Farley Capital L.P. (New York)

Name: Farley Capital L.P.
Address: 777 Third Avenue, New York, NY, 10017
Telephone: 212-421-8741

Farley Capital L.P. is a large advisory firm based in New York. It manages $164.28 million of regulatory assets for 20 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of New York.

Farley Capital provides portfolio management for pooled investment vehicles and portfolio management for privately managed accounts. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Farley Capital: assets under management

The assets under management (AUM) of Farley Capital L.P. is $164.28 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -9% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $164.28 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $8.21 million each.

Farley Capital has custody of $5.2 million in cash and securities for 8 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 34% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 17% of the firm’s portfolio. Investments in government bonds form 17% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Farley Capital L.P. 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 Farley Capital serves?

The only and largest group of clients of Farley Capital is pooled investment vehicles with 3 clients and $133.76 million of assets under management. Among the 8 most similar advisory firms, Farley Capital has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $133.76 million for 3 clients. None of the firm’s clients are foreign persons or businesses.

Farley Capital also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons ranges from $500,000 to $1,000,000.

Careers at Farley Capital L.P.

The company employs 5 people that are either part- or full-time employees. 40 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
Stephen Lawrence Farley	Principal	1 Nov 1989	Other	1308040
Stephen Farley Llc	General partner	1 Jan 2010	75% - 100%	123456
Kenneth M Fisher	Chief compliance officer	1 Sep 2013	Other	4973887

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Stephen Lawrence Farley	Managing member	1 Jan 2006	75% - 100%	1308040

Based in New York

The principal office where Farley Capital L.P. performs its advisory services is located at 777 Third Avenue, New York, NY 10017, 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 212-421-8741 or by fax 212-421-8745. The normal business hours are 8:30am - 5pm on Monday - Friday. You can find more information about the New York firm at dispatchesfromindia.com/.