Castanea Partners Inc. (Newton)

Name: Castanea Partners Inc.
Address: Three Newton Executive Park Ste 304, Newton, MA, 02462
Telephone: 617-630-2400

Castanea Partners Inc. is a large advisory firm based in Newton. It manages $1.06 billion of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Massachusetts.

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

Castanea Partners: assets under management

The assets under management (AUM) of Castanea Partners Inc. is $1.06 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 91% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.06 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $176.33 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Castanea Partners Inc. 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.

What kind of clients Castanea Partners serves?

The only and largest group of clients of Castanea Partners is pooled investment vehicles with 6 clients and $1.06 billion of assets under management. Among the 8 most similar advisory firms, Castanea Partners has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.06 billion for 6 clients. None of the firm’s clients are foreign persons or businesses.

Castanea Partners also advises several private funds. Namely, six private equity funds.

Careers at Castanea Partners Inc.

The company employs 26 people that are either part- or full-time employees. 92 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
Brian Jonathan Knez	Managing partner	1 Jul 2001	50% - 75%	4521397
Robert Alan Smith	Managing partner	1 Jul 2001	50% - 75%	4521393
Paul Francis Gibbons	Chief operating officer	1 Jan 2002	Other	6021962
Colleen Patricia Love	Chief compliance officer and chief financial officer	1 Jan 2012	Other	6021960
Steven Thomas Berg	Managing partner	1 Sep 2014	Other	6451943

Based in Newton

The principal office where Castanea Partners Inc. performs its advisory services is located at Three Newton Executive Park Ste 304, Newton, MA 02462, 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 617-630-2400 or by fax 617-630-2424. The normal business hours are 9:00 to 5:00 on Monday - Friday. You can find more information about the New York firm at castaneapartners.com.