Slatestone Private Client, LLC (Jupiter)


Slatestone Private Client, LLC is a large advisory firm based in Jupiter. It manages $189.92 million of regulatory assets for 368 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Colorado, Florida, Louisiana, and 3 other states.

Slatestone Private Client provides portfolio management for individuals and small businesses 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.

Slatestone Private Client: assets under management

The assets under management (AUM) of Slatestone Private Client, LLC is $189.92 million. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $188.01 million in discretionary accounts and $1.9 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $512.29 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.9 million.
Slatestone Private Client has custody of $126.1 million in cash and securities for 52 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 35% of the total AUM. The second-largest asset type is investment and business development companies, which make up 33% of the firm’s portfolio. Investments in pooled investment vehicles form 19% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Slatestone Private Client, LLC for their services and products based on a percentage of assets under management 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 Slatestone Private Client serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Slatestone Private Client is high net worth individuals with 52 clients and $159.08 million of assets under management. Among the 12 most similar advisory firms, Slatestone Private Client has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $188.01 million for 128 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.

Slatestone Private Client doesn't advise any private funds.

Careers at Slatestone Private Client, LLC

The company employs 8 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 4 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 receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Slatestone Group Llc Managing member 1 Apr 2019 75% - 100% 12-3456789
Sharon Anne Daniels Chief compliance officer/managing partner 1 Apr 2019 Other 1242783
David John Costigan Managing partner 1 Apr 2019 Other 3097323
Patrick Edward Tylander Managing partner 1 Apr 2019 Other 5515799

Indirect Owners

The SEC currently registers 4 indirect owners.

Name Entity Date acquired Ownership Employer ID
Patrick Edward Tylander Manager 1 Jan 2017 50% - 75% 5515799
Sharon Anne Daniels Manager 1 Jan 2017 25% - 50% 1242783
David John Costigan Manager 1 Jan 2017 Other 3097323
David John Costigan Manager 1 Aug 2018 Other 3097323

Based in Jupiter

The principal office where Slatestone Private Client, LLC performs its advisory services is located at 4495 Military Trail, Suite 207, Jupiter, FL 33458, which is also the mailing address of the firm. An additional office of the firm is in Boca Raton, FL. 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. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at slatestone.com and its LinkedIn profile.