Crestone Asset Management LLC (Boulder)

Name: Crestone Asset Management LLC
Address: 1048 Pearl Street, Boulder, CO, 80302
Telephone: 303-442-4447

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.

Crestone Asset Management: assets under management

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 firm manages $2.18 billion in discretionary accounts and $252.09 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.47 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $14.83 million.

Crestone Asset Management has custody of $1.18 billion in cash and securities for 132 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 40% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 26% of the firm’s portfolio. Investments in pooled investment vehicles form 18% of the total invested assets.

Fees & Commissions

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. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Crestone Asset Management serves?

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.

Careers at Crestone Asset Management LLC

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Eric John Kramer	Manager	1 Sep 2000	Other	1029933
Crestone Capital Advisors Llc	Sole member	1 Oct 2001	75% - 100%	84-1594722
Crestone Capital Llc	Sole member	1 Oct 2001	75% - 100%	84-1594722
Colleen Marie Craven	Chief compliance officer	1 Dec 2003	Other	2150701
Diana Kristine Stewart	Chief compliance officer	1 May 2006	Other	4252523
Diana Stewart Chernaik	Chief compliance officer	1 May 2006	Other	4252523
Jennifer Angela Hardy	Chief compliance officer	1 Feb 2011	Other	2564551
Colby Douglas Stilson	Chief financial officer	1 Jun 2018	Other	3151732
John Colquhoun Swift	President, chief compliance officer	1 Oct 2018	Other	3044123

Indirect Owners

The SEC currently registers 10 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Eric John Kramer	Manager	1 Jan 2000	75% - 100%	1029933
The Eric J. Kramer Company	Member	1 Jan 2001	50% - 75%	84-1526090
Robert Douglas Bonnette	Manager	1 Jan 2001	25% - 50%	4284382
Michael John Sherman	Member	1 Jan 2001	25% - 50%	2286858
Laura S Hundley	Member	1 Jan 2001	25% - 50%	4414703
The Eric J. Kramer Company	Member	1 Oct 2001	25% - 50%	84-1526090
Michael John Sherman	Member	1 Oct 2001	25% - 50%	2286858
Robert D Bonnette	Member	1 Oct 2001	25% - 50%	4284382
Laura S Hundley	Member	1 Oct 2001	25% - 50%	4414703
Crestone Capital Holdings Llc	Sole member	1 Jan 2015	75% - 100%	47-3388845

Based in Boulder

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.