Cribstone Capital Management, LLC (Augusta)

Name: Cribstone Capital Management, LLC
Address: 7 North Chestnut St, Augusta, ME, 04330
Telephone: (207) 844-2000

Cribstone Capital Management, LLC is a large advisory firm based in Augusta. It manages $470.1 million of regulatory assets for 1,409 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Colorado, Florida, Maine, and 4 other states.

Cribstone Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cribstone Capital Management: assets under management

The assets under management (AUM) of Cribstone Capital Management, LLC is $470.1 million. The firm's AUM has grown by 81% since the beginning of its operation, and $831.97 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $408.8 million in discretionary accounts and $61.31 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $324.18 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $414.25 thousand.

Cribstone Capital Management has custody of $141.21 million in cash and securities for 266 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 44% of the total AUM. The second-largest asset type is investment and business development companies, which make up 22% of the firm’s portfolio. Investments in investment grade corporate bonds form 19% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cribstone Capital Management, 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 Cribstone Capital Management serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Cribstone Capital Management is high net worth individuals with 141 clients and $327.54 million of assets under management. Among the 9 most similar advisory firms, Cribstone Capital Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $470.1 million for 491 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.

Cribstone Capital Management doesn't advise any private funds.

Careers at Cribstone Capital Management, LLC

The company employs 9 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 4 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
Edward E Moran	Chief compliance office	1 Aug 2013	Other	2297418
Scott Edward Upham	Chief compliance officer	1 May 2015	75% - 100%	2377756
Odette Suzanne Galli	Director of investment strategies	1 May 2015	Other	1325686
Odette Suzanne Thurston	Director, private client services, member- investment committee	1 May 2015	Other	1325686
Edward E Moran	Chief compliance officer	1 Aug 2018	Other	2297418

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
John Denis Duffy	Director, private client services	1 May 2015	Other	2715123

Based in Augusta

The principal office where Cribstone Capital Management, LLC performs its advisory services is located at 7 North Chestnut St, Augusta, ME 04330, which is also the mailing address of the firm. An additional office of the firm is in Brunswick, ME. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (207) 844-2000 or by fax (207) 844-2020. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at cribstonecapital.com.