Castle Rock Wealth Management, LLC (Walnut Creek)


Castle Rock Wealth Management, LLC is a large advisory firm based in Walnut Creek. It manages $244.86 million of regulatory assets for 1,101 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Arizona, California, Colorado, and 4 other states.

Castle Rock Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Castle Rock Wealth Management: assets under management

The assets under management (AUM) of Castle Rock Wealth Management, LLC is $244.86 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 131% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $244.86 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $222.39 thousand each.
Castle Rock Wealth Management has custody of $30 million in cash and securities for 169 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 73% of the total AUM. The second-largest asset type is investment and business development companies, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Castle Rock Wealth Management, 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.

What kind of clients Castle Rock Wealth Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Castle Rock Wealth Management is individuals with 1,049 clients and $140.64 million of assets under management. Among the 12 most similar advisory firms, Castle Rock Wealth Management has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $244.86 million for 1,101 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.

Castle Rock Wealth Management doesn't advise any private funds.

Careers at Castle Rock Wealth Management, LLC

The company employs 18 people that are either part- or full-time employees. 56 percent of the employees work as investment advisers or researchers. 10 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
James Blair Luippold Managing member 1 Jun 2015 75% - 100% 3031318
Jennifer Rose Luippold Chief compliance officer 1 May 2017 Other xxx-xx-xxxx

Based in Walnut Creek

The principal office where Castle Rock Wealth Management, LLC performs its advisory services is located at 1777 Botelho Dr., Walnut Creek, CA 94596, which is also the mailing address of the firm. An additional office of the firm is in Kellogg, ID. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 925-478-8800 or by fax 925-478-8805. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at crwmadvisors.com and its LinkedIn profile.