Texas Yale Capital Corp. (St. Petersburg)

Name: Texas Yale Capital Corp.
Address: 6475 1 St Ave South, St. Petersburg, FL, 33707
Telephone: 727-823-0006

Texas Yale Capital Corp. is a large advisory firm based in St. Petersburg. It manages $1.71 billion of regulatory assets for 106 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California, Delaware, Florida, and 5 other states.

Texas Yale Capital Corp provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Texas Yale Capital Corp: assets under management

The assets under management (AUM) of Texas Yale Capital Corp. is $1.71 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 226% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.71 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $16.16 million each.

Texas Yale Capital Corp has custody of $271.32 million in cash and securities for 9 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 80% of the total AUM. The second-largest asset type is state and local bonds, which make up 12% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Texas Yale Capital Corp. 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 Cheyne Clifford Pace serves?

The only and largest group of clients of Cheyne Clifford Pace is high net worth individuals with 106 clients and $1.71 billion of assets under management. Among the 9 most similar advisory firms, Texas Yale Capital Corp has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.71 billion for 106 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.

Texas Yale Capital Corp doesn't advise any private funds.

Careers at Texas Yale Capital Corp.

The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 4 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Cheyne Clifford Pace has been acting as President since 1 Sep 2004. Joshua Bernard Lowy joined the executive team most recently as the Principal.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Cheyne Clifford Pace	Chairman	1 Sep 2004	50% - 75%	2526747
Cheyne Clifford Pace	Chair/chief investment officer	1 Oct 2004	25% - 50%	2526747
Catherine Mary Cheshire	Chief compliance officer	1 Nov 2006	Other	5509952
Sandra Alva Pace	President/coo	1 Dec 2007	50% - 75%	5501580
Cheyne Clifford Pace	Chief compliance officer	1 Aug 2010	50% - 75%	2526747
Cheyne Clifford Pace	President	1 Aug 2012	50% - 75%	2526747
Jacklilly Flp	Shareholder	1 May 2013	25% - 50%	90-0975021
Joshua Bernard Lowy	Principal	1 Dec 2014	Other	3220146
Cheyne C Pace Irrv Trust Fbo Lilly A Pace	Shareholder	1 Dec 2014	Other	47-6684675
Cheyne C Pace Irrv Trust Fbo Jack R Pace	Shareholder	1 Dec 2014	Other	47-6686273

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Cheyne Clifford Pace	Partner	1 May 2013	50% - 75%	2526747

Based in St. Petersburg

The principal office where Texas Yale Capital Corp. performs its advisory services is located at 6475 1 St Ave South, St. Petersburg, FL 33707, which is also the mailing address of the firm. An additional office of the firm is in Dorado, PR. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 727-823-0006 or by fax 727-502-9059. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at yalecapitalcorp.com.