North Castle Advisors, LLC (Dobbs Ferry)

Name: North Castle Advisors, LLC
Address: 11 Hudson Drive, Dobbs Ferry, NY, 10522
Telephone: 914-273-6565

North Castle Advisors, LLC is a mid-sized advisory firm based in Dobbs Ferry. It manages $44.49 million of regulatory assets for 89 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of New York.

North Castle Advisors 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.

North Castle Advisors: assets under management

The assets under management (AUM) of North Castle Advisors, LLC is $44.49 million. The firm's AUM has grown by 38% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $17.24 million in discretionary accounts and $27.25 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $292.23 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $908.37 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 93% of the total AUM. The second-largest asset type is exchange traded securities, which make up 2% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay North Castle Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 North Castle Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of North Castle Advisors is high net worth individuals with 25 clients and $41.34 million of assets under management. Among the 1 most similar advisory firms, North Castle Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $42.37 million for 34 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.

North Castle Advisors doesn't advise any private funds.

Careers at North Castle Advisors, LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Seth Jay Varnhagen	Manager/chief compliance officer	1 Mar 2004	75% - 100%	2235276

Based in Dobbs Ferry

The principal office where North Castle Advisors, LLC performs its advisory services is located at 11 Hudson Drive, Dobbs Ferry, NY 10522, 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 914-273-6565 or by fax 636-552-6565. The normal business hours are 9 am - 5 pm on Monday - Friday. You can find more information about the New York firm at northcastleadvisors.com.