AVIANCE CAPITAL MANAGEMENT, LLC Profile
Aviance Capital Management, LLC is an investment management firm based out of Sarasota, Florida. The company was original established in 2006 and has grown from its inception to now operate with 12 employees of which 8 are investment professionals. Aviance Capital Management conducts its research internally, utilizing a fundamental and technical methodology as well as charting and cyclical analysis to make its investment decisions. The company focuses on the value and growth stocks of large cap companies, allocating its assets in the public equity and fixed income markets on a global scale. Aviance Capital Management invests most heavily in the finance sector, which alone makes up over two thirds of the firm’s total asset allocations, and also invests in the health care, information technology, and utilities and telecommunications sectors, among other sectors to a lesser degree, in order of decreasing allocation. The company holds its allocations for 5.6 quarters on average although the firm only holds its top 10 allocations, which make up over a third of its total asset allocations, for 3.3 quarters on average. In the most recent quarter, Aviance Capital Management had a turnover rate of approximately 27.6%. The company manages over $3.5 billion in total assets under management spread across 12 total accounts, all of which are discretionary accounts. Although the firm’s total number of accounts has been volatile in recent years and has decreased, Aviance Capital Management’s total assets under management has been increasing, growing significantly from $280 million back in 2010 to well over 10 times that amount today. The company mainly caters to investment companies, which alone makes up over three quarters of the firm’s client base, both in terms of accounts and total attributed assets. The strategies that Aviance Capital Management provides cover Fixed Income, Large Capitalization Equities Value and Growth styles and Exchange Traded Funds.