Swift Run Capital Management, LLC (Charlottesville)


Swift Run Capital Management, LLC is a large advisory firm based in Charlottesville. It manages $134.54 million of regulatory assets for 110 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Georgia, South Dakota, Texas, and Virginia.

Swift Run Capital Management provides portfolio management for individuals and small businesses and 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.

Swift Run Capital Management: assets under management

The assets under management (AUM) of Swift Run Capital Management, LLC is $134.54 million. The firm's AUM has gone down by -44% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $129.85 million in discretionary accounts and $4.69 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.21 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.56 million.
Swift Run Capital Management has custody of $37 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 71% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 16% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 5% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Swift Run Capital Management is high net worth individuals with 39 clients and $74.7 million of assets under management. Among the 10 most similar advisory firms, Swift Run Capital Management has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $134.54 million for 64 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Swift Run Capital Management 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 Swift Run Capital Management, LLC

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 4 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
Timothy Selig Mullen Manager / chief executive officer 1 May 2007 Other 1631336
Philip Oakman Garland Chief compliance officer 1 May 2007 Other 4355297
Srcm Holdings Llc Member 1 Jul 2013 75% - 100% 46-3018654
Daniel Paul Goodall Chief financial officer / chief operating officer 1 Jul 2013 Other 6201770

Indirect Owners

The SEC currently registers 3 indirect owners.

Name Entity Date acquired Ownership Employer ID
Timothy Selig Mullen Sole member 1 Jun 2013 75% - 100% 1631336
Mullen Holdco Llc Sole member 1 Jun 2013 75% - 100% 38-3910482
Mullen Familyco Llc Sole member 1 Jun 2013 75% - 100% 46-3029088

Based in Charlottesville

The principal office where Swift Run Capital Management, LLC performs its advisory services is located at 310 4 Th Street Ne Suite 102, Charlottesville, VA 22902 5299, which is also the mailing address of the firm. An additional office of the firm is in Winchester, VA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 434-817-4234 or by fax 800-561-5374. The normal business hours are 9:00-5:00 on Monday - Friday. You can find more information about the New York firm at swiftruncapital.com.