Broadfin Capital, LLC (New York)

Name: Broadfin Capital, LLC
Address: 300 Park Avenue, New York, NY, 10022
Telephone: 212-808-2460

Broadfin Capital, LLC is a large advisory firm based in New York. It manages $645.38 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2012.

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

Broadfin Capital: assets under management

The assets under management (AUM) of Broadfin Capital, LLC is $645.38 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 47% since the beginning of its operation, and $181.61 million of the total AUM is attributable to clients outside of the United States.

The firm manages $645.38 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $215.13 million each.

Broadfin Capital has custody of $645.38 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

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

The only and largest group of clients of Broadfin Capital is pooled investment vehicles with 3 clients and $645.38 million of assets under management. Among the 10 most similar advisory firms, Broadfin Capital has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $645.38 million for 3 clients. 67% of the firm’s clients are foreign persons or businesses.

Broadfin Capital 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 Broadfin Capital, LLC

The company employs 10 people that are either part- or full-time employees. 50 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
Kevin Kotler	Managing member	1 Aug 2005	75% - 100%	2507531
Jason Marc Abrams	Chief compliance officer and chief financial officer	1 May 2012	Other	6011137
Julia B Dailey	Chief operating officer	1 Apr 2014	Other	2366767
Julia Braunstein Dailey	Chief operating officer	1 Apr 2014	Other	2366767
Nir Messafi	Chief financial officer, chief compliance officer	1 Apr 2016	Other	6326380

Based in New York

The principal office where Broadfin Capital, LLC performs its advisory services is located at 300 Park Avenue, 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 212-808-2460 or by fax 212-808-2464. The normal business hours are 8am-5pm on Monday - Friday. You can find more information about the New York firm at broadfincapital.com.