Afam Capital, Inc. (Austin)


Afam Capital, Inc. is a large advisory firm based in Austin. It manages $950.88 million of regulatory assets for 935 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Alabama, Arizona, California, and 35 other states.

Afam Capital provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, 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.

Afam Capital: assets under management

The assets under management (AUM) of Afam Capital, Inc. is $950.88 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 62% since the beginning of its operation, and $10.21 million of the total AUM is attributable to clients outside of the United States.

The firm manages $950.88 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.02 million each.
Afam Capital has custody of $30.77 million in cash and securities for 32 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Afam Capital, Inc. for their services and products based on a percentage of assets under management and subscription 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 Eric Rasmussen Hare serves?

The firm provides services to individuals, investment companies, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Eric Rasmussen Hare is high net worth individuals with 345 clients and $410.98 million of assets under management. Among the 9 most similar advisory firms, Afam Capital has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $946.45 million for 910 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Afam Capital doesn't advise any private funds.

Careers at Afam Capital, Inc.

The company employs 11 people that are either part- or full-time employees. 55 percent of the employees work as investment advisers or researchers. 6 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.

Eric Rasmussen Hare has been acting as President since 1 Jan 2016. Vito Antonio Sciaraffia has served as the Chief Investment Officer since 1 Jan 2016. Cynthia Mariel Mendoza joined the executive team most recently as the Vp, Operations And Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Inc. Af Holdings Holding company 1 Nov 1999 75% - 100% 41-1946117
John Buckingham Cio 1 Dec 2001 Other 2593935
Gerald William Buetow Cio 1 Nov 2009 Other 5199863
Jeffrey Alan Montgomery Ceo 1 Mar 2010 Other 2429245
Kurt Emmanuel Morales Chief financial officer 1 Jul 2010 Other 4270192
Elizabeth Magdalena Willmore Chief compliance officer 1 May 2012 Other 2697868
Coby Jay Stilp Chief financial officer 1 Jul 2013 Other 2277241
Vito Antonio Sciaraffia Chief investment officer 1 Jan 2016 Other 6214155
Eric Rasmussen Hare President 1 Jan 2016 Other 5982485
Gerald William Buetow Senior advisor 1 Jan 2016 Other 5199863
Cynthia Mariel Mendoza Vp, operations and chief compliance officer 1 Apr 2018 Other xxx-xx-xxxx

Based in Austin

The principal office where Afam Capital, Inc. performs its advisory services is located at 221 West 6 Th Street, Austin, TX 78701, which is also the mailing address of the firm. An additional office of the firm is in Aliso Viejo, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 512-354-7041 or by fax 512-597-2500. The normal business hours are 8 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at alfrankfunds.com.