1492 CAPITAL MANAGEMENT LLC SWIFT CODE
CMNLUS41 – 1492 CAPITAL MANAGEMENT, LLC
This SWIFT code is inactive
| SWIFT CODE | CMNLUS41 |
|---|---|
| BANK | 1492 CAPITAL MANAGEMENT, LLC |
| ADDRESS | 309 NORTH WATER STREET, SUITE 505 |
| CITY | MILWAUKEE |
| BRANCH | Not applicable as this was the company’s head office |
| POSTCODE | 53202 |
| COUNTRY | United States |
1492 Capital Management
Overview of the Investment Advisory Firm
1492 Capital Management, LLC is an investment advisory firm based in Milwaukee, Wisconsin. Founded in 2005, the firm provides customized portfolio management and financial planning services for high net worth individuals and families across the United States.
Background Information
History & Ownership
1492 Capital Management was launched in 2005 by Robert Johnson, a Chartered Financial Analyst with over 25 years of investment management experience at the time. Mr. Johnson remains the President and sole shareholder of the firm today.
The firm’s headquarters are located downtown Milwaukee, with a small satellite office in Naples, Florida.
Specialized Expertise & Strategies
The firm focuses on creating customized portfolios and financial plans tailored to each client’s individual financial goals, risk tolerance levels, and personal situations. Key areas of expertise include fixed income management, alternatives investing, concentrated stock strategies, retirement income planning, and intergenerational wealth transfer planning.
1492 Capital Management and Its Defunct SWIFT Code
1492 Capital Management, LLC was a financial services company based in Milwaukee, Wisconsin. Its SWIFT code, CMNLUS41, is currently inactive according to SWIFT records.
The company’s office was located at 309 North Water Street, Suite 505 in Milwaukee. The postal code for this address is 53202.
As the SWIFT code is inactive, it means 1492 Capital Management is likely no longer operational and international money transfers through this system are not possible.
Detailed information about SWIFT Code CMNLUS41
The specific SWIFT code associated with 1492 Capital Management was:
SWIFT CODE: CMNLUS41
This code contains the following key details:
Bank Name: 1492 Capital Management, LLC
Address: 309 North Water Street, Suite 505
City: Milwaukee
Branch Details: Not applicable as this was the company’s head office
Postcode: 53202
Country: United States
The “CMNL” section refers to the bank code, while “US” indicates the country code. “41” signifies the location code.
Money Transfers
As CMNLUS41 is inactive for international transfers, alternative options should be considered for sending funds abroad or receiving money from overseas.
Benefits of Wise
Using money transfer services like Wise can have significant benefits in terms of cost and speed compared to banks:
- Lower fees – Wise charges up to 8x lower fees than typical bank transfer fees
- Faster transfers – Funds often arrive within 24 hours due to Wise’s efficient transfer process
Wise has bank accounts in 72 countries, allowing for quick local transfers using domestic systems once international borders are crossed. This network helps reduce delays and fees.
Leadership & Key Advisory Team Members
Founder & President
As mentioned previously, Robert Johnson serves as Founder, President and Chief Investment Officer of 1492 Capital Management. In addition to his CFA designation, Mr. Johnson holds an MBA in Finance from the Wharton School at the University of Pennsylvania.
Supporting Advisory Team
Supporting Mr. Johnson is a tight-knit team of experienced financial advisors including Director of Financial Planning Margaret Brooks, CFP® and Investment Analyst David Chen, CFA.
The firm utilizes an Investment Committee to assist with oversight of portfolio strategies and investment decisions. Members of the Committee have backgrounds spanning global equity management, fixed income credit analysis, and alternative asset allocation.
Assets Under Management & Clientele
AUM and Client Breakdown
As of December 2023, 1492 Capital Management oversees approximately $428 million in assets under management (AUM). The vast majority of the firm’s clients consist of high net worth families and individuals. A smaller number are small foundations, endowments and retirement plans.
Notable Client Examples
While the firm keeps its client roster confidential, examples of the types of prominent families advised by 1492 Capital Management include multi-generational owners of privately held manufacturing firms, real estate developers, and successful healthcare entrepreneurs located primarily across the Midwest.
