Advent Capital Management manages investments for a variety of clients, including high net worth individuals, institutions, and pooled investment vehicles. Advent focuses on capital structure research and invests primarily in convertible bonds, but also uses equities, preferred stock, high yield securities, and other investments. Investment strategies are tailored to each client's needs, with the exception of private funds. Advent also acts as a subadviser in wrap fee programs.
Fee Structure
Advent Capital Management's investment advisory fees vary by client and are based on factors like services performed, investment mandate, and account size. Clients may pay an asset-based fee. Fees are generally negotiated with each client. Wrap fee programs have a minimum account size of $250,000 and are subject to fees established by the wrap plan sponsor.