Castleton Partners, LLC (Brooklyn)

Name: Castleton Partners, LLC
Address: 350 Manhattan Avenue, Brooklyn, NY, 11211
Telephone: 212-832-9700

Castleton Partners, LLC is a large advisory firm based in Brooklyn. It manages $113.85 million of regulatory assets for 22 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Florida, New York, and Texas.

Castleton Partners provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and portfolio consulting 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.

Castleton Partners: assets under management

The assets under management (AUM) of Castleton Partners, LLC is $113.85 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -11% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $113.85 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $5.17 million each.

Castleton Partners has custody of $99.43 million in cash and securities for 24 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in state and local bonds the most. They account for 94% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio. Investments in investment and business development companies form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Castleton Partners, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Castleton Partners serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Castleton Partners is high net worth individuals with 22 clients and $112.54 million of assets under management. Among the 8 most similar advisory firms, Castleton Partners has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $113.85 million for 24 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Castleton Partners doesn't advise any private funds.

Careers at Castleton Partners, LLC

The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There’s a single person 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.

Jean Michael Reinoso joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Searle Tamagni	Chief compliance officer	1 Jun 2006	50% - 75%	442249
Inc. Reinoso Asset Management	Corporation	1 Jun 2006	50% - 75%	119161
Inc. Reinoso & Company	Managing member	1 Jun 2006	50% - 75%	13-3550464
Edward John Reinoso	Chief executive officer/chief financial officer	1 Jul 2006	Other	373738
Llc Reinoso & Company	Manager	1 Jul 2013	75% - 100%	46-3151862
Jean Michael Reinoso	Chief compliance officer	1 Jan 2014	Other	5396551

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Edward John Reinoso	Sole owner	1 Jan 1991	75% - 100%	373738
Edward John Reinoso	Manager	1 Jul 2013	75% - 100%	373738

Based in Brooklyn

The principal office where Castleton Partners, LLC performs its advisory services is located at 350 Manhattan Avenue, Brooklyn, NY 11211, which is also the mailing address of the firm. An additional office of the firm is in Vero Beach, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-832-9700 or by fax 212-832-3980. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at castletonpartners.com and its LinkedIn profile.