Del Sette Capital Management, LLC (Schenectady)


Del Sette Capital Management, LLC is a mid-sized advisory firm based in Schenectady. It manages $74.75 million of regulatory assets for 535 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of New Hampshire, New York, and Texas.

Del Sette Capital Management provides financial planning services, portfolio management for individuals and small businesses, and tax preparation. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Del Sette Capital Management: assets under management

The assets under management (AUM) of Del Sette Capital Management, LLC is $74.75 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 58% since the beginning of its operation, and $346.26 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $74.75 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $139.72 thousand each.
Del Sette Capital Management has custody of $10.87 million in cash and securities for 47 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 69% of the total AUM. The second-largest asset type is investment and business development companies, which make up 23% of the firm’s portfolio. Investments in other assets form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Del Sette Capital Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Del Sette Capital Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Del Sette Capital Management is individuals with 157 clients and $43.93 million of assets under management. Among the 2 most similar advisory firms, Del Sette Capital Management has the lowest percentage of individuals out of all clients.

The amount of regulatory assets under management is $74.75 million for 170 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.

Del Sette Capital Management doesn't advise any private funds.

Careers at Del Sette Capital Management, LLC

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 2 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
Hermes William Del Sette Managing member/chief compliance officer 1 Nov 2011 75% - 100% 3098267
Iii Hermes William Del Sette Managing member/chief compliance officer 1 Nov 2011 75% - 100% 3098267

Based in Schenectady

The principal office where Del Sette Capital Management, LLC performs its advisory services is located at 1332 Union St., Schenectady, NY 12308, 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 518-793-3851 or by fax 518-824-1124. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at del-sette.com and its LinkedIn profile.