel and chief compliance officer	1 Oct 2012	Other	1361906
Vijay Suresh Bachani	Chief financial officer and operating officer	1 May 2015	Other	4962588
Stefan R Zellmer	Chief operating officer	1 Jan 2017	Other	2574611

Based in New York

The principal office where Accumulus Capital Management, LLC performs its advisory services is located at 110 East 59 Th Street, 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 212-490-7570 or by fax 212-490-7576. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at accumuluscapital.com/.