Carleon Capital Partners LLC is a large advisory firm based in New York. It manages $3.9 billion of regulatory assets for 36 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Illinois and New York.
Carleon Capital Partners provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and selection of other advisers. 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 Carleon Capital Partners LLC is $3.9 billion. The firm's AUM has grown by 2591% since the beginning of its operation, and $36.34 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Carleon Capital Partners LLC for their services and products based on a percentage of assets under management, fixed fees, 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 firm provides services to individuals and pooled investment vehicles. The largest group of clients of Richard William Herbst is individuals with 18 clients and $2.73 billion of assets under management. Among the 7 most similar advisory firms, Carleon Capital Partners has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $3.42 billion for 33 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 6% of the firm’s clients are foreign persons or businesses.
Carleon Capital Partners also advises several private funds. Namely, eight other private funds and four private equity funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $10,000,000.
The company employs 29 people that are either part- or full-time employees. 41 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Richard William Herbst has been acting as President since 1 Jan 2007. Casey Dow Whalen Sellers has served as the Chief Investment Officer since 1 Feb 2007 and Geoffrey Thomas Boisi is the Chief Executive Officer of Carleon Capital Partners LLC family office. Larry Scott Wieseneck joined the executive team most recently as the Chief Operating Officer.
The principal office where Carleon Capital Partners LLC performs its advisory services is located at 280 Park Ave., New York, NY 10017, which is also the mailing address of the firm. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-488-4700 or by fax 646-390-9168. The normal business hours are 8:00 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at carleoncapital.com.