Gables Capital Management Inc (Miami)


Gables Capital Management Inc is a large advisory firm based in Miami. It manages $355.9 million of regulatory assets for 347 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Louisiana, and Texas.

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

Gables Capital Management: assets under management

The assets under management (AUM) of Gables Capital Management Inc is $355.9 million. The firm's AUM has grown by 240% since the beginning of its operation, and $890.83 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $351.23 million in discretionary accounts and $4.67 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.02 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.17 million.
Gables Capital Management has custody of $14.58 million in cash and securities for 1 client 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 investment grade corporate bonds, which make up 29% of the firm’s portfolio. Investments in state and local bonds form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Gables Capital Management Inc for their services and products based on a percentage of assets under management and performance-based 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 Eric Michael Mckenna serves?

The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Eric Michael Mckenna is corporations or other businesses with 47 clients and $187.26 million of assets under management. Among the 7 most similar advisory firms, Gables Capital Management has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $355.9 million for 140 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Gables Capital Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $100,000 for each fund.

Careers at Gables Capital Management Inc

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives 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.

Eric Michael Mckenna has been acting as President since 1 Apr 1997. Judith Cohen Neiwirth joined the executive team most recently as the Executive Vice President/Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Eric Michael Mckenna President 1 Apr 1997 50% - 75% 1382609
Judith Cohen Neiwirth Executive vice president/chief compliance officer 1 Sep 1997 50% - 75% 1005478
Judith Cohen Lewinter Executive vice president 1 Sep 1997 25% - 50% 1005478

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Philip A. Sigel Executive vice president, director 1 Apr 1997 25% - 50% 4360418

Based in Miami

The principal office where Gables Capital Management Inc performs its advisory services is located at 801 Brickell Avenue, Suite 2320, Miami, FL 33131, 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 305-374-9121 or by fax 305-374-2399. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at gablescapital.com.