Blackcrane Capital, LLC is a large advisory firm based in Bellevue. It manages $650.72 million of regulatory assets for 17 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of New York and Washington.
Blackcrane Capital 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.
The assets under management (AUM) of Blackcrane Capital, LLC is $650.72 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 532% since the beginning of its operation, and $46 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Blackcrane Capital, LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. 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.
The firm provides services to investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Blackcrane Capital is investment companies with 3 clients and $346.09 million of assets under management. Among the 8 most similar advisory firms, Blackcrane Capital has the 2nd highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $650.72 million for 17 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 16% of the firm’s clients are foreign persons or businesses.
Blackcrane Capital also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $100,000 for each fund.
The company employs 9 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person 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.
The principal office where Blackcrane Capital, LLC performs its advisory services is located at 500 108 Th Avenue Ne, Bellevue, WA 98004, 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 425-502-7589 or by fax 425-491-7744. 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 blackcranecap.com.