Shoreline Asset Management, LLC (New Castle)

Name: Shoreline Asset Management, LLC
Address: 412 South Main Street, New Castle, IN, 47362 3311
Telephone: 765-593-2487

Shoreline Asset Management, LLC is a large advisory firm based in New Castle. It manages $158.88 million of regulatory assets for 596 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Florida, Illinois, Indiana, and 3 other states.

Shoreline Asset Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, 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.

Shoreline Asset Management: assets under management

The assets under management (AUM) of Shoreline Asset Management, LLC is $158.88 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 389% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $158.88 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $266.58 thousand each.

Shoreline Asset Management has custody of $8.71 million in cash and securities for 22 clients 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 56% of the total AUM. The second-largest asset type is government bonds, which make up 16% of the firm’s portfolio. Investments in investment grade corporate bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Shoreline Asset 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 Shoreline Asset Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Shoreline Asset Management is high net worth individuals with 32 clients and $98.07 million of assets under management. Among the 9 most similar advisory firms, Shoreline Asset Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $158.88 million for 266 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.

Shoreline Asset Management doesn't advise any private funds.

Careers at Shoreline Asset Management, LLC

The company employs 11 people that are either part- or full-time employees. 64 percent of the employees work as investment advisers or researchers. 7 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 compensates 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
Marion Eugene Shore	Managing member & chief compliance officer	1 Mar 1998	50% - 75%	4561429
Robert Jay Bumbalough	Member	1 Jan 2002	50% - 75%	4561433
Timothy Brad Woodward	Chief compliance officer	1 Jul 2018	Other	6191791

Based in New Castle

The principal office where Shoreline Asset Management, LLC performs its advisory services is located at 412 South Main Street, New Castle, IN 47362 3311, which is also the mailing address of the firm. An additional office of the firm is in Carmel, IN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 765-593-2487 or by fax 765-521-4629. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at linkedin.com/company/5050724/ and its LinkedIn profile.