New Castle Funds LLC (White Plains)


New Castle Funds LLC is a large advisory firm based in White Plains. It manages $971.95 million of regulatory assets for 10 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Delaware and New York.

New Castle Funds provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

New Castle Funds: assets under management

The assets under management (AUM) of New Castle Funds LLC is $971.95 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -1% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $971.95 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $97.19 million each.

Fees & Commissions

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

Careers at New Castle Funds LLC

Robert Stanley Reitzes has been acting as President since 1 Oct 2008. Mark Allen Kurland joined the executive team most recently as the Ceo/Member/On Leave Of Absence.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Mark Allen Kurland Ceo/member 1 Oct 2008 25% - 50% 1201105
Robert Stanley Reitzes President/coo/member 1 Oct 2008 25% - 50% 1488551
Scott Adam Merves Exec vice-president/member 1 Oct 2008 Other 2586660
Gerald Richard Cummins Cfo and chief compliance officer 1 Oct 2008 Other 1322563
Elissa Beth Gruber Treasurer/controller 1 Oct 2008 Other 1747815
Mark Allen Kurland Ceo/member/on leave of absence 1 Oct 2009 25% - 50% 1201105

Based in White Plains

The principal office where New Castle Funds LLC performs its advisory services is located at 1 North Lexington Avenue, White Plains, NY 10601, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-612-3018 or by fax 212-433-1374. The normal business hours are 8:30 - 5:30 on Monday - Friday.