Elliott Cove Capital Management LLC (Seattle)

Name: Elliott Cove Capital Management LLC
Address: 1000 Second Avenue, Seattle, WA, 98104
Telephone: 206-267-2683

Elliott Cove Capital Management LLC is a large advisory firm based in Seattle. It manages $189.75 million of regulatory assets for 1,010 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Alaska, Arizona, California, and 4 other states.

Elliott Cove Capital Management provides portfolio management for individuals and small businesses 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.

Elliott Cove Capital Management: assets under management

The assets under management (AUM) of Elliott Cove Capital Management LLC is $189.75 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 584% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $189.75 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $187.87 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 99% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Elliott Cove Capital Management LLC for their services and products based on a percentage of assets under management. 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 Elliott Cove Capital Management serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Elliott Cove Capital Management is pension and profit sharing plans with 35 clients and $81.51 million of assets under management. Among the 12 most similar advisory firms, Elliott Cove Capital Management has the 2nd highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $189.24 million for 859 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Elliott Cove Capital Management doesn't advise any private funds.

Careers at Elliott Cove Capital Management LLC

The company employs 16 people that are either part- or full-time employees. 94 percent of the employees work as investment advisers or researchers. 15 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.

Ralph Dominick Chiocco joined the executive team most recently as the Manager President & Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Northrim Investment Services Company	Member - owner	1 Nov 2002	25% - 50%	48-1286846
Gallagher Ec Llc	Chairman	1 Nov 2002	25% - 50%	91-1621930
Lynn Ross Vanhouten	Executive vice president	1 Nov 2002	Other	2255732
Joseph James Gallagher	Chairman & ceo	1 Nov 2002	Other	4803816
Joseph James Gallagher	Chairman & ceo	1 Nov 2003	Other	4803816
Victor Dick Ruiz	Manager - chief compliance officer & senior vice president	1 Apr 2004	Other	4347682
Ralph Dominick Chiocco	Chief operating officer	1 Jun 2004	Other	3210599
Cashel House Investments Llc	Member owner	1 Nov 2006	25% - 50%	71-0919340
Chiocco Ec Investments	Member owner	1 Jan 2007	Other	90-0368976
Joseph James Gallagher	Manager - chairman	1 Jan 2011	Other	4803816
Bruce Michael Pym	Chief executive officer	1 Jan 2011	Other	5847870
Bruce Pym Company Llc	Member owner	1 Jan 2011	Other	26-1559033
Ralph Dominick Chiocco	Manager - president	1 Jan 2013	Other	3210599
Ralph Dominick Chiocco	Manager - president & chief compliance officer	1 Nov 2016	Other	3210599

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Northrim Bancorp Inc.	Member	1 Nov 2002	75% - 100%	92-0175752
Gallagher & Company	Member	1 Nov 2002	75% - 100%	91-1567081
Ralph Dominick Chiocco	Member owner	1 Jan 2007	Other	3210599
Ralph D. Chiocco	Member owner	1 Jan 2007	Other	90-0368976
Cashel House Investments Llc	Direct owner	1 Aug 2015	75% - 100%	71-0919340
Joseph James Gallagher	Direct owner	1 Aug 2015	75% - 100%	4803816
J. James Gallagher	Direct owner	1 Aug 2015	75% - 100%	71-0919340

Based in Seattle

The principal office where Elliott Cove Capital Management LLC performs its advisory services is located at 1000 Second Avenue, Seattle, WA 98104, which is also the mailing address of the firm. An additional office of the firm is in Anchorage, AK. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 206-267-2683 or by fax 206-267-1967. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at elliottcove.com and its LinkedIn profile.