Castle Financial & Retirement Planning Associates Inc (Fair Haven)


Castle Financial & Retirement Planning Associates Inc is an investment adviser to an investment company based in Fair Haven. It manages $70.68 million of regulatory assets for 313 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, New Jersey, New York, Pennsylvania, and Texas.

Castle Financial & Retirement Planning Associates provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Castle Financial & Retirement Planning Associates: assets under management

The assets under management (AUM) of Castle Financial & Retirement Planning Associates Inc is $70.68 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 70% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $70.68 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $225.81 thousand each.
Castle Financial & Retirement Planning Associates has custody of $567 thousand in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 82% of the total AUM. The second-largest asset type is exchange traded securities, which make up 13% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Castle Financial & Retirement Planning Associates Inc 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 Castle Financial & Retirement Planning Associates serves?

The firm provides services to individuals, investment companies, and high net worth individuals. The largest group of clients of Castle Financial & Retirement Planning Associates is investment companies with 1 clients and $30.64 million of assets under management. Among the 6 most similar advisory firms, Castle Financial & Retirement Planning Associates has the 2nd highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $70.68 million for 144 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.

Castle Financial & Retirement Planning Associates doesn't advise any private funds.

Careers at Castle Financial & Retirement Planning Associates Inc

The company employs 5 people that are either part- or full-time employees. 20 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Alphonse Albert Procaccino President, ceo & chief compliance officer 1 Jun 1992 75% - 100% 715731
Korey Matthew Bauer Vice president 1 Jul 2011 Other 5944969

Based in Fair Haven

The principal office where Castle Financial & Retirement Planning Associates Inc performs its advisory services is located at 740 River Road, Fair Haven, NJ 07704, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 732-888-4994 or by fax 732-888-8312. The normal business hours are 9:00 am to 4:00 pm on Monday - Friday. You can find more information about the New York firm at castlefinancial.com.