Medley Capital LLC (New York)

Name: Medley Capital LLC
Address: 280 Park Avenue, New York, NY, 10017
Telephone: 212-759-0777

Medley Capital LLC is a large advisory firm based in New York. It manages $2.3 billion of regulatory assets for 25 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of California.

Medley Capital 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.

Medley Capital: assets under management

The assets under management (AUM) of Medley Capital LLC is $2.3 billion. The firm's AUM has grown by 116% since the beginning of its operation, and $96.61 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.09 billion in discretionary accounts and $1.22 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $98.8 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $86.84 million.

Medley Capital has custody of $720 million in cash and securities for 11 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 99% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Medley Capital 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 Medley Capital serves?

The firm provides services to insurance companies, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Medley Capital is insurance companies with 14 clients and $1.65 billion of assets under management. Among the 4 most similar advisory firms, Medley Capital has the highest percentage of insurance companies out of all clients.

The amount of regulatory assets under management is $2.3 billion for 25 clients. 4% of the firm’s clients are foreign persons or businesses.

Medley Capital also advises several private funds. Namely, ten private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $10,000,000.

Careers at Medley Capital LLC

The company employs 67 people that are either part- or full-time employees. 48 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
Brook Bulger Taube	Manager of medley capital llc	1 Feb 2006	Other	2564596
Seth Bulger Taube	Manager of medley capital llc	1 Feb 2006	Other	2378907
Andrew Dodd Fentress	Manager	1 Feb 2006	Other	2759511
Medley Llc	Member of medley capital llc	1 Apr 2010	75% - 100%	27-2437343
Richard Thomas Allorto	Chief financial officer of medley capital llc	1 Jul 2010	Other	5820810
Medley Llc	Member of mof ii management llc (relying adviser)	1 Nov 2010	75% - 100%	27-3770392
Brook Bulger Taube	Manager of mof ii management llc (relying adviser)	1 Nov 2010	Other	2564596
Seth Bulger Taube	Manager of mof ii management llc (relying adviser)	1 Nov 2010	Other	2378907
Andrew Dodd Fentress	Manager of mof ii management llc (relying adviser)	1 Nov 2010	Other	2759511
John Donnan Fredericks	Chief compliance officer medley capital llc	1 Mar 2014	Other	6312238
Brook Bulger Taube	Manager of mof iii management llc (relying adviser)	1 Jun 2014	Other	2564596
Seth Bulger Taube	Manager of mof iii management llc (relying adviser)	1 Jun 2014	Other	2378907
Medley Llc	Member of mof iii management llc (relying adviser)	1 Jun 2014	75% - 100%	27-3770392
Jeffrey Bennett Tonkel	Manager mof ii management llc (relying adviser)	1 Jun 2014	Other	3177884
Brook Bulger Taube	Manager of mcof management llc (relying adviser)	1 Jun 2016	Other	2564596
Seth Bulger Taube	Manager of mcof management llc (relying adviser)	1 Jun 2016	Other	2378907
Medley Llc	Member of mcof management llc (relying adviser)	1 Jun 2016	75% - 100%	27-3770392
Brook Bulger Taube	Manager of medley (aspect) management llc (relying adviser)	1 Dec 2016	Other	2564596
Seth Bulger Taube	Manager of medley (aspect) management llc (relying adviser)	1 Dec 2016	Other	2378907
Medley Llc	Member of medley (aspect) management llc (relying adviser)	1 Dec 2016	75% - 100%	27-3770392
Jeffrey Bennett Tonkel	Manager of mcof management llc (relying adviser)	1 Jun 2017	Other	3177884
Jeffrey Bennett Tonkel	Manager of medley (aspect) management llc (relying adviser)	1 Dec 2017	Other	3177884

Indirect Owners

The SEC currently registers 12 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Brook Bulger Taube	Member	1 Oct 2001	50% - 75%	2564596
Seth Bulger Taube	Member	1 Oct 2001	50% - 75%	2378907
Andrew Dodd Fentress	Member	1 Jan 2006	75% - 100%	2759511
Bernard Leon Schwartz	Member	1 Feb 2008	75% - 100%	5795788
T3 Group Llc	Member	1 Apr 2010	50% - 75%	91-2159439
Windsor Advisors Llc	Member	1 Apr 2010	25% - 50%	20-4231224
Smh Partners Llc	Member	1 Apr 2010	25% - 50%	26-2273530
Brook Taube Trust	Member	1 Jul 2011	25% - 50%	xxx-xx-xxxx
Seth And Angie Taube Trust	Member	1 Jul 2011	25% - 50%	xxx-xx-xxxx
Brook Bulger Taube	Trustee	1 Sep 2014	Other	2564596
Seth Bulger Taube	Trustee	1 Sep 2014	Other	2378907
Medley Management Inc.	Managing member	1 Sep 2014	Other	47-1130638

Based in New York

The principal office where Medley Capital LLC performs its advisory services is located at 280 Park Avenue, New York, NY 10017, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-759-0777 or by fax 212-759-0091. The normal business hours are 9:00 am - 5:00 pm et on Monday - Friday. You can find more information about the New York firm at mdly.com.