Needham Capital Management, LLC (New York)

Name: Needham Capital Management, LLC
Address: 250 Park Ave, New York, NY, 10177
Telephone: 212-371-8300

Needham Capital Management, LLC is a related adviser based in New York. It manages $547.99 thousand of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2015.

Needham Capital Management provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Needham Capital Management: assets under management

The assets under management (AUM) of Needham Capital Management, LLC is $547.99 thousand, all of which is managed in discretionary accounts. The firm's AUM has gone down by -95% since the beginning of its operation, and $547.99 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $547.99 thousand in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $182.66 thousand each.

Needham Capital Management has custody of $547.99 thousand in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Needham Capital Management, LLC for their services and products based on a percentage of assets under management. 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 Needham Capital Management serves?

The only and largest group of clients of Needham Capital Management is pooled investment vehicles with 3 clients and $547.99 thousand of assets under management. Among the 2 most similar advisory firms, Needham Capital Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $547.99 thousand for 3 clients. None of the firm’s clients are foreign persons or businesses.

Needham Capital Management also advises several private funds. Namely, three private equity funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Needham Capital Management, LLC

The company employs 7 people that are either part- or full-time employees. 29 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
George Austin Needham	Managing member	1 Jan 1998	Other	345542
John Joseph Prior	Managing member	1 Jan 1998	Other	1076802
James William Giangrasso	Principal - chief financial officer	1 Jan 1998	Other	4335088
James Michael Abbruzzese	Managing director, chief compliance officer	1 Jul 1998	Other	2960715
Thomas Patrick Shanahan	Managing member	1 Dec 2002	Other	419791
Llc Needham Asset Management	Member	1 May 2006	75% - 100%	03-0588921

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. The Needham Group	Member	1 Dec 2004	75% - 100%	81-0664678
George Austin Needham	Shareholder	1 Dec 2004	25% - 50%	345542
Llc Needham Holdings	Member	1 May 2006	75% - 100%	81-0664683

Based in New York

The principal office where Needham Capital Management, LLC performs its advisory services is located at 250 Park Ave, New York, NY 10177, 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 212-371-8300 or by fax 212-705-0283. The normal business hours are 9:00am-5:00pm est on Monday - Friday. You can find more information about the New York firm at needhamcapital.com.