Congress Park Capital LLC (Saratoga Springs)

Name: Congress Park Capital LLC
Address: 57 Phila Street, Saratoga Springs, NY, 12866
Telephone: (518) 339-4335

Congress Park Capital LLC is a large advisory firm based in Saratoga Springs. It manages $181.2 million of regulatory assets for 87 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of California, Connecticut, and New York.

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

Congress Park Capital: assets under management

The assets under management (AUM) of Congress Park Capital LLC is $181.2 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 303% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $181.2 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.08 million each.

Congress Park Capital has custody of $38.55 million in cash and securities for 16 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 58% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 25% of the firm’s portfolio. Investments in state and local bonds form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Congress Park 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 Congress Park Capital serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Congress Park Capital is high net worth individuals with 30 clients and $123.27 million of assets under management. Among the 9 most similar advisory firms, Congress Park Capital has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $170.65 million for 83 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.

Congress Park Capital doesn't advise any private funds.

Careers at Congress Park Capital LLC

The company employs 4 people that are either part- or full-time employees. 100 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
Emma Brodwin	Managing member and chief compliance officer	1 Apr 2009	75% - 100%	5663850
Emma Maria Brodwin	Managing member and chief compliance officer	1 Apr 2009	75% - 100%	5663850
Eric Brodwin	Managing member, chief investment officer & chief compliance officer	1 Jun 2009	75% - 100%	4595310

Based in Saratoga Springs

The principal office where Congress Park Capital LLC performs its advisory services is located at 57 Phila Street, Saratoga Springs, NY 12866, which is also the mailing address of the firm. An additional office of the firm is in Albany, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (518) 339-4335 or by fax (518) 691-8086. The normal business hours are 9am to 5 pm (est) on Monday - Friday. You can find more information about the New York firm at congressparkcapital.com/.