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Adviser Profile

As of Date 03/14/2024
Adviser Type - Large advisory firm
Number of Employees 5 -16.67%
of those in investment advisory functions 2 -33.33%
Registration SEC, Approved, 1/3/2017
AUM* 627,225,047 71.27%
of that, discretionary 524,461,375 68.46%
Private Fund GAV* 48,015,038 60.11%
Avg Account Size 3,301,184 65.87%
% High Net Worth 67.31% -13.06%
SMA’s Yes
Private Funds 1
Contact Info 212 xxxxxxx
Websites

Client Types

- Individuals (other than high net worth individuals)
- High net worth individuals
- Banking or thrift institutions
- Pooled investment vehicles
- Pension and profit sharing plans
- Charitable organizations
- State or municipal government entities
- Other investment advisers

Advisory Activities

- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
501M 430M 358M 287M 215M 143M 72M
2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count1 GAV$48,015,038

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Brochure Summary

Overview

A. General Description of Advisory Firm – MayTech is a limited liability company organized under the laws of the State of Delaware. Its principal place of business is located in New York, New York. MayTech was formed on December 16, 2016. MayTech is managed by Mr. Nels G. Wangensteen and Ms. Ye Yin, its founders and principal owners. B. Description of Advisory Services MayTech is a succession to the business of both Wangensteen Asset Management LLC (“WAM”), an advisory firm owned by Mr. Wangensteen, and MayTech Capital Management, LLC (“MCM”), an advisory firm owned at the time of the succession by both Mr. Wangensteen and Ms. Yin; currently owned exclusively by Ms. Yin. MayTech also serves as investment manager to MayTech Global Innovation Partners LP (the “Global Innovation Fund”), a privately offered collective investment vehicle. Separate accounts are managed using a Global Growth strategy focused on growth opportunities throughout the global market. The Global Innovation Fund follows a similar strategy but emphasizes investments in the information technology, healthcare and consumer sectors. MayTech provides model delivery services to various wealth management platforms. The models offered this way are based on the Global Growth strategy. Further, MayTech offers sub-manager services to various institutional investors. The strategies implemented in these institutional portfolios are also based on the Global Growth strategy. Maytech advisory services include recommendations to rollover client’s or prospective client’s retirement plans, such as a defined benefit plan, defined contribution plans, health savings plans, educational savings plans and individual retirement accounts (“IRA”), into another retirement account or IRA, managed by MayTech where we earn a fee. When we make rollover recommendations to manage retirement accounts, we are a fiduciary within the meaning of Title I of the Employee Retirement Income Security Act (“ERISA”) and the Internal Revenue Code (“IRC”), which governs retirement accounts. As such, we operate under a special standard of care rule to provide prudent advice requiring us to act in your best interest and not put our interests ahead of yours, charge no more than a “reasonable
fee”, as defined under ERISA, and not make any false or misleading statements. We are required to give you basic information about our conflicts of interests, such as when we make rollover recommendations this allows us to earn an additional fee that is in our interest and to provide other conflicts of interest disclosures in the way we make money, as more fully described in under Item 10 of this Brochure. C. Availability of Tailored Services for Individual Clients – MayTech does not generally intend to tailor its advisory services to the individual needs of its separate account and Fund clients (collectively, the “Clients”). However, MayTech conducts due diligence on prospective Clients to assure that the strategy applied to the account fits the Client’s investment goals and time horizon. Also, where a Client is subject to specific restrictions (e.g. portfolio diversification requirements), MayTech may tailor its services in accordance with such restrictions on a case-by-case basis if such restrictions will not materially alter its investment strategy and approach. MayTech will provide advisory services to each client pursuant to an investment management agreement (each, a “Management Agreement”). Each client’s individual investment guidelines and objectives are detailed in its respective Management Agreement and, in the case of the Global Innovation Fund, the offering memoranda. As per the fund offering memoranda, MayTech can accept side letters; however, currently there are no such side-letter arrangements in place. Each Management Agreement will grant MayTech complete investment discretion within the confines of these investment guidelines and objectives. While Maytech generally provides discretionary asset management services, it also overseas non-discretionary assets to accommodate certain clients’ needs. D. Wrap Fee Programs – MayTech does not participate in wrap fee programs. E. Clients Assets Under Management – As of December 31, 2023, MayTech has $627,225,047 of regulatory assets under management (“RAUM”), of which $ 102,763,672 is non-discretionary and $524,461,375 is discretionary. Maytech has $96,003,817 in assets under advisement representing our third-party model delivery services.