Crestone Asset Management LLC is a large advisory firm based in Boulder. It manages $2.43 billion of regulatory assets for 504 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdiction of Colorado.
Crestone Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Crestone Asset Management LLC is $2.43 billion. The firm's AUM has grown by 9520% since the beginning of its operation, and $18.43 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Crestone Asset Management LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Crestone Asset Management is high net worth individuals with 95 clients and $1.23 billion of assets under management. Among the 10 most similar advisory firms, Crestone Asset Management has the 4th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $2.43 billion for 143 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Crestone Asset Management also advises several private funds. Namely, three hedge funds, four liquidity funds, ten real estate funds, six other private funds, seventeen private equity funds, and four venture capital funds. The minimum investment commitment required of non-related persons ranges from $10,000 to $500,000.
The company employs 32 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 9 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.
The principal office where Crestone Asset Management LLC performs its advisory services is located at 1048 Pearl Street, Boulder, CO 80302, 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 303-442-4447 or by fax 303-442-4587. The normal business hours are 7 a.m to 6 p.m. on Monday - Friday. You can find more information about the New York firm at crestonecap.com/ and its LinkedIn profile.