Stonehurst Management, LLC (New York)

Name: Stonehurst Management, LLC
Address: 845 Third Avenue, New York, NY, 10022
Telephone: 212-993-7071

Stonehurst Management, LLC is a large advisory firm based in New York. It manages $98.45 million of regulatory assets for 279 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of California, Connecticut, Massachusetts, and 3 other states.

Stonehurst Management provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Stonehurst Management: assets under management

The assets under management (AUM) of Stonehurst Management, LLC is $98.45 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 49307% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $98.45 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $352.87 thousand each.

Stonehurst Management has custody of $61.31 million in cash and securities for 104 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 89% of the total AUM. The second-largest asset type is exchange traded securities, which make up 8% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Stonehurst Management, LLC for their services and products based on a percentage of assets under management. 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 Owen Patrick John King serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Owen Patrick John King is high net worth individuals with 243 clients and $90.35 million of assets under management. Among the 8 most similar advisory firms, Stonehurst Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $98.45 million for 279 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.

Stonehurst Management doesn't advise any private funds.

Careers at Stonehurst Management, LLC

The company employs 2 people that are either part- or full-time employees. 100 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 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
Owen Patrick John King	Managing member /president/chief compliance officer	1 Dec 2002	75% - 100%	1631527

Based in New York

The principal office where Stonehurst Management, LLC performs its advisory services is located at 845 Third Avenue, New York, NY 10022, 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 212-993-7071 or by fax 212-993-7073. 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 stonehurst.net.