Castleark Management LLC (Chicago)

Name: Castleark Management LLC
Address: 1 N. Wacker Drive, Suite 3950, Chicago, IL, 60606
Telephone: 312-456-9682

Castleark Management LLC is a large advisory firm based in Chicago. It manages $2.87 billion of regulatory assets for 25 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Illinois.

Castleark Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Castleark Management: assets under management

The assets under management (AUM) of Castleark Management LLC is $2.87 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 132% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.87 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $114.85 million each.

Investments

The firm invests in exchange traded securities the most. They account for 85% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 6% of the firm’s portfolio. Investments in investment grade corporate bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Castleark 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 Jerome A Castellini serves?

The firm provides services to investment companies, high net worth individuals, pooled investment vehicles, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Jerome A Castellini is state or municipal government entities with 8 clients and $2.16 billion of assets under management. Among the 8 most similar advisory firms, Castleark Management has the highest percentage of state or municipal government entities out of all clients.

The amount of regulatory assets under management is $2.87 billion for 24 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 5% of the firm’s clients are foreign persons or businesses.

Castleark Management also advises several private funds. Namely, one hedge fund.

Careers at Castleark Management LLC

The company employs 30 people that are either part- or full-time employees. 57 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Castleark Management LLC is owned by William Albert Lupien. Jerome A Castellini has been acting as President since 1 Jan 1999. Kevin M Dolsen joined the executive team most recently as the Cheif Executive Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jerome A Castellini	President	1 Jan 1999	75% - 100%	1333585
Edward Clark	Vice president & secretary	1 Jan 1999	25% - 50%	1852729
William Albert Lupien	Owner	1 Jan 1999	Other	314610
Perth Capital L.L.C.	Owner	1 May 1999	Other	38-2507962
Robert Satoru Takazawa	Senior vice president	1 Jan 2000	Other	1324369
James H Castellini	General counsel	1 Oct 2004	Other	5031741
Richard J Simek	Chief compliance officer	1 Sep 2012	Other	4956922
James Arthur Stark	Senior vice president	1 Jan 2013	Other	1965258
Joan Kathryn Rockey	Member, preferred and common	1 Jan 2014	Other	4562343
Kevin M Dolsen	Cheif executive officer	1 Apr 2014	Other	6352504

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Valassis Enterprises	Owner	1 May 1999	75% - 100%	38-2706946

Based in Chicago

The principal office where Castleark Management LLC performs its advisory services is located at 1 N. Wacker Drive, Suite 3950, Chicago, IL 60606, 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 312-456-9682 or by fax 312-456-9690. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at castleark.com.