Newstone Capital Partners, LLC (Dallas)

Name: Newstone Capital Partners, LLC
Address: 3963 Maple Avenue, Dallas, TX, 75219
Telephone: 214-753-4300

Newstone Capital Partners, LLC is a large advisory firm based in Dallas. It manages $1.3 billion of regulatory assets for 7 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Texas.

Newstone Capital Partners 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.

Newstone Capital Partners: assets under management

The assets under management (AUM) of Newstone Capital Partners, LLC is $1.3 billion, 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 $1.3 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $185.51 million each.

Newstone Capital Partners has custody of $783.25 million in cash and securities for 7 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Newstone Capital Partners, 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.

What kind of clients Newstone Capital Partners serves?

The only and largest group of clients of Newstone Capital Partners is pooled investment vehicles with 7 clients and $1.3 billion of assets under management. Among the 5 most similar advisory firms, Newstone Capital Partners has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.3 billion for 7 clients. None of the firm’s clients are foreign persons or businesses.

Newstone Capital Partners also advises several private funds. Namely, seven private equity funds. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Newstone Capital Partners, LLC

The company employs 13 people that are either part- or full-time employees. 77 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
John Crowley Rocchio	Co-founder and managing director	1 Apr 2006	50% - 75%	2397335
Timothy P. Costello	Co-founder and managing director	1 Apr 2006	50% - 75%	6024154
Christopher Michael Greco	Chief compliance officer & chief financial officer	1 Apr 2011	Other	5252174
Timothy Michael Connor	Chief compliance officer and chief financial officer	1 Feb 2017	Other	5091783

Based in Dallas

The principal office where Newstone Capital Partners, LLC performs its advisory services is located at 3963 Maple Avenue, Dallas, TX 75219, 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 214-753-4300 or by fax 214-753-4399. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at newstone.com.