Crystal Capital Partners, LLC is a large advisory firm based in Bay Harbor Islands. It manages $515 million of regulatory assets for 233 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 33 other states.
Crystal Capital Partners provides hedge and private equity fund advisory. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Crystal Capital Partners, LLC is $515 million. The firm's AUM has gone down by -43% since the beginning of its operation, and $91 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Crystal Capital Partners, LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The only and largest group of clients of Crystal Capital Partners is pooled investment vehicles with 9 clients and $515 million of assets under management. Among the 9 most similar advisory firms, Crystal Capital Partners has the 2nd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $515 million for 9 clients. 18% of the firm’s clients are foreign persons or businesses.
Crystal Capital Partners also advises several private funds. Namely, two hedge funds and two other private funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $1,000,000.
The company employs 18 people that are either part- or full-time employees. 22 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There are 8 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Nicole Suzanne Dandridge joined the executive team most recently as the Chief Compliance Officer.
The principal office where Crystal Capital Partners, LLC performs its advisory services is located at 1111 Kane Concourse, Bay Harbor Islands, FL 33154, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 305-868-1500. The normal business hours are 9:00-5:00 on Monday - Friday. You can find more information about the New York firm at crystalfunds.com and its LinkedIn profile.