Streetone Investment Management LLC (Somerset)

Name: Streetone Investment Management LLC
Address: 7 Victoria Drive, Somerset, NJ, 08873
Telephone: 212-671-1030

Streetone Investment Management LLC is an internet adviser based in Somerset. It manages $151.99 thousand of regulatory assets for 45 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Indiana, New Jersey, and Texas.

Streetone Investment Management provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Streetone Investment Management: assets under management

The assets under management (AUM) of Streetone Investment Management LLC is $151.99 thousand, all of which is managed in discretionary accounts. The firm's AUM has grown by 1722% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $151.99 thousand in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.38 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Streetone Investment 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 Streetone Investment Management serves?

The only and largest group of clients of Streetone Investment Management is individuals with 45 clients and $151.99 thousand of assets under management. Among the 2 most similar advisory firms, Streetone Investment Management has the lowest percentage of individuals out of all clients.

The amount of regulatory assets under management is $151.99 thousand for 45 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.

Streetone Investment Management doesn't advise any private funds.

Careers at Streetone Investment Management LLC

The company employs 3 people that are either part- or full-time employees. 33 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.

Kaushik (Nmn) Sinha joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Streetone Inc.	Managing member, parent entity	1 Dec 2014	75% - 100%	47-2450188
Seshadri (Nmn) Krishnan	Elected manager, chief executive officer	1 Jan 2015	Other	6702261
Kaushik (Nmn) Sinha	Elected manager, chief technology officer	1 Jan 2015	Other	6702269
Seshadri Krishnan	Chief executive officer	1 Jan 2015	50% - 75%	6702261
Kaushik Sinha	Chief technology officer	1 Jan 2015	Other	6702269
Seshadri Nmn Krishnan	Chief executive officer, elected manager	1 Jan 2015	Other	6702261
Kaushik Nmn Sinha	Chief technology officer, elected manager	1 Jan 2015	Other	6702269
Subrahmanyan (Nmn) Narayan	Elected manager, chief compliance officer, chief operations officer	1 Aug 2015	Other	6701467
Subrahmanyan Narayan	Chief compliance officer, chief operations officer	1 Aug 2015	Other	6701467
Subrahmanyan Nmn Narayan	Chief compliance officer, chief operations officer, elected manager	1 Aug 2015	Other	6701467

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Seshadri (Nmn) Krishnan	Shareholder	1 Dec 2014	50% - 75%	6702261
Seshadri Nmn Krishnan	Shareholder	1 Dec 2014	50% - 75%	6702261
Kaushik (Nmn) Sinha	Shareholder	1 Feb 2017	25% - 50%	6702269

Based in Somerset

The principal office where Streetone Investment Management LLC performs its advisory services is located at 7 Victoria Drive, Somerset, NJ 08873, 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 212-671-1030. The normal business hours are 9 am - 5 pm est on Monday - Friday. You can find more information about the New York firm at streetone.com and its LinkedIn profile.