Daruma Capital Management, LLC is a large advisory firm based in New York. It manages $773.6 million of regulatory assets for 23 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of New York.
Daruma Capital Management provides portfolio management for individuals and small businesses 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.
The assets under management (AUM) of Daruma Capital Management, LLC is $773.6 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -55% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Daruma Capital Management, 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.
The firm provides services to charitable organizations and high net worth individuals. The largest group of clients of Daruma Capital Management is charitable organizations with 6 clients and $108.76 million of assets under management. Among the 9 most similar advisory firms, Daruma Capital Management has the highest percentage of charitable organizations out of all clients.
The amount of regulatory assets under management is $126.14 million for 21 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.
Daruma Capital Management doesn't advise any private funds.
The company employs 3 people that are either part- or full-time employees. 33 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.
The principal office where Daruma Capital Management, LLC performs its advisory services is located at 12 East 49 Th Street, New York, NY 10017 1028, 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 212-869-4000 or by fax 866-449-3461. The normal business hours are 8:30 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at darumanyc.com.