Castle Harlan, Inc

CRD#158106
Investment Advisor Firm

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Learn more about Castle Harlan, Inc

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    Castle Harlan, Inc operates as a financial advisory company located in New York, New York. Castle Harlan, Inc has $841.7 million in total assets across 19 client accounts, placing it among the larger investment advisory firms in the United States by assets under management (AUM). Castle Harlan, Inc has a small team, including 14 financial advisors. Castle Harlan, Inc does not act as a registered broker-dealer, meaning the advisor is not able to buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer company to do so. Securities are defined as tradable fiscal assets like bonds, stocks and options.

    Castle Harlan, Inc administers all of its client assets on a discretionary basis. Discretionary management means that transaction judgments for the client's account are made by a portfolio manager without needing client authorization. The investment advisory firm's typical account size is $44.3 million. An average financial advisor at Castle Harlan, Inc manages about one client account, making it one of the most individualized firms in the country.

    The company's headquarters is at 150 East 58Th Street, New York, New York 10155. It is legally permitted to provide services to customers throughout a few states, including Florida and New York.

    Assets Under Management

    $841.7 million

    Number of Advisors

    14

    Disclosures

    No

    Office Location

    150 East 58Th Street
    New York, NY 10155

    Castle Harlan, Inc by the Numbers

    Total Assets Under Management

    $841.7 million

    National Average: $8.6 billion
    Total Number of Employees

    21

    National Average: 64
    Total Number of Accounts

    19

    National Average: 375,227
    Average Account Size

    $44.3 million

    National Average: $23.0 thousand
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    Fee Structure

    Fees for financial management largely depend on the financial services offered. Fees charged by Castle Harlan, Inc can be comprised of the following fee types: asset-based or performance-based. The firm does not supply a wrap fee program, in which the firm offers a bundle of services for a single fee.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 26% of firms

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 32% of firms that offer this fee type

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    Back to Overview

    Types of Clients

    The firm provides services to pooled investment vehicles. Out of its 19 customers, Castle Harlan, Inc's biggest client type by number of accounts is pooled investment vehicles. About 32% of the firm's customers are from outside of the U.S.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 0%
    • Corporations - 100%
    • 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

    Castle Harlan, Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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