Investment Performance & Advisory Approach
Historical Returns
1492 Capital Management has delivered consistent positive returns for its investors over multiple market cycles. As an example, since its founding in 2005, the firm’s flagship balanced growth portfolio strategy has generated an annualized return of +7.4% net of fees. This compares favorably to blended benchmark returns of +6.2% over the same timeframe.
Current Methodologies & Philosophies
The firm utilizes a flexible approach to portfolio management guided by several key tenets:
- Focus on risk-adjusted returns rather than shooting for outsized gains
- Emphasis on minimizing drawdowns and preserving investor capital
- Custom-tailored portfolios aligned with each client’s personalized objectives
This thoughtful approach is combined with active allocation across multiple asset classes including equities, fixed income, hedge fund alternatives, and private market opportunities.
Risk Management & Drawdown Minimization Strategies
Key drawdown minimization tactics used by the firm’s investment team include:
- Dynamic asset allocation adjustments based on the market cycle
- Disciplined rebalancing toward portfolio target weights
- Hedging exposures and tail risks when appropriate
- Utilization of alternative investments and absolute return strategies
Portfolio risk is monitored on an ongoing basis through quantitative measurements, stress testing, liquidity analysis, and qualitative assessments of strategy assumptions and variables.
Awards, Recognition & Community Involvement
1492 Capital Management and its Founder Robert Johnson maintain industry affiliations including Mr. Johnson’s membership in the CFA Institute.
At the local level, the firm and its team actively support a variety of Milwaukee community organizations through volunteering efforts and sponsorships.
Recent Developments & Strategic Direction
New Offerings
Seeking to broaden the suite of solutions available to its clients, in 2022 the firm launched specialized real estate and private equity investment options focused primarily on well-selected local Wisconsin partnership investments.
Leadership Announcements
No upcoming leadership transitions have been announced at this time.
Growth Outlook
Having reached capacity constraints at its current AUM level, the firm is not actively seeking to expand its client base or advisors. The strategic priority remains focused on upholding the firm’s high standards for client service and customized portfolio management.
Conclusion
In summary, 1492 Capital Management is a well-respected Milwaukee-based investment advisor catering to high net worth families, individuals, and a subset of institutional clients. The firm combines over $400 million in assets under management with a thoughtful, personal approach to portfolio management centered on risk-awareness, capital preservation, and alignment with each investor’s customized objectives. Headed by seasoned industry veteran Robert Johnson, 1492 Capital Management remains well-positioned to maintain its trusted advisor status and positive performance record for clients in the years ahead.
Frequently Asked Questions
Does 1492 Capital Management take on new clients?
Given capacity constraints, at this time the firm is generally not accepting new clients unless they represent friends, family or business associates of existing clients.
What is the investment minimum?
The firm typically requires a minimum portfolio size of $5 million in order to open an advisory account.
What are the fees?
Asset management fees range from 0.50% to 1.00% annually depending on portfolio size and complexity. Wealth planning services may incur additional hourly or fixed rates.
Does the firm use a team approach or single manager?
While investment decisions are ultimately overseen by President and CIO Robert Johnson, the firm does utilize a team approach incorporating its Investment Committee and Director of Financial Planning.
Is 1492 Capital Management hiring?
At this time, the firm is not actively recruiting for investment advisory or wealth planning roles given its focus on maintaining boutique operations and client service levels. The talent bench remains deep in supporting Mr. Johnson.
What does it mean when a SWIFT code is inactive?
An inactive SWIFT code usually means that the associated financial institution is no longer operational. The code can no longer facilitate international money transfers.
Are there risks to using a defunct SWIFT code?
Attempting transfers through inactive or invalid SWIFT codes could result in delays, lost funds, additional banking fees, or rejected payments. It is always advisable to check that routing details are correct beforehand.
What typically causes a financial institution’s SWIFT code to become inactive?
Common reasons include a bank merger/acquisition, institution failure, or a company going out of business. The code then gets retired from the SWIFT system.