1492 Capital Management, LLC (Milwaukee)

Name: 1492 Capital Management, LLC
Address: 309 North Water Street, Milwaukee, WI, 53202
Telephone: 414-276-1492

1492 Capital Management, LLC is a large advisory firm based in Milwaukee. It manages $123.18 million of regulatory assets for 98 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Pennsylvania and Wisconsin.

1492 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.

1492 Capital Management: assets under management

The assets under management (AUM) of 1492 Capital Management, LLC is $123.18 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 981% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $123.18 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.26 million each.

Investments

The firm invests in exchange traded securities the most. They account for 91% of the total AUM. The second-largest asset type is investment and business development companies, which make up 7% of the firm’s portfolio. Investments in investment grade corporate bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay 1492 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 1492 Capital Management serves?

The firm provides services to charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of 1492 Capital Management is high net worth individuals with 83 clients and $76.86 million of assets under management. Among the 8 most similar advisory firms, 1492 Capital Management has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $123.04 million for 95 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.

1492 Capital Management doesn't advise any private funds.

Careers at 1492 Capital Management, LLC

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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
Timothy Terrill Stracka	Managing member	1 Sep 2008	Other	1241682
Joseph Anthony Frohna	Managing member	1 Sep 2008	25% - 50%	2545291
Hawthorne Partners	Member	1 Sep 2008	25% - 50%	251773636
Brian Keith Andrew	Chief compliance officer	1 Oct 2008	Other	2240211
Robert Carl Damron	Member	1 Mar 2011	Other	2248295
Duc Rodney Hathaway	Managing member	1 Mar 2011	Other	2441358
Adam Michael France	Member	1 Mar 2011	Other	2921403
Ly Khanh Nguyen	Chief compliance officer	1 Mar 2011	Other	5493733
Nancy Elain Frohna	Chief operations officer	1 Mar 2011	Other	4749728
Nancy Elain Frohna	Chief compliance officer / chief operations officer	1 May 2013	Other	4749728

Indirect Owners

The SEC currently registers 18 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Henry Jr. Posner	General partner	1 Sep 1995	75% - 100%	5609737
Estate Of Henry Jr. Posner	General partner	1 Sep 1995	75% - 100%	5609737
Rosetta Capital Llc	General partner	1 Jun 2001	Other	233085180
Thomas D Wright	Member	1 Jun 2001	50% - 75%	5499967
Rosetta Capital Partners Lp	General partner	1 Aug 2001	25% - 50%	251893663
Thomas D Wright	Limited partner	1 Aug 2001	50% - 75%	5499967
Rosetta Capital Lp	General partner	1 Aug 2001	25% - 50%	251893663
Henry Posner	Member	1 Oct 2011	25% - 50%	6061705
James Posner	Member	1 Oct 2011	25% - 50%	6061710
Paul Posner	Member	1 Oct 2011	25% - 50%	6061709
Hjp Acquisition L.P.	General partner	1 Feb 2012	75% - 100%	45-3730457
Henry Posner	Limited partner	1 Feb 2012	25% - 50%	6061705
James Posner	Limited partner	1 Feb 2012	25% - 50%	6061710
Paul Posner	Limited partner	1 Feb 2012	25% - 50%	6061709
Llc Hjp 2011	General partner	1 Feb 2012	Other	45-3730426
Lp Hjp Acquisition	General partner	1 Jan 2015	75% - 100%	45-3730457
Lp Blair Oak Investments	General partner	1 Jan 2015	25% - 50%	27-4115547
Hawthorne Partners Ii	Managing member	1 Jan 2015	75% - 100%	27-4355061

Based in Milwaukee

The principal office where 1492 Capital Management, LLC performs its advisory services is located at 309 North Water Street, Milwaukee, WI 53202, 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 414-276-1492 or by fax 414-224-9158. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at 1492capitalmanagement.com.