1505 Capital LLC (New York)

1505 Capital LLC is a mid-sized advisory firm based in New York. It manages $30.58 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of New York.

1505 Capital provides portfolio management for businesses and institutional clients and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

1505 Capital: assets under management

The assets under management (AUM) of 1505 Capital LLC is $30.58 million. The company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay 1505 Capital LLC for their services and products based on a percentage of assets under management 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.

Careers at 1505 Capital LLC

The company employs 3 people that are either part- or full-time employees. 67 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.

Richard Ronald Vecchiolla has been acting as President since 1 Feb 2019. Midwest Holding Inc. joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Aurora Financial Services Inc.	Member	1 Apr 2018	25% - 50%	82-5410023
Vespoint Llc	Owner	1 Apr 2018	25% - 50%	35-2629227
Ironbound Financial Services Inc.	Owner	1 Apr 2018	50% - 75%	82-5410023
Aurora Financial Services Inc.	Member	1 Aug 2018	25% - 50%	82-5410023
Eric J Del Monaco	President	1 Aug 2018	Other	4180246
Gery Joseph Sadzewicz	Chief compliance officer	1 Sep 2018	Other	1090963
Midwest Holdings Inc.	Member	1 Jan 2019	50% - 75%	20-0362426
Richard Ronald Vecchiolla	President	1 Feb 2019	Other	1948625
Michael Wayne Minnich	Executive officer	1 Feb 2019	Other	3236923
Anthony Michael Salem	Executive officer	1 Feb 2019	Other	6709152
Midwest Holding Inc.	Member	1 Apr 2019	50% - 75%	20-0362426

Indirect Owners

The SEC currently registers 10 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Rendezvous Capital Llc	Owner	1 Apr 2018	25% - 50%	27-3032758
Ams Advisors Llc	Owner	1 Apr 2018	25% - 50%	xxx-xx-xxxx
Ironbound Ventures Llc	Owner	1 Apr 2018	50% - 75%	45-1021165
Eric J Del Monaco	Owner	1 Apr 2018	75% - 100%	4180246
Anthony Michael Salem	Owner	1 Apr 2018	75% - 100%	6709152
Michael Wayne Minnich	Owner	1 Apr 2018	75% - 100%	3236923
Aurora Structuring Advisors Llc	Owner	1 Aug 2018	25% - 50%	46-3187838
Richard Ronald Vecchiolla	Owner	1 Aug 2018	75% - 100%	1948625
Aurora Structuring Advisors Llc	Owner	1 Jan 2019	75% - 100%	82-5410023
Richard Ronald Vecchiolla	Owner	1 Jan 2019	75% - 100%	1948625

Based in New York

The principal office where 1505 Capital LLC performs its advisory services is located at 100 Wall Street, 28 Th Floor, New York, NY 10005, 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 917-993-0895. The normal business hours are 8am - 5pm on Monday - Friday.