Slatestone Wealth LLC (Jupiter)

Slatestone Wealth provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Slatestone Wealth: assets under management

The assets under management (AUM) of Slatestone Wealth LLC is $518.05 million. The firm's AUM has grown by 135% since the beginning of its operation, and $168.85 million of the total AUM is attributable to clients outside of the United States.

The firm manages $517.94 million in discretionary accounts and $110.37 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $470.43 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $18.4 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 50% of the total AUM. The second-largest asset type is investment and business development companies, which make up 31% of the firm’s portfolio. Investments in government bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Slatestone Wealth LLC for their services and products based on a percentage of assets under management and fixed 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.

What kind of clients Slatestone Wealth serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Slatestone Wealth is high net worth individuals with 118 clients and $448.78 million of assets under management. Among the 11 most similar advisory firms, Slatestone Wealth has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $513.62 million for 348 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 7% of the firm’s clients are foreign persons or businesses.

Slatestone Wealth doesn't advise any private funds.

Careers at Slatestone Wealth LLC

The company employs 23 people that are either part- or full-time employees. 52 percent of the employees work as investment advisers or researchers. 12 employees are registered as investment adviser representatives with the state securities authorities.

There are 5 people 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.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 4 indirect owners.

Based in Jupiter

The principal office where Slatestone Wealth LLC performs its advisory services is located at 4495 Military Trail, Jupiter, FL 33458, which is also the mailing address of the firm. An additional office of the firm is in Manhasset, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 561-244-2504 or by fax 561-584-6945. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at slatestonewealth.com.

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