Aag Capital Markets LLC (Miami)


Aag Capital Markets LLC is a large advisory firm based in Miami. It manages $889.68 million of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of Florida.

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

Aag Capital Markets: assets under management

The assets under management (AUM) of Aag Capital Markets LLC is $889.68 million. The firm's AUM has grown by 889681900% since the beginning of its operation, and $489.68 million of the total AUM is attributable to clients outside of the United States.

The firm manages $702.85 million in discretionary accounts and $186.84 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $234.28 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $23.35 million.

Investments

The firm invests in investment grade corporate bonds the most. They account for 95% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 5% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Aag Capital Markets 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 Robert Geoffrey Korn serves?

The firm provides services to insurance companies, pooled investment vehicles, and banking or thrift institutions. The largest group of clients of Robert Geoffrey Korn is insurance companies with 1 clients and $400 million of assets under management. Among the 7 most similar advisory firms, Aag Capital Markets has the highest percentage of insurance companies out of all clients.

The amount of regulatory assets under management is $889.68 million for 11 clients. 91% of the firm’s clients are foreign persons or businesses.

Aag Capital Markets also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Aag Capital Markets LLC

The company employs 4 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 are 2 people 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.

Robert Geoffrey Korn has been acting as President since 1 Feb 2013. Jason Avdenko joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Apollo Aviation Holdings Limited Member 1 Feb 2013 75% - 100% 98-0534448
Robert Geoffrey Korn President 1 Feb 2013 Other 6246759
William Davis Hoffman Manager 1 Feb 2013 Other 6246764
Javier Meireles Treasurer 1 Feb 2013 Other 6246768
Patrice Ekkehardt Robinet General counsel, secretary and chief compliance officer 1 Feb 2013 Other 6246771
Javier Nmn Meireles Treasurer 1 Feb 2013 Other 6246768
William Davis Hoffman Manager, aag aviation advisers llc 1 Jun 2013 Other 6246764
Patrice Ekkehardt Robinet General counsel and secretary, aag aviation advisers llc 1 Jun 2013 Other 6246771
Robert Geoffrey Korn President, aag aviation advisers llc 1 Jun 2013 Other 6246759
Apollo Aviation Holdings Limited Member, aag aviation advisers llc 1 Jun 2013 75% - 100% 98-0534448
Zechariah Clifton Dameron Chief compliance officer 1 Aug 2016 Other 6694172
Jason Avdenko Chief compliance officer 1 May 2018 Other 5806961
Jason Alexander Avdenko Chief compliance officer 1 May 2018 Other 5806961

Indirect Owners

The SEC currently registers 14 indirect owners.

Name Entity Date acquired Ownership Employer ID
Sciens International Investments & Holdings S.A. Sole shareholder 1 May 2007 75% - 100% 98-0664620
Sciens International Holdings 2 Ltd. Sole shareholder 1 Nov 2008 75% - 100% 98-0636392
Robert Geoffrey Korn Member 1 Dec 2008 50% - 75% 6246759
William Davis Hoffman Member 1 Dec 2008 50% - 75% 6246764
Llc H&K Investment Holdings Shareholder 1 Dec 2010 50% - 75% 26-3933241
Sciens International Aviation Holdings Ltd. Shareholder 1 Dec 2010 50% - 75% 98-0687867
Sciens International Holdings 4 Ltd. Sole shareholder 1 Dec 2010 75% - 100% 98-0636392
Piraeus Bank S.A. Shareholder 1 Jun 2011 25% - 50% foreign entity
Apollo Aviation Holdings Limited Member 1 Jan 2014 75% - 100% 98-0534448
Llc H&K Investment Holdings Iii Shareholder 1 Dec 2017 50% - 75% 82-3809227
Llc Yellowknife Bay Member 1 Dec 2017 50% - 75% 82-3958801
Llc Korn Shares Member 1 Dec 2017 50% - 75% 82-3958899
Robert Geoffrey Korn Member 1 Dec 2017 75% - 100% 6246759
William Davis Hoffman Member 1 Dec 2017 75% - 100% 6246764

Based in Miami

The principal office where Aag Capital Markets LLC performs its advisory services is located at 848 Brickell Avenue, Miami, FL 33131 2946, 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 305-504-8777. The normal business hours are 9 am - 5 pm on Monday - Friday. You can find more information about the New York firm at acap.aero.