Crystal Capital Partners, LLC (Bay Harbor Islands)

Crystal Capital Partners provides hedge and private equity fund advisory. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Crystal Capital Partners: assets under management

The assets under management (AUM) of Crystal Capital Partners, LLC is $515 million. The firm's AUM has gone down by -43% since the beginning of its operation, and $91 million of the total AUM is attributable to clients outside of the United States.

The firm manages $14 million in discretionary accounts and $501 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.5 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.19 million.

Crystal Capital Partners has custody of $515 million in cash and securities for 233 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Crystal Capital Partners, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Crystal Capital Partners serves?

The only and largest group of clients of Crystal Capital Partners is pooled investment vehicles with 9 clients and $515 million of assets under management. Among the 9 most similar advisory firms, Crystal Capital Partners has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $515 million for 9 clients. 18% of the firm’s clients are foreign persons or businesses.

Crystal Capital Partners also advises several private funds. Namely, two hedge funds and two other private funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $1,000,000.

Careers at Crystal Capital Partners, LLC

The company employs 18 people that are either part- or full-time employees. 22 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 8 people 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.

Nicole Suzanne Dandridge joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 15 indirect owners.

Based in Bay Harbor Islands

The principal office where Crystal Capital Partners, LLC performs its advisory services is located at 1111 Kane Concourse, Bay Harbor Islands, FL 33154, 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 305-868-1500. The normal business hours are 9:00-5:00 on Monday - Friday. You can find more information about the New York firm at crystalfunds.com and its LinkedIn profile.

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