New Castle Funds LLC (White Plains)

New Castle Funds LLC is a large advisory firm based in White Plains. It manages $971.95 million of regulatory assets for 10 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Delaware and New York.

New Castle Funds provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

New Castle Funds: assets under management

The assets under management (AUM) of New Castle Funds LLC is $971.95 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -1% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $971.95 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $97.19 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay New Castle Funds LLC 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.

Careers at New Castle Funds LLC

Robert Stanley Reitzes has been acting as President since 1 Oct 2008. Mark Allen Kurland joined the executive team most recently as the Ceo/Member/On Leave Of Absence.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mark Allen Kurland	Ceo/member	1 Oct 2008	25% - 50%	1201105
Robert Stanley Reitzes	President/coo/member	1 Oct 2008	25% - 50%	1488551
Scott Adam Merves	Exec vice-president/member	1 Oct 2008	Other	2586660
Gerald Richard Cummins	Cfo and chief compliance officer	1 Oct 2008	Other	1322563
Elissa Beth Gruber	Treasurer/controller	1 Oct 2008	Other	1747815
Mark Allen Kurland	Ceo/member/on leave of absence	1 Oct 2009	25% - 50%	1201105

Based in White Plains

The principal office where New Castle Funds LLC performs its advisory services is located at 1 North Lexington Avenue, White Plains, NY 10601, 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.