Kstone Partners LLC is a large advisory firm based in Valhalla. It manages $177.98 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2009.
Kstone Partners provides portfolio management for pooled investment vehicles, selection of other advisers, and non-discretionary advisory services. 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 Kstone Partners LLC is $177.98 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 233% since the beginning of its operation, and $18.38 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Kstone Partners LLC for their services and products based on a percentage of assets under management and fixed 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 firm provides services to other investment advisers, high net worth individuals, and pooled investment vehicles. The largest group of clients of Kstone Partners is pooled investment vehicles with 5 clients and $177.98 million of assets under management. Among the 3 most similar advisory firms, Kstone Partners has the highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $177.98 million for 7 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 29% of the firm’s clients are foreign persons or businesses.
Kstone Partners also advises several private funds. Namely, five hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.
The company employs 12 people that are either part- or full-time employees. 42 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone 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.
The principal office where Kstone Partners LLC performs its advisory services is located at 500 Summit Lake Drive, Valhalla, NY 10595, 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 914-495-7000 or by fax 914-488-5538. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at kstonepartners.com.