Castleview Partners, LLC (Dallas)

Name: Castleview Partners, LLC
Address: 8111 Preston Road, Dallas, TX, 75225
Telephone: 214-710-1995

Castleview Partners, LLC is a large advisory firm based in Dallas. It manages $268.68 million of regulatory assets for 1,162 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Arkansas, Florida, Illinois, Ohio, and Texas.

Castleview Partners provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Castleview Partners: assets under management

The assets under management (AUM) of Castleview Partners, LLC is $268.68 million. The firm's AUM has grown by 143% since the beginning of its operation, and $956.85 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $221.6 million in discretionary accounts and $47.08 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $275.28 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $131.86 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 48% of the total AUM. The second-largest asset type is exchange traded securities, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Castleview Partners, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Castleview Partners serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Castleview Partners is high net worth individuals with 140 clients and $209.8 million of assets under management. Among the 13 most similar advisory firms, Castleview Partners has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $267.64 million for 423 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.

Castleview Partners doesn't advise any private funds.

Careers at Castleview Partners, LLC

The company employs 15 people that are either part- or full-time employees. 67 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
Douglas Wayne Gill	Cco	1 Jul 2015	Other	2129646
Inc. Gill Capital Management	Member	1 Jul 2015	75% - 100%	75-2825228
Umberto Perez	Member, manager	1 Sep 2015	Other	4149270
Castleview Advisory	Member	1 Nov 2016	Other	281688
Michael Peter Mansur	Principal	1 Nov 2016	Other	2966580
Briton Michael Chamberlain	Principal, cco	1 Jul 2018	Other	4815403
Lawrence C Heller	Principal, cio	1 Jul 2018	Other	2462197
David Moises Fajardo	Principal, director of capital markets	1 Oct 2018	Other	4703965

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Douglas Wayne Gill	Shareholder	1 Jul 1999	75% - 100%	2129646
Michael Peter Mansur	Member	1 Nov 2015	75% - 100%	2966580

Based in Dallas

The principal office where Castleview Partners, LLC performs its advisory services is located at 8111 Preston Road, Dallas, TX 75225, which is also the mailing address of the firm. An additional office of the firm is in Coral Gables, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 214-710-1995 or by fax 214-945-2689. The normal business hours are 8am to 5pm on Monday - Friday. You can find more information about the New York firm at castleviewpartners.com.