Enhanced Capital Partners, LLC (New York)

Name: Enhanced Capital Partners, LLC
Address: 600 Lexington Avenue, New York, NY, 10022 4637
Telephone: 212-207-3385

Enhanced Capital Partners, LLC is a large advisory firm based in New York. It manages $370 million of regulatory assets for 27 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Connecticut, New York, and Puerto Rico.

Enhanced Capital Partners provides portfolio management for pooled investment vehicles and portfolio management for governmental entities and advisory services for a banking institution. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Enhanced Capital Partners: assets under management

The assets under management (AUM) of Enhanced Capital Partners, LLC is $370 million. The firm's AUM has grown by 25% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $320 million in discretionary accounts and $50 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $12.31 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $50 million.

Enhanced Capital Partners has custody of $119.19 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 98% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Enhanced Capital Partners, 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.

What kind of clients Enhanced Capital Partners serves?

The only and largest group of clients of Enhanced Capital Partners is pooled investment vehicles with 1 clients and $107.48 million of assets under management. Among the 11 most similar advisory firms, Enhanced Capital Partners has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $107.48 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Enhanced Capital Partners also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Enhanced Capital Partners, LLC

The company employs 34 people that are either part- or full-time employees. 24 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Andrew Mitchell Paul	Member of board of managers, council & enhanced tennessee manager, llc (relying adviser)	1 Aug 2009	Other	1207280
Michael Adam Gainsley Korengold	Manager/authorized officer and member of board of managers, council & enhanced tennessee manager, llc (relying adviser)	1 Aug 2009	Other	6026760
Llc Enhanced Tennessee Holding	Member, council & enhanced tennessee manager, llc (relying adviser)	1 Aug 2009	50% - 75%	27-0727877
Llc Council Capital Management	Member, council & enhanced tennessee manager, llc (relying adviser)	1 Aug 2009	50% - 75%	161939
Dennis C Bottorff	Manager/authorized officer and member of board of managers, council & enhanced tennessee manager, llc (relying adviser)	1 Aug 2009	Other	2924898
Katie Herron Gambill	Member of board of managers, council & enhanced tennessee manager, llc (relying adviser)	1 Aug 2009	Other	217177
Andrew Mitchell Paul	Member, enhanced capital sbic management, llc (relying adviser)	1 Feb 2012	Other	1207280
Michael Adam Gainsley Korengold	Member and manager, enhanced capital sbic management, llc (relying adviser)	1 Feb 2012	Other	6026760
Barry Alan Osherow	Member and manager, enhanced capital sbic management, llc (relying adviser)	1 Feb 2012	25% - 50%	2564440
Douglas Andrew Cruikshank	Member, enhanced cslf management, llc (relying adviser)	1 Aug 2013	25% - 50%	2072906
Michael Adam Gainsley Korengold	Member, enhanced cslf management, llc (relying adviser)	1 Aug 2013	Other	6026760
Andrew Mitchell Paul	Member, enhanced cslf management, llc (relying adviser)	1 Aug 2013	Other	1207280
Andrew Mitchell Paul	Member, board of directors, enhanced capital partners, llc and enhanced capital group, llc	1 Dec 2013	Other	1207280
Michael Adam Gainsley Korengold	Chief executive officer & president, member board of directors of enhanced capital partners, llc and enhanced capital group, llc	1 Dec 2013	Other	6026760
Shane Patrick Mccarthy	Chief financial officer, enhanced capital partners, llc and enhanced capital group, llc	1 Dec 2013	Other	6026769
Nicole Fiorenza Antoon	Chief compliance officer and counsel, enhanced capital partners, llc	1 Dec 2013	Other	6026777
Inc. Enhanced Capital Holdings	Member, enhanced capital partners, llc	1 Dec 2013	50% - 75%	46-4290592
Llc Enhanced Capital Group	Member, enhanced capital sbic management, llc (relying adviser)	1 Dec 2013	50% - 75%	90-1033457
Llc Chaparral	Member, enhanced capital group, llc (relying adviser)	1 Dec 2013	Other	46-4304131
Llc Brainerd Holding	Member, enhanced capital group, llc (relying adviser)	1 Dec 2013	Other	46-4356061
Llc Apmk Holdings	Member, enhanced capital group, llc (relying adviser)	1 Dec 2013	Other	46-4356648
Enhanced Capital Partners Employee Stock Ownership Trust	Owner, enhanced capital holdings, inc. (relying adviser)	1 Dec 2013	75% - 100%	26-4248854
Trident Ecg Holdings Inc.	Member, enhanced capital group, llc (relying adviser)	1 Dec 2013	25% - 50%	46-4314505
Vcpe Iii Llc	Member, enhanced capital group, llc (relying adviser)	1 Dec 2013	Other	27-3407125
Trident Ecp Holdings Inc.	Member, enhanced capital partners, llc	1 Dec 2013	25% - 50%	46-4325685
Scott J Bronner	Member, board of directors of enhanced capital partners, llc and enhanced capital group, llc	1 Dec 2013	Other	4973908
James Robert Matthews	Member, board of directors of enhanced capital partners, llc and enhanced capital group, llc	1 Dec 2013	Other	5878068
Scott Jonathan Bronner	Member, board of directors	1 Dec 2013	Other	4973908

Indirect Owners

The SEC currently registers 20 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
L.P. Trident Capital V	General partner	1 Dec 2008	Other	98-0613068
Llc Cd Trident V	General partner	1 Dec 2008	Other	45-2841940
Llc Jc Trident V	General partner	1 Dec 2008	Other	45-2842082
Llc Dw Trident V	General partner	1 Dec 2008	Other	45-2842131
Llc Nz Trident V	General partner	1 Dec 2008	Other	45-2842175
James Dawson Carey	Managing member	1 Dec 2008	75% - 100%	2656436
David Jay Wermuth	Managing member	1 Dec 2008	75% - 100%	5473034
Nicolas David Zerbib	Managing member	1 Dec 2008	75% - 100%	5473031
Charles Arthur Davis	Managing member	1 Dec 2008	75% - 100%	816660
Reliance Trust Company	Trustee	1 Feb 2009	Other	58-1428634
Katie Herron Gambill	Managing member	1 Jul 2010	25% - 50%	217177
Dennis C Bottorff	Managing member	1 Jul 2010	25% - 50%	2924898
L.P. Trident Capital V Pf	General partner	1 Dec 2011	Other	00-0000000
Llc Cd Trident V	General partner	1 Dec 2011	Other	45-2841940
Llc Jc Trident V	General partner	1 Dec 2011	Other	45-2842082
Llc Dw Trident V	General partner	1 Dec 2011	Other	45-2842131
Llc Nz Trident V	General partner	1 Dec 2011	Other	45-2842175
Llc Enhanced Capital Partners	Sole member	1 Dec 2013	75% - 100%	170236
L.P. Trident V	Member	1 Dec 2013	50% - 75%	09-0613069
L.P. Trident V Parallel Fund	Member	1 Dec 2013	25% - 50%	98-0658572

Based in New York

The principal office where Enhanced Capital Partners, LLC performs its advisory services is located at 600 Lexington Avenue, New York, NY 10022 4637, which is also the mailing address of the firm. An additional office of the firm is in Jackson, WY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-207-3385 or by fax 212-207-9031. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at enhancedcapital.com and its LinkedIn profile.