Scs Capital Management LLC (Boston)

Name: Scs Capital Management LLC
Address: 888 Boylston Street, Boston, MA, 02199
Telephone: 617-204-6400

Scs Capital Management LLC is a large advisory firm based in Boston. It manages $21.12 billion of regulatory assets for 258 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Alaska, California, Colorado, and 23 other states.

Scs Capital Management provides financial planning services, 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 prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Scs Capital Management: assets under management

The assets under management (AUM) of Scs Capital Management LLC is $21.12 billion. The firm's AUM has grown by 5643% since the beginning of its operation, and $1.35 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $17.15 billion in discretionary accounts and $3.97 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $92.73 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $54.36 million.

Scs Capital Management has custody of $19.31 billion in cash and securities for 182 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 41% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 34% of the firm’s portfolio. Investments in exchange traded securities form 17% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Scs Capital Management LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Stephen Mark Oristaglio serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Stephen Mark Oristaglio is high net worth individuals with 156 clients and $11.61 billion of assets under management. Among the 8 most similar advisory firms, Scs Capital Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $20.44 billion for 188 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 7% of the firm’s clients are foreign persons or businesses.

Scs Capital Management also advises several private funds. Namely, seven hedge funds, four other private funds, and ten private equity funds. The minimum investment commitment required of non-related persons ranges from $50,000 to $1,000,000.

Careers at Scs Capital Management LLC

The company employs 82 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. 11 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.

Stephen Mark Oristaglio has been acting as President since 1 Jan 2011. Rory Leandrew Wilfork joined the executive team most recently as the Managing Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Peter Henley Mattoon	Chief executive officer	1 Aug 2002	Other	1309738
Scs Financial Services Llc	Parent company	1 Aug 2002	75% - 100%	54-2068907
David Ogens	Chairman	1 Aug 2002	Other	1709348
Antony James Abbiati	Managing director	1 Nov 2002	Other	2931470
Douglas Richard Ederle	Managing director	1 Nov 2002	Other	4618494
Stephen Vincent Kenney	Managing director	1 Nov 2002	Other	1541908
Matthew T. Beecher	Director	1 Nov 2002	Other	4618493
Douglas R. Ederle	Managing director	1 Nov 2002	Other	4618494
William Walser	Chief compliance officer	1 Nov 2002	Other	4618495
Antony J. Abbiati	Managing director	1 Nov 2002	Other	2931470
Stephen V. Kenney	Managing director	1 Nov 2002	Other	1541908
William C. Walser	Chief compliance officer	1 Nov 2002	Other	4618495
Kenneth Alfred Minklei	Managing director	1 Sep 2005	Other	5907764
Kenneth R. Minklei	Managing director	1 Sep 2005	Other	5059254
Kenneth A Minklei	Managing director	1 Sep 2005	Other	5907764
Joseph Edward Mccuine	Chief operating officer	1 Feb 2006	Other	2045924
Lori Tedd Sutherland	Managing director	1 Jul 2007	Other	2875634
William Carol Walser	Managing director	1 Dec 2008	Other	4618495
Jeremy Louis Ragus	Managing director	1 Dec 2008	Other	1122379
William C. Walser	Managing director	1 Dec 2008	Other	4618495
Stephen Mark Oristaglio	President	1 Jan 2011	Other	870739
Stephen Joseph Goff	Chief compliance officer	1 Jan 2012	Other	6047220
Stephen Goff	Chief compliance officer	1 Jan 2012	Other	6047220
Pamela Nessa Perskie	Managing director	1 Aug 2013	Other	4558661
Brian Thomas Brandt	Managing director	1 Dec 2013	Other	6315000
Colleen Jane Macleod	Managing director	1 Dec 2013	Other	6315001
Derek Michael Dobecki	Managing director	1 Dec 2013	Other	2981094
Peter Carlyle Lacaillade	Managing director	1 Dec 2015	Other	4827177
Jonathan Richard Walsh	Chief compliance officer	1 Jan 2017	Other	4961248
Llc Focus Operating	Member (manager)	1 Jul 2017	75% - 100%	20-8161914
Rory Leandrew Wilfork	Managing director	1 Jul 2018	Other	2984449

Indirect Owners

The SEC currently registers 10 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Edward Mccuine	Manager	1 Dec 2006	Other	2045924
Llc Focus Financial Partners	Member	1 Jan 2007	75% - 100%	16-1728260
Stephen Mark Oristaglio	Manager	1 Feb 2012	Other	870739
Fayez Sami Muhtadie	Manager	1 Oct 2012	Other	4015917
Antony James Abbiati	Manager	1 Jan 2014	Other	2931470
L.P. Trident Vi Parallel Fund	Member	1 Apr 2017	75% - 100%	98-1132009
Trident Ffp Blocker Llc	Limited partner	1 May 2017	25% - 50%	82-1662776
L.P. Trident Vi	Limited partner	1 May 2017	25% - 50%	98-1131820
L.P. Trident Ffp	Member	1 Jul 2017	25% - 50%	82-1662703
Focus Financial Partners Inc.	Member	1 Jul 2018	75% - 100%	47-4780811

Based in Boston

The principal office where Scs Capital Management LLC performs its advisory services is located at 888 Boylston Street, Boston, MA 02199, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-204-6400 or by fax 617-204-6411. The normal business hours are 8:30 a.m. - 5:30 p.m. on Monday - Friday. You can find more information about the New York firm at scsfinancial.com.