Castleark Management LLC
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Overview
Castleark Management LLC operates as a financial advisory firm based in Chicago, Illinois. The firm has $2.8 billion in total assets across 40 customer accounts, making it one of the biggest firms in the country by assets under management (AUM). It has a small group, including 21 financial advisors. Castleark Management LLC is not a registered broker-dealer, signifying that the advisor cannot buy and sell securities for its own accounts as well as its customers' and instead has to go through a broker-dealer company to do so. Securities are defined as tradable fiscal investments like stocks, bonds and options.
Castleark Management LLC manages all of the company's client assets on a discretionary basis. Discretionary management means that an investment advisor makes buy and sell choices without needing the customer's approval. The firm's average account size is $69.6 million. The typical advisor at Castleark Management LLC manages around two client accounts, making it one of the most personalized firms in the country.
The firm's headquarters is located at 1 N. Wacker Drive, Suite 3950, Chicago, Illinois 60606. Castleark Management LLC is permitted to serve clients in the state of Illinois.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Castleark Management LLC by the Numbers
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/assets@2x.png)
$2.8 billion
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/employees@2x.png)
29
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/accounts@2x.png)
40
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/account-size@2x.png)
$69.6 million
Fee Structure
A financial advisor's fees usually vary depending on which service is provided. Fees billed by the firm likely consist of some combination of the following fee types: asset-based or performance-based. The firm participates in a wrap fee program, in which the company offers a service bundle for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
Castleark Management LLC provides services to high net worth investors, pooled investment vehicles, pension plans and state or municipal government entities. Out of its 40 accounts, Castleark Management LLC's largest client type by number of accounts is high net worth investors, but it also manages money for 24 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's accounts are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 63.16%
- Other Individuals - 0%
- Corporations - 36.84%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Castleark Management LLC does not have any disclosures.
Please visit its Form ADV for more details.
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