Marstone LLC (New York)

Name: Marstone LLC
Address: 575 Fifth Avenue, New York, NY, 10017
Telephone: 212.203.7790

Marstone LLC is an internet adviser based in New York. It manages $28.01 thousand of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California, Connecticut, New York, and Rhode Island.

Marstone provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Marstone: assets under management

The assets under management (AUM) of Marstone LLC is $28.01 thousand, all of which is managed in discretionary accounts. The firm's AUM has grown by 5501% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $28.01 thousand in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $5.6 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 98% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Marstone LLC for their services and products based on a percentage of assets under management. 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.

Careers at Marstone LLC

The company employs 25 people that are either part- or full-time employees. 8 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
Inc Marstone	Managing member	1 Sep 2012	75% - 100%	45-4444870
Llc Rational Group	Managing member	1 Sep 2012	75% - 100%	45-4444870
Margaret Josephine Hartigan	Ceo, cco	1 Nov 2012	Other	4604083
Burton J Esrig	Coo	1 Aug 2013	Other	1262656
Marc B. Minor	Chief compliance officer	1 May 2015	Other	6623029
Christopher Dalton Lavine	Chief financial officer	1 Dec 2017	Other	5575702
Christopher Dalton Lavine	Chief financial officer	1 Dec 2018	Other	5575702

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Margaret Josephine Hartigan	Shareholder	1 Jun 2011	50% - 75%	4604083

Based in New York

The principal office where Marstone LLC performs its advisory services is located at 575 Fifth Avenue, New York, NY 10017 The mailing address of the firm is 132 East 43 Rd Street, New York, NY 10017. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212.203.7790 or by fax 732.400.9198. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at marstone.com.