Carleon Capital Partners LLC (New York)

Name: Carleon Capital Partners LLC
Address: 280 Park Ave., New York, NY, 10017
Telephone: 212-488-4700

Carleon Capital Partners LLC is a large advisory firm based in New York. It manages $3.9 billion of regulatory assets for 36 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Illinois and New York.

Carleon Capital Partners provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, 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.

Carleon Capital Partners: assets under management

The assets under management (AUM) of Carleon Capital Partners LLC is $3.9 billion. The firm's AUM has grown by 2591% since the beginning of its operation, and $36.34 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.25 billion in discretionary accounts and $1.65 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $102.5 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $117.62 million.

Carleon Capital Partners has custody of $1.67 billion in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 44% of the total AUM. The second-largest asset type is exchange traded securities, which make up 27% of the firm’s portfolio. Investments in cash and cash equivalents form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Carleon Capital Partners 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 Richard William Herbst serves?

The firm provides services to individuals and pooled investment vehicles. The largest group of clients of Richard William Herbst is individuals with 18 clients and $2.73 billion of assets under management. Among the 7 most similar advisory firms, Carleon Capital Partners has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $3.42 billion for 33 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 6% of the firm’s clients are foreign persons or businesses.

Carleon Capital Partners also advises several private funds. Namely, eight other private funds and four private equity funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $10,000,000.

Careers at Carleon Capital Partners LLC

The company employs 29 people that are either part- or full-time employees. 41 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Richard William Herbst has been acting as President since 1 Jan 2007. Casey Dow Whalen Sellers has served as the Chief Investment Officer since 1 Feb 2007 and Geoffrey Thomas Boisi is the Chief Executive Officer of Carleon Capital Partners LLC family office. Larry Scott Wieseneck joined the executive team most recently as the Chief Operating Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Marc Kopilak	Chief financial officer	1 Jan 2007	Other	2953965
Geoffrey Thomas Boisi	Chief executive officer	1 Jan 2007	Other	25064
Richard William Herbst	President	1 Jan 2007	Other	830343
Roundtable Wealth Management Lp	Managing member	1 Jan 2007	75% - 100%	20-4238718
Stephen Henry Hopkins	Chief operating officer	1 Jan 2007	Other	4730599
Lp Roundtable Wealth Management	Managing member	1 Jan 2007	75% - 100%	20-4238718
Casey Dow Whalen Sellers	Chief investment officer	1 Feb 2007	Other	5294719
Casey Dow Whalen	Chief investment officer	1 Feb 2007	Other	5294719
Charles Steven Duncker	Management committee member	1 May 2007	Other	1081950
Peter Demetrios Aliprantis	Head of relationship management	1 Jun 2007	Other	2630932
Jerome Cedric Antenen	Managing director	1 Nov 2007	Other	5502326
Alan Herman Rappaport	Vice chairman	1 Sep 2009	Other	1029265
Dermot Thomas Healey	Chief client officer	1 Jul 2012	Other	2110403
Stephen Henry Hopkins	Vice chairman	1 Jan 2015	Other	4730599
David Fredrick Randell	Managing director	1 Jan 2015	Other	1545303
Alison Jane Rosenzweig	Managing director	1 Jan 2015	Other	4525648
Samuel Birnkrant Levine	Head of private equity	1 May 2015	Other	2089136
Larry Scott Wieseneck	Chief operating officer	1 Sep 2015	Other	2277006

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Geoffrey Thomas Boisi	Partner	1 Feb 2006	25% - 50%	25064
Richard William Herbst	Partner	1 Feb 2006	Other	830343
Roundtable Wealth Management Gp Llc	General partner	1 Feb 2006	Other	20-4238637
Roundtable Investment Partners Llc	Owner	1 Feb 2006	75% - 100%	75-3158076
Roundtable Managers Llc	Owner	1 Sep 2006	50% - 75%	33-1144496

Based in New York

The principal office where Carleon Capital Partners LLC performs its advisory services is located at 280 Park Ave., New York, NY 10017, which is also the mailing address of the firm. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-488-4700 or by fax 646-390-9168. The normal business hours are 8:00 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at carleoncapital.com.