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Shenkman Capital Management Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

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Shenkman Capital Management, Inc. is a privately-owned and independent company headquartered in New York City. The financial advisor operates as a fee-only firm serving both individual and institutional clients in its New York, Stamford, Connecticut and London, U.K. offices.

Shenkman Capital Management Inc. Background 

Shenkman was established in 1985 by firm founder, president and co-chief investment officer (CIO) Mark R. Shenkman. Justin W. Slatky serves as the firm’s executive vice president and co-CIO. The registered investment advisor (RIA) is also under common control with Romark Credit Advisors, L.P. (RCA) and Romark CLO Advisors LLC. 

Shenkman Capital Management Inc. Client Types and Minimum Account Sizes 

The firm advises individuals and high-net-worth individuals, public pension plans, corporations, Taft-Hartley plans, religious and charitable organizations, endowments and foundations, mutual funds, insurance companies, wrap fee programs, government entities and other pooled investment vehicles.

Shenkman Capital’s firm brochure doesn’t specify a minimum account size requirement. 

Services Offered by Shenkman Capital Management Inc. 

Shenkman Capital provides the following advisory services:

  • Portfolio management
  • Publication of periodicals or newsletters

First Trust Advisors Investment Philosophy 

Shenkman Capital’s approach for earning high risk-adjusted returns is to preserve capital under all market conditions and to maximize compound interest income through a disciplined process supported by comprehensive, fundamental analysis, according to its website. The firm also says it strives to minimize defaults and utilize proprietary credit analytics. 

Shenkman Capital mainly relies on fundamental credit analysis and broad diversification when making investment decisions, but advisors also employ traditional credit and alternative credit investment strategies. These generally range from senior secured loans and high yield bonds to collaterized loan obligation (CLO) debt and equity and absolute return strategies. 

Fees Under Shenkman Capital Management Inc.

Shenkman Capital mainly receives its compensation through asset-based, performance-based and service-based fees. The firm’s asset-based management fees range from 0.0% to 1.5%, depending on the investment vehicle used and the strategy employed. The firm says it negotiates fee arrangements with separately managed account (SMA) clients and investors in its Sponsored Funds. 

Shenkman Capital’s performance fees range from 0.000% to 20.000% of returns. The firm has an Intercompany Services Agreement with RCA which allows it to earn service-based fees for providing credit research and analysis and financial services to RCA. 

What to Watch Out For 

Shenkman Capital honors a fiduciary duty to work in each client’s best interest, but the firm acknowledges that its asset-based and performance-based fee arrangements can create conflicts of interest. Advisors may favor performance-based accounts that earn them higher management fees, neglecting a client who may benefit from a perhaps more suitable and less expensive investment. 

Shenkman Capital doesn’t have any disclosures

Tips for Finding a Financial Advisor 

  • Want a simpler way to find an advisor suitable to your financial situation and investment preferences? SmartAsset’s free financial advisor matching tool connects you, in minutes, with up to three advisors who serve your area. After completing a short questionnaire, the tool pairs you with suitable matches. You can interview your advisor matches at no cost to decide which one is right for you.
  • When comparing financial advisors, it’s useful to consider things like each professional’s investment strategies, advisory services and compensation arrangements. You should also pay attention to whether your advisor has any relevant industry designations. The certified financial planner (CFP) and certified public accountant (CPA) designations are just a few of the many certifications available to financial professionals.

All information was accurate as of the writing of this article.

How Long $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We weighed potential expenditures for a prospective retiree with a  $1 million nest egg to assess how many years that fund would cover in retirement in America’s largest cities.

We applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in metro areas across the U.S.

We assumed the $1 million would grow at a net annual return of 2% after inflation. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.