Palmer Square Capital Management LLC (Mission Woods)

Name: Palmer Square Capital Management LLC
Address: 1900 Shawnee Mission Parkway, Mission Woods, KS, 66205
Telephone: 816-994-3200

Palmer Square Capital Management LLC is a large advisory firm based in Mission Woods. It manages $8.35 billion of regulatory assets for 97 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Delaware and Kansas.

Palmer Square Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and collateral manager for clos/cdos. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Palmer Square Capital Management: assets under management

The assets under management (AUM) of Palmer Square Capital Management LLC is $8.35 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 5313% since the beginning of its operation, and $5.93 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $8.35 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $86.11 million each.

Palmer Square Capital Management has custody of $751.83 million in cash and securities for 10 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 63% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 14% of the firm’s portfolio. Investments in investment grade corporate bonds form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Palmer Square 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 Christopher Dale Long serves?

The firm provides services to investment companies, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Christopher Dale Long is pooled investment vehicles with 33 clients and $6.74 billion of assets under management. Among the 8 most similar advisory firms, Palmer Square Capital Management has the 3rd lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $8.22 billion for 61 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 33% of the firm’s clients are foreign persons or businesses.

Palmer Square Capital Management also advises several private funds. Namely, seven hedge funds, one other private fund, and thirteen securitized asset funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $1,000,000.

Careers at Palmer Square Capital Management LLC

The company employs 29 people that are either part- or full-time employees. 55 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Christopher Dale Long has been acting as President since 1 Dec 2009. Angie K. Long has served as the Chief Investment Officer since 1 Feb 2011 and Martin Christopher Bicknell is the Chief Executive Officer of Palmer Square Capital Management LLC family office. Llc Bicknell Family Holding Company joined the executive team most recently as the Managing Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Christopher Dale Long	President	1 Dec 2009	25% - 50%	4821076
Martin Christopher Bicknell	Chief executive officer	1 Dec 2009	Other	2007121
Gary Paul Henson	Chief investment officer	1 Dec 2009	Other	2130871
Llc Montage Investments	Managing member	1 Jan 2010	50% - 75%	152607
Braden Martin Perry	Chief compliance officer	1 Oct 2010	Other	5782256
Angie K. Long	Chief investment officer	1 Feb 2011	Other	4016555
Angie K. Long	Chief investment officer	1 Mar 2011	Other	4016555
Cheryl Renee Vohland	Chief compliance officer	1 Aug 2011	Other	4906804
Cheryl Renee Vohland	Chief strategy officer	1 Sep 2013	Other	4906804
Anne Jenelle Pleviak	Chief compliance officer	1 Sep 2013	Other	5736231
Anne Jenelle Dorian	Chief compliance officer	1 Sep 2013	Other	5736231
Scott A Betz	Chief compliance officer, chief operating officer	1 Mar 2018	Other	5907642
Llc Palmer Square Holdings	Managing member	1 Jan 2019	75% - 100%	83-2717685
Matthew Lee Bloomfield	Managing director/portfolio manager	1 Apr 2019	Other	4752990

Indirect Owners

The SEC currently registers 9 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Martin Christopher Bicknell	Elected manager	1 Jul 2007	Other	2007121
Llc Bicknell Family Holding Company	Member	1 Apr 2008	75% - 100%	26-0534255
Bicknell Family Management Company Trust	Managing member	1 Jun 2009	Other	20-7480290
Martin Christopher Bicknell	Trustee	1 Jun 2009	Other	2007121
William Allen Freeman	Trustee	1 Jun 2009	Other	5682255
Llc Mariner Holdings	Managing member	1 Jan 2010	75% - 100%	26-2766689
Christopher Dale Long	Managing member	1 Oct 2018	50% - 75%	4821076
Angie K Long	Managing member	1 Oct 2018	50% - 75%	4016555
Llc Bicknell Family Holding Company	Managing member	1 Jun 2209	75% - 100%	26-0534255

Based in Mission Woods

The principal office where Palmer Square Capital Management LLC performs its advisory services is located at 1900 Shawnee Mission Parkway, Mission Woods, KS 66205, 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 816-994-3200 or by fax 913-647-9733. The normal business hours are 8:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at palmersquarecap.com.