Stelac Advisory Services LLC (New York)

Name: Stelac Advisory Services LLC
Address: 654 Madison Avenue, New York, NY, 10065
Telephone: 212-920-3890

Stelac Advisory Services LLC is a large advisory firm based in New York. It manages $1.69 billion of regulatory assets for 343 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Florida and New York.

Stelac Advisory Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and publication of newsletters. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Stelac Advisory Services: assets under management

The assets under management (AUM) of Stelac Advisory Services LLC is $1.69 billion. The firm's AUM has grown by 157% since the beginning of its operation, and $1.63 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $1.33 billion in discretionary accounts and $365.2 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $5.7 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.32 million.

Stelac Advisory Services has custody of $12.04 million in cash and securities for 34 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 37% of the total AUM. The second-largest asset type is investment and business development companies, which make up 31% of the firm’s portfolio. Investments in non-exchange traded securities form 16% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Stelac Advisory Services LLC for their services and products based on a percentage of assets under management and fixed fees. 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 Stelac Advisory Services serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Stelac Advisory Services is high net worth individuals with 73 clients and $1.59 billion of assets under management. Among the 10 most similar advisory firms, Stelac Advisory Services has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.6 billion for 75 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 96% of the firm’s clients are foreign persons or businesses.

Stelac Advisory Services also advises several private funds. Namely, one hedge fund and one private equity fund. The minimum investment commitment required of non-related persons is $100,000 for each fund.

Careers at Stelac Advisory Services LLC

The company employs 28 people that are either part- or full-time employees. 39 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 are 4 people 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Integer	Owner	1 Jun 2007	75% - 100%	20-8514201
Charles De Viel Castel	Manager	1 Jun 2007	Other	4431131
Charles De Salviac De Viel Castel	Manager	1 Jun 2007	Other	4431131
Proximus Advisors Llc	Partner	1 Sep 2007	Other	xxx-xx-xxxx
Palmas Llc	Partner	1 Sep 2007	Other	26-3295235
Carlos Manuel Lopez Ona	Cfo/chief compliance officer	1 Nov 2007	Other	5476924
Carlos Eduardo Padula	Ceo and owner	1 Nov 2007	Other	5476923
Carlos Lopez Ona	Cfo	1 Nov 2007	Other	5476924
Carlos E. Padula	Managing director	1 Nov 2007	Other	5476923
Thomas John Grimm	Chief compliance officer	1 Jan 2008	Other	4373622
Eric Javier Castillo	Coo	1 May 2010	Other	2922044

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Charles De Salviac De Viel Castel	Manager	1 Feb 2007	50% - 75%	4431131
Llc Cvc Holdings	Owner	1 Feb 2007	50% - 75%	20-8514028
Charles De Viel Castel	Manager	1 Feb 2007	Other	4431131
Tipugno Irrevocable Trust	Owner	1 Jan 2010	25% - 50%	26-6891183
Cpsas Holdings Llc	Owner	1 Oct 2018	25% - 50%	83-2038739

Based in New York

The principal office where Stelac Advisory Services LLC performs its advisory services is located at 654 Madison Avenue, New York, NY 10065, which is also the mailing address of the firm. An additional office of the firm is in Miami, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-920-3890 or by fax 212-920-3888. The normal business hours are 9:00 am - 6:00 pm on Monday - Friday. You can find more information about the New York firm at stelac.com and its LinkedIn profile.