Bluestone Capital Management, LLC (Wayne)

Name: Bluestone Capital Management, LLC
Address: 37 West Ave, Wayne, PA, 19087
Telephone: 610-337-6500

Bluestone Capital Management, LLC is a large advisory firm based in Wayne. It manages $2.54 billion of regulatory assets for 1,462 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, Colorado, Connecticut, and 11 other states.

Bluestone Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, selection of other advisers, and 401(k) plan consulting services and collateral management. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Bluestone Capital Management: assets under management

The assets under management (AUM) of Bluestone Capital Management, LLC is $2.54 billion. The firm's AUM has grown by 1420% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $310.67 million in discretionary accounts and $2.23 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $217.25 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $69.63 million.

Investments

The firm invests in non-exchange traded securities the most. They account for 40% of the total AUM. The second-largest asset type is exchange traded securities, which make up 40% of the firm’s portfolio. Investments in investment and business development companies form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bluestone Capital Management, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Lee Albert Calfo serves?

The firm provides services to individuals, investment companies, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Lee Albert Calfo is pooled investment vehicles with 7 clients and $2.21 billion of assets under management. Among the 10 most similar advisory firms, Bluestone Capital Management has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.54 billion for 1,461 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Bluestone Capital Management also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Bluestone Capital Management, LLC

The company employs 20 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 20 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people 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.

Lee Albert Calfo has been acting as President since 1 Feb 2010. Kenneth Richard Smith joined the executive team most recently as the Cco.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Lee Albert Calfo	President	1 Feb 2010	Other	4782334
Inc. R5 Partners	Member (s corporation)	1 Sep 2012	75% - 100%	45-4682052
Brian C. Shevland	Chief executive officer	1 Sep 2012	Other	4570496
Kenneth Richard Smith	Cco	1 Jan 2014	Other	2300203

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Lee Albert Calfo	Members corporation	1 Sep 2012	50% - 75%	4782334

Based in Wayne

The principal office where Bluestone Capital Management, LLC performs its advisory services is located at 37 West Ave, Wayne, PA 19087, which is also the mailing address of the firm. An additional office of the firm is in Malvern, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 610-337-6500 or by fax 888-337-4887. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at bluestonecm.com.