Miramar Capital LLC (Northbrook)

Miramar Capital LLC is a large advisory firm based in Northbrook. It manages $205.76 million of regulatory assets for 285 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Illinois and Texas.

Miramar Capital provides financial planning services, 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.

Miramar Capital: assets under management

The assets under management (AUM) of Miramar Capital LLC is $205.76 million. The firm's AUM has grown by 32% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $194.16 million in discretionary accounts and $11.61 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $127.58 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 60% of the total AUM. The second-largest asset type is state and local bonds, which make up 16% of the firm’s portfolio. Investments in cash and cash equivalents form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Miramar Capital LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Miramar Capital serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Miramar Capital is high net worth individuals with 78 clients and $177.77 million of assets under management. Among the 11 most similar advisory firms, Miramar Capital has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $183.38 million for 99 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.

Miramar Capital doesn't advise any private funds.

Careers at Miramar Capital LLC

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Robert Kalman	Managing member, chief compliance officer	1 Oct 2017	75% - 100%	1841415
Max Scott Wasserman	Member	1 Dec 2017	50% - 75%	2206118

Based in Northbrook

The principal office where Miramar Capital LLC performs its advisory services is located at 666 Dundee Road, Northbrook, IL 60062, 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 847-291-7300. The normal business hours are 8:00 am to 5:00 om on Monday - Friday.