Concise Capital Management, LP (Miami)

Name: Concise Capital Management, LP
Address: 1111 Brickell Avenue, Miami, FL, 33131
Telephone: 305-371-4578

Concise Capital Management, LP is a large advisory firm based in Miami. It manages $350.46 million of regulatory assets for 9 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of Florida.

Concise Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, 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.

Concise Capital Management: assets under management

The assets under management (AUM) of Concise Capital Management, LP is $350.46 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 826% since the beginning of its operation, and $333.3 million of the total AUM is attributable to clients outside of the United States.

The firm manages $350.46 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $38.94 million each.

Concise Capital Management has custody of $86.49 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-investment grade corporate bonds the most. They account for 72% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 9% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Concise Capital Management, LP for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Concise Capital Management serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Concise Capital Management is pooled investment vehicles with 4 clients and $168.91 million of assets under management. Among the 8 most similar advisory firms, Concise Capital Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $186.04 million for 5 clients. 67% of the firm’s clients are foreign persons or businesses.

Concise Capital Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $100,000 for each fund.

Careers at Concise Capital Management, LP

The company employs 11 people that are either part- or full-time employees. 45 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 compensates 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
Llc Concise Capital Management	General partner	1 Mar 2004	Other	51-0500567
Glenn Scott Koach	Limited partner, president and portfolio manager	1 May 2004	Other	1420157
Thomas Peter Krasner	Principal and portfolio manager	1 May 2004	Other	2790085
Dated September 10 2003 The Thomas P. Krasner Revocable Trust	Limited partner	1 May 2004	Other	65-6417467
Llc Canepa Concise Holdings	Limited partner	1 Oct 2012	25% - 50%	46-1469848
Gabrielle Yvette Garcia	Chief compliance officer	1 Nov 2014	Other	6469235
Yuko Koach	Limited partner	1 Dec 2016	Other	6773340

Indirect Owners

The SEC currently registers 16 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Peter Krasner	Trustee	1 Sep 2003	75% - 100%	2790085
Glenn Scott Koach	Member	1 Mar 2004	25% - 50%	1420157
Dated September 10 2003 The Thomas P. Krasner Revocable Trust	Member	1 Mar 2004	25% - 50%	65-6417467
Elias Esber	Member	1 Jan 2010	75% - 100%	5831766
Llc Hp Us Partners	Member	1 Jan 2010	50% - 75%	27-0696666
Llc Heisenberg Global Partners	Member	1 Oct 2012	75% - 100%	27-1755800
Ctp (Bvi) Holdings Limited	Shareholder	1 Dec 2012	75% - 100%	1629215
Francisco Felix Rodriguez	Shareholder	1 Aug 2013	75% - 100%	5833980
Kian Esteghamat	Shareholder	1 Jan 2014	75% - 100%	6087646
Llc Heisenberg Global Partners	Owner	1 Nov 2014	75% - 100%	27-1755800
Canepa Global Managers Scs	Member	1 Dec 2017	75% - 100%	b221134
S.à R.L. Spf Ctp International Partners	Limited partner	1 Dec 2017	50% - 75%	b173791
S.à R.L. Cgm Partners	General partner	1 Dec 2017	Other	b220780
Raices International Spf S.à R.L.	Shareholder	1 Dec 2017	25% - 50%	b179945
Bltm Global Holdings S.à R.L. Spf	Shareholder	1 Dec 2017	25% - 50%	b183818
Elias E (Mi Only) Esber	Shareholder	1 Dec 2017	50% - 75%	5831766

Based in Miami

The principal office where Concise Capital Management, LP performs its advisory services is located at 1111 Brickell Avenue, Miami, FL 33131, which is also the mailing address of the firm. An additional office of the firm is in Los Angeles, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 305-371-4578 or by fax 305-503-8839. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at concisecapital.com.