Statetrust Capital, LLC. (Miami)


Statetrust Capital, LLC. is a large advisory firm based in Miami. It manages $90.79 million of regulatory assets for 265 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Florida.

Statetrust Capital provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and publication of newsletters. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Statetrust Capital: assets under management

The assets under management (AUM) of Statetrust Capital, LLC. is $90.79 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 1521% since the beginning of its operation, and $81.7 million of the total AUM is attributable to clients outside of the United States.

The firm manages $90.79 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $342.59 thousand each.

Investments

The firm invests in investment grade corporate bonds the most. They account for 70% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 10% of the firm’s portfolio. Investments in exchange traded securities form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Statetrust Capital, LLC. for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Rosario Marinez De Tutnes serves?

The firm provides services to individuals, insurance companies, investment companies, and banking or thrift institutions. The largest group of clients of Rosario Marinez De Tutnes is individuals with 259 clients and $79.33 million of assets under management. Among the 7 most similar advisory firms, Statetrust Capital has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $90.79 million for 265 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 90% of the firm’s clients are foreign persons or businesses.

Statetrust Capital doesn't advise any private funds.

Careers at Statetrust Capital, LLC.

The company employs 46 people that are either part- or full-time employees. 20 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.

Rosario Marinez De Tutnes has been acting as President since 1 Jul 1999. Napoleon Arturo Aponte joined the executive team most recently as the Cco.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Rosario Marinez De Tutnes Chairman 1 Jul 1999 25% - 50% 4435073
David Vurgait President & executive mgr-cco 1 Nov 1999 Other 4296235
Bertha Pearlman Managing member 1 Nov 1999 Other 4435063
Jeffrey Wayne Cimbal Coo 1 Jan 2003 Other 2028791
Joseph Luis Turnes Chairman & ceo 1 Jan 2003 25% - 50% 2023535
Abraham Garzon Chief financial officer & mgr 1 Jan 2003 Other 4425959
Statetrust Group Llc Holding company 1 Jan 2005 75% - 100% 42-1621740
Jose Leon Maya Director of statetrust group, llc 1 Jan 2005 Other 1793189
Joseph Luis Turnes Director ofstatetrust group, llc 1 Jan 2005 Other 2023535
Mario Saravia Chief compliance officer 1 May 2013 Other 4712501
Napoleon Arturo Aponte Cco 1 Oct 2018 Other 3051313

Indirect Owners

The SEC currently registers 4 indirect owners.

Name Entity Date acquired Ownership Employer ID
Jesus Alberto Lauria Managing member 1 Nov 1999 Other 4435081
Judith Lindenfeld Member 1 Oct 2001 Other 4570935
Rt Family Trust Active 1 Jan 2005 25% - 50% 65-6407334
Dennis Ginsburg Active 1 Dec 2012 50% - 75% 5694305

Based in Miami

The principal office where Statetrust Capital, LLC. performs its advisory services is located at 1000 Brickell Ave, Miami, FL 33131, which is also the mailing address of the firm. An additional office of the firm is in Boca Raton, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 305-921-8100 or by fax 305-921-8111. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at statetrust.com.