Additive Advisory And Capital, LLC

Additive Advisory PBC, a Delaware Public Benefit Corporation, was established in 2016 by Jeffrey Engelberg. The firm offers discretionary investment advice to a private fund focusing on financial transactions with medical service providers under the Federal No Surprises Act. Additionally, Additive provides non-discretionary advice to separately managed accounts. As of December 31, 2024, the firm managed assets totaling $106,836,935, with $19,470,787 under discretionary management and $87,366,148 under non-discretionary management. For the private fund, management fees are based on a percentage of capital accounts, with different rates for different classes of interests. An annual incentive allocation of 15%-17% of net profits is received by an affiliate of Additive, subject to a loss carryforward provision. The firm does not charge performance fees for separately managed accounts. Clients of Additive include the private fund and separately managed accounts, with different minimum investment requirements. The firm's investment strategy involves funding the Independent Dispute Resolution process for medical service providers and managing risks associated with investing in securities. Additive has not been subject to disciplinary actions and does not compensate for client referrals. The firm has custody arrangements with The Northern Trust Company and exercises discretionary authority over client investments. Additive does not currently vote on client securities proxies.