Sio Capital Management, LLC (New York)

Name: Sio Capital Management, LLC
Address: 535 Fifth Avenue, New York, NY, 10017
Telephone: 212-601-9786

Sio Capital Management, LLC is a large advisory firm based in New York. It manages $614.77 million of regulatory assets for 7 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of New York.

Sio Capital Management provides 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.

Sio Capital Management: assets under management

The assets under management (AUM) of Sio Capital Management, LLC is $614.77 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 1708% since the beginning of its operation, and $226.88 million of the total AUM is attributable to clients outside of the United States.

The firm manages $614.77 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $87.82 million each.

Sio Capital Management has custody of $305.51 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 70% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 29% of the firm’s portfolio. Investments in derivatives form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sio Capital Management, LLC 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 Sio Capital Management serves?

The only and largest group of clients of Sio Capital Management is pooled investment vehicles with 3 clients and $305.51 million of assets under management. Among the 11 most similar advisory firms, Sio Capital Management has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $305.51 million for 3 clients. 43% of the firm’s clients are foreign persons or businesses.

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

Careers at Sio Capital Management, LLC

The company employs 12 people that are either part- or full-time employees. 67 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
Michael Bernard Castor	Managing member	1 Mar 2006	75% - 100%	4413613
Albert Charles Vigneau	Chief financial officer and chief compliance officer	1 Mar 2011	Other	6172337
Albert Vigneau	Chief financial officer and chief compliance officer	1 Mar 2011	Other	6172337
Judah Zvi Drillick	Chief compliance officer	1 Jul 2015	Other	6531270

Based in New York

The principal office where Sio Capital Management, LLC performs its advisory services is located at 535 Fifth Avenue, New York, NY 10017, 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 212-601-9786 or by fax 212-257-7046. The normal business hours are 9 am - 5 pm on Monday - Friday. You can find more information about the New York firm at siocapital.com.