Park Street Capital Advisers, L.L.C. (Boston)


Park Street Capital Advisers, L.L.C. is a large advisory firm based in Boston. It manages $1.53 billion of regulatory assets for 15 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdiction of Massachusetts.

Park Street Capital Advisers, L.L.C provides portfolio management for pooled investment vehicles and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Park Street Capital Advisers, L.L.C: assets under management

The assets under management (AUM) of Park Street Capital Advisers, L.L.C. is $1.53 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 639% since the beginning of its operation, and $68.33 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.53 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $101.82 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Park Street Capital Advisers, L.L.C. for their services and products based on a percentage of assets under management and performance-based 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 Park Street Capital Advisers, L.L.C serves?

The only and largest group of clients of Park Street Capital Advisers, L.L.C is pooled investment vehicles with 15 clients and $1.53 billion of assets under management. Among the 10 most similar advisory firms, Park Street Capital Advisers, L.L.C has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.53 billion for 15 clients. None of the firm’s clients are foreign persons or businesses.

Park Street Capital Advisers, L.L.C also advises several private funds. Namely, fifteen other private funds. The minimum investment commitment required of non-related persons ranges from $15,000 to $50,000.

Careers at Park Street Capital Advisers, L.L.C.

The company employs 8 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No 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
Kristine Dailey Director and executive vice president - park street capital, l.l.c. (relying adviser) 1 Feb 2001 Other 2383675
Robert Gary Segel Member, managing director and president 1 Dec 2001 75% - 100% 418037
Kristine Dailey Director and executive vice president 1 Dec 2001 Other 2383675
Dorr Buckley Begnal Director and executive vice president 1 Dec 2001 Other 4360753
Harry Austin Turner Director and vice president 1 Dec 2001 Other 2123188
Kenneth Gaines Smith Director and vice president 1 Nov 2002 Other 2605619
Heather Foley Cfo, coo and treasurer (park street capital advisers, l.l.c. and all relying advisers) 1 Dec 2002 Other 5030391
John Fantozzi Director and vice president 1 Sep 2005 Other 5102062
Robert Gary Segel Member, managing director - park street capital ii, l.l.c. (relying adviser) 1 Sep 2006 50% - 75% 418037
Dorr Buckley Begnal Member, managing director - park street capital ii, l.l.c. (relying adviser) 1 Sep 2006 25% - 50% 4360753
Kristine Dailey Member, managing director - park street capital ii, l.l.c. (relying adviser) 1 Sep 2006 25% - 50% 2383675
John Fantozzi Director and vice president - park street capital, l.l.c. (relying adviser) 1 Sep 2006 Other 5102062
Kenneth Gaines Smith Director and vice president - park street capital, l.l.c. (relying adviser) 1 Sep 2006 Other 2605619
Sascha Ann Rosebush General counsel and chief compliance officer (park street capital advisers, l.l.c. and all relying advisers) 1 Mar 2011 Other 5907360
Kenneth Gaines Smith Managing director and vice president 1 Jun 2011 Other 2605619
John Fantozzi Managing director and vice president 1 Jun 2011 Other 5102062
Kristine Dailey Member, managing director and executive vice president 1 Jul 2011 25% - 50% 2383675
Dorr Buckley Begnal Member, managing director and executive vice president 1 Jul 2011 25% - 50% 4360753
Kenneth Gaines Smith Member, managing director and executive vice president 1 Jul 2011 Other 2605619
John Fantozzi Member, managing director and executive vice president 1 Jul 2011 Other 5102062
Robert Gary Segel Member, managing director - park street capital iii, l.l.c. (relying adviser) 1 Sep 2011 25% - 50% 418037
Dorr Buckley Begnal Member, managing director - park street capital iii, l.l.c. (relying adviser) 1 Sep 2011 25% - 50% 4360753
Kristine Dailey Member, managing director - park street capital iii, l.l.c. (relying adviser) 1 Sep 2011 25% - 50% 2383675
John Fantozzi Member, managing director - park street capital iii, l.l.c. (relying adviser) 1 Sep 2011 Other 5102062
Kenneth Gaines Smith Member, managing director - park street capital iii, l.l.c. (relying adviser) 1 Sep 2011 Other 2605619
L.P. Psc Management Sole member psc management, l.l.c - relying adviser 1 Jan 2014 75% - 100% 38-3920606
John Fantozzi Member and managing director 1 Jan 2014 Other 5102062
Kenneth Gaines Smith Member and managing director 1 Jan 2014 Other 2605619
L.L.C. Psc Management Sole member (park street capital, l.l.c.; park street capital ii, l.l.c. and park street capital iii, l.l.c -- relying advisers) 1 Jan 2014 75% - 100% 90-1034360

Indirect Owners

The SEC currently registers 4 indirect owners.

Name Entity Date acquired Ownership Employer ID
L.L.C. Psc Management Gp General partner 1 Jan 2014 Other 46-4317294
Robert Gary Segel Limited partner 1 Jan 2014 25% - 50% 418037
Dorr Buckley Begnal Limited partner 1 Jan 2014 25% - 50% 4360753
Kristine Dailey Limited partner 1 Jan 2014 25% - 50% 2383675

Based in Boston

The principal office where Park Street Capital Advisers, L.L.C. performs its advisory services is located at 470 Atlantic Ave, Boston, MA 02210, 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 617-897-9200 or by fax 617-897-9201. The normal business hours are 9 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at parkstreetcapital.com.

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