724 ASSET MANAGEMENT, LLC
Adviser information for 724 ASSET MANAGEMENT, LLC last updated from Form ADV on March 25th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.
Advisory Business
| Type of Organization | Limited Liability Company |
|---|---|
| Fiscal Year End | DECEMBER |
| Legal Location | Ohio, United States |
Employees
| Total Number of Employees | 2 |
|---|---|
| Investment Advisory/Research | 2 |
| Registered Broker-Dealer Representatives | 0 |
| Registered State Investment Advisers | 2 |
| Licensed Agents of an Insurance Company | 0 |
| No. of Firms/People that Solicit Clients | 0 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 1 | $176.1M |
| Non-Discretionary | 0 | $0 |
| Total | 1 | $176.1M |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 0 | $0 |
| HNW Individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles | 0 | $0 |
| Pension and profit sharing plans | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal gov entities | 0 | $0 |
| Other investment advisers | <5 | $176.1M |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses | 0 | $0 |
| Other | 0 | $0 |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 0 |
| No. of Non-U.S. Clients | 0 |
| No. of Financial Planning Clients | 0 |
Services
| Advisory Services | Portfolio management for businesses or institutional clientsSelection of other advisers (including private fund managers) |
|---|---|
| Compensation | % of AUM |
Wrap Fee Program
| Offers Wrap Fee Program | Yes |
|---|
| Acting As | RAUM |
|---|---|
| Sponsor | 0 |
| Portfolio Manager | 166.1M |
| Both for Same | 0 |
| Portfolio Manager to Program | Sponsor |
|---|---|
| 724 CAPITAL, LLC WRAP FEE PROGRAM | 724 CAPITAL, LLC |
Identifiers
| SEC RIA File Number | 801-123108 |
|---|---|
| SEC ERA File Number | 801-123108 |
| SEC CIK Numbers | None |
| SEC CRD Numbers | 318169 |
| Legal Entity Identifier | None |
Principal Office
6986 WILLIAMS RDLANSING
MI
United States
Monday - Friday, 9:00 AM - 5:00 PM
Tel: 517-256-4319, Fax: N/A
Websites
Chief Compliance Officer
ROBERT HAROLD DEARMAN
CHIEF COMPLIANCE OFFICER
6986 WILLIAMS RD
6986 WILLIAMS RD
MI
United States
Tel:
517-256-4319
R*********@********M
(Full email address available in API data)
Regulatory Contact
CLINTON WAYNE SORENSON
175 REGENCY WOODS PLACE
SUITE 210
CARY
NC
United States
Tel:
919-948-4452
Fax:
N/A
C********@********M
(Full email address available in API data)
Industry Affiliates
| 724 CAPITAL, LLC | Other investment adviser, including financial planners |
| 724 INSURANCE, LLC | Insurance company or agency |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|
None
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| DEARMAN, ROBERT, HAROLD | Individual | – | CHIEF COMPLIANCE OFFICER | 09/2021 | 25-50% |
| DEARMAN, ROBERT, HAROLD | Individual | DCG INSIGHT, LLC | MANAGING MEMBER | 08/2018 | 25-50% |
| 724 HOLDINGS, LLC | Domestic Entity | – | HOLDING COMPANY | 09/2021 | > 75% |
| DCG INSIGHT, LLC | Domestic Entity | 724 HOLDINGS, LLC | HOLDING COMPANY | 09/2021 | 25-50% |
| CHILDS INVESTMENT GROUP, INC | Domestic Entity | 724 HOLDINGS, LLC | OWNER | 02/2023 | 25-50% |
| CHILDS, MICHAEL, RAY | Individual | CHILDS INVESTMENT GROUP, INC | OWNER | 02/2023 | 25-50% |
| CCDML VENTURES GROUP, LLC | Domestic Entity | 724 HOLDINGS, LLC | OWNER | 02/2023 | 25-50% |
| SORENSON, MERLIN, WAYNE | Individual | CCDML VENTURES GROUP, LLC | OWNER | 02/2023 | 50-75% |