Second Avenue Capital
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Second Avenue Capital provides discretionary investment management to both institutional and individual clients and delivers regular reporting and reviews, typically on a quarterly basis. The firm charges asset-based fees and conducts periodic performance and portfolio-composition reviews as part of its client reporting.
The firm follows a value-oriented, research-driven approach that seeks out-of-favor and underfollowed companies trading below what it estimates to be fair market value, and it relies on public filings, sell-side research, company contacts and proprietary computer analysis. Trading implementation can include ETFs, exchange-listed master limited partnerships, restricted securities, private placements and IPO allocations, with order “bunching” and pro-rata (or adjusted) allocations used to execute block trades.
Notably, the firm operates at a very small scale with a preferred minimum account size of $500,000 and manages a limited number of accounts under a single portfolio manager, and it offers performance-based fee arrangements to qualifying high-net-worth clients that must meet minimum net-worth criteria and comply with Rule 205-3. The firm also assumes the uncommon role of acting as a qualified custodian for client assets, a capability that is rare among independent advisory firms.
Client services
Expertise
Fee options
1% of assets, negotiable and may be waived
Charged on a minimum time period of one year; available only to clients with a net worth of at least $1,500,000 at the time of agreement
Account minimum: $500,000
Main office
60 South 6th Street, Suite 2560
Minneapolis MN 55402
Advisors at this office
1
Most active in
Minnesota
Also doing business as
Second Avenue Capital · Second Avenue Capital LLC
Disclosures
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Business activities & affiliations
Is not active or affiliated with:
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Broker-dealer / trader
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Bank
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Trust company
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Fund sponsor
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
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