Derastone LLC is a mid-sized advisory firm based in New York. It manages $37.01 million of regulatory assets for 13 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of New York.
Derastone provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Derastone LLC is $37.01 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -6% since the beginning of its operation, and $18.63 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Derastone LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The only and largest group of clients of Derastone is high net worth individuals with 5 clients and $18.43 million of assets under management. Among the 1 most similar advisory firms, Derastone has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $18.43 million for 5 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 42% of the firm’s clients are foreign persons or businesses.
Derastone doesn't advise any private funds.
The company employs 1 person that is either a part- or full-time employee. 100 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 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.
The principal office where Derastone LLC performs its advisory services is located at 303 E 83 Rd, New York, NY 10028, 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 (917) 789-1770. The normal business hours are by appointment only on Other. You can find more information about the New York firm at wealthhabits.com/ and its LinkedIn profile.