Matheys Lane Capital Management L.P. (Providence)

Matheys Lane Capital Management L.P. is a large advisory firm based in Providence. It manages $1.05 billion of regulatory assets for 487 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdiction of Rhode Island.

Matheys Lane 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.

Matheys Lane Capital Management: assets under management

The assets under management (AUM) of Matheys Lane Capital Management L.P. is $1.05 billion. The firm's AUM has grown by 96% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $597.63 million in discretionary accounts and $451.52 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.65 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.64 million.

Matheys Lane Capital Management has custody of $124.97 million in cash and securities for 7 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 43% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 28% of the firm’s portfolio. Investments in other assets form 21% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Matheys Lane Capital Management L.P. 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 Matheys Lane Capital Management serves?

The firm provides services to charitable organizations, high net worth individuals, and pooled investment vehicles. The largest group of clients of Matheys Lane Capital Management is high net worth individuals with 7 clients and $1.01 billion of assets under management. Among the 8 most similar advisory firms, Matheys Lane Capital Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.05 billion for 25 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.

Matheys Lane Capital Management also advises several private funds. Namely, one real estate fund and fourteen private equity funds. The minimum investment commitment required of non-related persons is $1 for each fund.

Careers at Matheys Lane Capital Management L.P.

The company employs 8 people that are either part- or full-time employees. 63 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Heather Deering Crosby	Managing director, limited partner	1 Oct 2008	75% - 100%	2888750
Hdc Capital Llc	General partner	1 Oct 2008	Other	80-0269126
Barbara Jo Princiotta	Managing director	1 Dec 2008	Other	5655621
Barbara J Princiotta	Managing director	1 Dec 2008	Other	5655621
Samuel Porter Callard	Vice president, chief compliance officer	1 Jun 2010	Other	5811203
Anne Marie Fink	Managing director, chief investment officer, chief compliance officer	1 Jul 2016	Other	5484048
Greg Matthew Bastia	Controller and chief compliance officer	1 Jun 2017	Other	6821379
Michael Buckner Sweeny	Managing director, chief investment officer	1 Apr 2018	Other	2927927

Based in Providence

The principal office where Matheys Lane Capital Management L.P. performs its advisory services is located at 10 Memorial Boulevard, Providence, RI 02903, 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 401-262-4600 or by fax 401-421-1177. The normal business hours are 8:30 a.m. - 5:30 p.m. on Monday - Friday.