The Kolta Group LLC (New York)

Name: The Kolta Group LLC
Address: 330 East 38 Th St., New York, NY, 10016
Telephone: 848-702-8548

The Kolta Group LLC is a mid-sized advisory firm based in New York. It manages $26.27 million of regulatory assets for 285 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of New York.

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

The Kolta Group: assets under management

The assets under management (AUM) of The Kolta Group LLC is $26.27 million. The firm's AUM has grown by 5% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $6.31 million in discretionary accounts and $19.96 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $72.57 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $100.81 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 88% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 6% of the firm’s portfolio. Investments in exchange traded securities form 6% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay The Kolta Group LLC for their services and products based on fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients The Kolta Group serves?

The only and largest group of clients of The Kolta Group is high net worth individuals with 9 clients and $26.27 million of assets under management. Among the 0 most similar advisory firms, The Kolta Group has the 0th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $26.27 million for 9 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

The Kolta Group doesn't advise any private funds.

Careers at The Kolta Group LLC

The company employs 1 person that is either a part- or full-time employee. 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
Mark Sam Kolta	Managing member / chief compliance officer	1 Mar 2018	75% - 100%	5324620

Based in New York

The principal office where The Kolta Group LLC performs its advisory services is located at 330 East 38 Th St., New York, NY 10016, 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 848-702-8548. The normal business hours are 9:30 am - 4:00 pm on Monday - Friday. You can find more information about the New York firm at thekoltagroup.com.