Mig Capital, LLC (Newport Beach)

Name: Mig Capital, LLC
Address: 660 Newport Center Drive, Newport Beach, CA, 92660
Telephone: 949-474-5800

Mig Capital, LLC is a large advisory firm based in Newport Beach. It manages $1.04 billion of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of California.

Mig 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.

Mig Capital: assets under management

The assets under management (AUM) of Mig Capital, LLC is $1.04 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 94% since the beginning of its operation, and $285.71 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.04 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $259.17 million each.

Fees & Commissions

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

The only and largest group of clients of Mig Capital is pooled investment vehicles with 4 clients and $1.04 billion of assets under management. Among the 10 most similar advisory firms, Mig Capital has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.04 billion for 4 clients. 25% of the firm’s clients are foreign persons or businesses.

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

Careers at Mig Capital, LLC

The company employs 17 people that are either part- or full-time employees. 59 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
Richard Paul Merage	Chief executive officer; manager; trustee of the falcon 2005 management trust and the e-richard merage gst 09 trust	1 Aug 2003	Other	4367550
Paul Parviz Merage	Manager; trustee of the falcon 2005 management trust and the paul merage gst 02 trust	1 Aug 2003	Other	4367504
Gregory Verley Merage	Trustee of the falcon 2005 management trust and the l-greg merage gst 09 trust	1 Aug 2003	Other	4259854
Falcon 2005 Management Trust	Member	1 Aug 2003	Other	20-6475493
Paul Merage Gst 02 Trust	Member	1 Aug 2003	25% - 50%	20-6360252
E Richard Merage Gst 09 Trust	Member	1 Aug 2003	50% - 75%	27-6366261
L Greg Merage Gst 09 Trust	Member	1 Aug 2003	Other	27-6366233
Falcon 2005 Management Trust	Member	1 Aug 2005	Other	20-6475493
Paul Merage Gst 02 Trust	Member	1 Aug 2005	25% - 50%	20-6360252
Allison Naomi Moriya	Controller	1 May 2006	Other	4727064
E Richard Merage Gst 09 Trust	Member	1 Sep 2009	50% - 75%	27-6366261
L Greg Merage Gst 09 Trust	Member	1 Sep 2009	Other	27-6366233
Jeffrey Scott Andrews	Chief operating officer and chief compliance officer	1 Feb 2012	Other	2701220
Peter Woong Choe	Controller	1 Feb 2014	Other	2242571

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Gregory Verley Merage	Trustee	1 Aug 2005	Other	4259854
Richard Paul Merage	Trustee	1 Aug 2005	Other	4367550
Paul Parviz Merage	Trustee	1 Aug 2005	Other	4367504
Richard Paul Merage	Trustee	1 Sep 2009	Other	4367550
Gregory Verley Merage	Trustee	1 Sep 2009	Other	4259854

Based in Newport Beach

The principal office where Mig Capital, LLC performs its advisory services is located at 660 Newport Center Drive, Newport Beach, CA 92660, 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 949-474-5800 or by fax 949-474-5801. The normal business hours are 7am- 5pm on Monday - Friday. You can find more information about the New York firm at migcap.com.