Kastel Capital Advisors, LLC (Wellesley)

Name: Kastel Capital Advisors, LLC
Address: 40 Grove Street, Wellesley, MA, 02482
Telephone: (508) 479-0632

Kastel Capital Advisors, LLC is a large advisory firm based in Wellesley. It manages $115.44 million of regulatory assets for 277 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Arizona, California, Louisiana, Massachusetts, and Texas.

Kastel Capital Advisors provides portfolio management for individuals and small businesses and pension 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.

Kastel Capital Advisors: assets under management

The assets under management (AUM) of Kastel Capital Advisors, LLC is $115.44 million. The company doesn't manage any assets belonging to foreign clients.

The firm manages $96.22 million in discretionary accounts and $19.23 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $392.72 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $600.87 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 85% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 9% of the firm’s portfolio. Investments in investment grade corporate bonds form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kastel Capital Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, 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.

What kind of clients Kastel Capital Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Kastel Capital Advisors is high net worth individuals with 52 clients and $82.42 million of assets under management. Among the 9 most similar advisory firms, Kastel Capital Advisors has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $115.44 million for 113 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.

Kastel Capital Advisors doesn't advise any private funds.

Careers at Kastel Capital Advisors, LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Drasko "Nmn" Kovrlija	President & chief compliance officer	1 Apr 2015	75% - 100%	5609454

Based in Wellesley

The principal office where Kastel Capital Advisors, LLC performs its advisory services is located at 40 Grove Street, Wellesley, MA 02482, 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 (508) 479-0632 or by fax (508) 479-0632. The normal business hours are office visits by appointment only on Other. You can find more information about the New York firm at twitter.com/kastelcapital.