Kstone Partners LLC (Valhalla)

Name: Kstone Partners LLC
Address: 500 Summit Lake Drive, Valhalla, NY, 10595
Telephone: 914-495-7000

Kstone Partners LLC is a large advisory firm based in Valhalla. It manages $177.98 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2009.

Kstone Partners provides portfolio management for pooled investment vehicles, selection of other advisers, and non-discretionary advisory services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Kstone Partners: assets under management

The assets under management (AUM) of Kstone Partners LLC is $177.98 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 233% since the beginning of its operation, and $18.38 million of the total AUM is attributable to clients outside of the United States.

The firm manages $177.98 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $35.6 million each.

Kstone Partners has custody of $177.98 million in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kstone Partners LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Kstone Partners serves?

The firm provides services to other investment advisers, high net worth individuals, and pooled investment vehicles. The largest group of clients of Kstone Partners is pooled investment vehicles with 5 clients and $177.98 million of assets under management. Among the 3 most similar advisory firms, Kstone Partners has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $177.98 million for 7 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 29% of the firm’s clients are foreign persons or businesses.

Kstone Partners also advises several private funds. Namely, five hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Kstone Partners LLC

The company employs 12 people that are either part- or full-time employees. 42 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
Mark John Kenyon	Chairman & chief investment officer	1 Jul 2008	Other	1777836
Mak Capital Partners Llp	Mark john kenyon is managing member & tax matters partner	1 Jul 2008	25% - 50%	13-3116322
Gerald John Molinari	Chief financial officer	1 Jul 2008	Other	5657946
Jjm Capital Partners Llp	Joseph hugh marren is chief executive officer and tax matters partner	1 Sep 2008	25% - 50%	26-3365048
Joseph Hugh Marren	President, chief executive officer & chief compliance officer	1 Sep 2008	Other	1801195
Joseph Tracy Drohan	Senior managing director	1 Jan 2011	Other	5900005
Jtd Capital Llc	Joseph tracy drohan is managing member and tax matters partner	1 Jan 2011	Other	27-4399822
Maria C Ricci	Senior managing director	1 Aug 2012	Other	4611570
Llc Mcr Capital	Maria ricci is the managing member and chief executive officer	1 Jan 2013	Other	46-2382678

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Mark John Kenyon	Tax matters partner	1 Apr 2000	25% - 50%	1777836
Ann Marie Kenyon	Partner	1 Apr 2000	25% - 50%	5666657
Joan Murtagh Marren	President	1 Sep 2008	25% - 50%	5362246
Maria C Ricci	Managing member and chief executive officer	1 Jan 2013	75% - 100%	4611570

Based in Valhalla

The principal office where Kstone Partners LLC performs its advisory services is located at 500 Summit Lake Drive, Valhalla, NY 10595, 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 914-495-7000 or by fax 914-488-5538. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at kstonepartners.com.