Second Avenue Capital
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$5,000,000
Clients
2
100% high-net-worth
Advisors
1
of 1 employees
Firm type
Independent
1 advisor with up to 2 employees
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
2
Very LowAverage account size
$2,500,000
About
Second Avenue Capital provides discretionary investment management to both institutional and individual clients and delivers regular reporting and reviews, typically on a quarterly basis. The firm charges asset-based fees and conducts periodic performance and portfolio-composition reviews as part of its client reporting.
The firm follows a value-oriented, research-driven approach that seeks out-of-favor and underfollowed companies trading below what it estimates to be fair market value, and it relies on public filings, sell-side research, company contacts and proprietary computer analysis. Trading implementation can include ETFs, exchange-listed master limited partnerships, restricted securities, private placements and IPO allocations, with order “bunching” and pro-rata (or adjusted) allocations used to execute block trades.
Notably, the firm operates at a very small scale with a preferred minimum account size of $500,000 and manages a limited number of accounts under a single portfolio manager, and it offers performance-based fee arrangements to qualifying high-net-worth clients that must meet minimum net-worth criteria and comply with Rule 205-3. The firm also assumes the uncommon role of acting as a qualified custodian for client assets, a capability that is rare among independent advisory firms.
Client services
Portfolio management
Consultant to investment advisor
Expertise
Active portfolio management
Private / alternative investments
Fee options
1% of assets, negotiable and may be waived
Charged on a minimum time period of one year; available only to clients with a net worth of at least $1,500,000 at the time of agreement
Account minimum: $500,000
Main office location
Second Avenue Capital
60 South 6 Th Street, Suite 2560
Minneapolis MN 55402, United States
Number of offices
2
Most active in
Second Avenue Capital has reported serving >5 clients in these states in the last 12 months.
Minnesota
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
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