Requisite Capital Management LLC (Dallas)

Name: Requisite Capital Management LLC
Address: 2100 Ross Avenue, Dallas, TX, 75201
Telephone: (214) 295-7155

Requisite Capital Management LLC is a large advisory firm based in Dallas. It manages $799.22 million of regulatory assets for 304 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Colorado, Louisiana, Nebraska, and Texas.

Requisite Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Requisite Capital Management: assets under management

The assets under management (AUM) of Requisite Capital Management LLC is $799.22 million. The firm's AUM has grown by 377% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $210.58 million in discretionary accounts and $588.64 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $791.64 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $15.49 million.

Requisite Capital Management has custody of $107.15 million in cash and securities for 18 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 75% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 19% of the firm’s portfolio. Investments in investment and business development companies form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Requisite Capital Management LLC for their services and products based on a percentage of assets under management, fixed fees, 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 Requisite Capital Management serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Requisite Capital Management is high net worth individuals with 44 clients and $764.57 million of assets under management. Among the 7 most similar advisory firms, Requisite Capital Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $785.71 million for 55 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.

Requisite Capital Management also advises several private funds. Namely, one private equity fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Requisite Capital Management LLC

The company employs 5 people that are either part- or full-time employees. 80 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
Douglas Geoffrey John	Member	1 Jun 2017	75% - 100%	2813648
David Jason Schnier	Chief compliance officer	1 Jun 2017	Other	5110928
Bryn Basiardanes Talkington	Chief compliance officer	1 Jun 2018	Other	2466264

Based in Dallas

The principal office where Requisite Capital Management LLC performs its advisory services is located at 2100 Ross Avenue, Dallas, TX 75201, which is also the mailing address of the firm. An additional office of the firm is in Houston, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (214) 295-7155 or by fax (214) 295-8253. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at requisitecm.com.