Apis Capital Advisors, LLC is a large advisory firm based in New York. It manages $248.75 million of regulatory assets for 7 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Minnesota and New York.
Apis Capital Advisors provides portfolio management for pooled investment vehicles. 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 Apis Capital Advisors, LLC is $248.75 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 2544% since the beginning of its operation, and $140.73 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Apis Capital Advisors, 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 only and largest group of clients of Apis Capital Advisors is pooled investment vehicles with 7 clients and $248.75 million of assets under management. Among the 10 most similar advisory firms, Apis Capital Advisors has the 2nd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $248.75 million for 7 clients. 63% of the firm’s clients are foreign persons or businesses.
Apis Capital Advisors also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons is $500,000 for each fund.
The company employs 9 people that are either part- or full-time employees. 78 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.
Daniel James Barker has served as the Chief Investment Officer since 1 Oct 2008 and Steven Arthur Werber is the Chief Executive Officer of Apis Capital Advisors, LLC family office. Richard Hyok Yun joined the executive team most recently as the Chief Financial Officer / Chief Compliance Officer.
The principal office where Apis Capital Advisors, LLC performs its advisory services is located at 110 E 42 Nd Street, New York, NY 10017, which is also the mailing address of the firm. An additional office of the firm is in Minneapolis, MN. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (203) 409-6307. The normal business hours are 9:00 a.m. to 5:00 p.m. (est) on Monday - Friday. You can find more information about the New York firm at apiscapital.com.