Optimist Capital LLC (Palm Beach Gardens)

Name: Optimist Capital LLC
Address: 2401 Pga Blvd, Palm Beach Gardens, FL, 33410
Telephone: 5617718077

Optimist Capital LLC is an adviser based in Palm Beach Gardens. It manages $10 million of regulatory assets for 28 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California and Florida.

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

Optimist Capital: assets under management

The assets under management (AUM) of Optimist Capital LLC is $10 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 67% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $10 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $357.14 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 80% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 20% of the firm’s portfolio.

Fees & Commissions

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

What kind of clients Optimist Capital serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Optimist Capital is high net worth individuals with 4 clients and $7 million of assets under management. Among the 4 most similar advisory firms, Optimist Capital has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $10 million for 14 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.

Optimist Capital doesn't advise any private funds.

Careers at Optimist Capital LLC

The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There’s a single person 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
Alexander Runels Cooke	Managing director	1 Dec 2017	75% - 100%	4325623

Based in Palm Beach Gardens

The principal office where Optimist Capital LLC performs its advisory services is located at 2401 Pga Blvd, Palm Beach Gardens, FL 33410, 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 5617718077 or by fax 5617711145. The normal business hours are 8am - 6pm on Monday - Friday. You can find more information about the New York firm at facebook.com/optimistcapital.