Castle Wealth Planning LLC (Santa Barbara)

Name: Castle Wealth Planning LLC
Address: 1105 Chapala St., Santa Barbara, CA, 93101
Telephone: 805-962-5630

Castle Wealth Planning LLC is a large advisory firm based in Santa Barbara. It manages $135.73 million of regulatory assets for 111 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California, New York, and Washington.

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

Castle Wealth Planning: assets under management

The assets under management (AUM) of Castle Wealth Planning LLC is $135.73 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 215% since the beginning of its operation, and $499.83 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $135.73 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.22 million each.

Investments

The firm invests in exchange traded securities the most. They account for 54% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 17% of the firm’s portfolio. Investments in state and local bonds form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Castle Wealth Planning LLC for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Castle Wealth Planning 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 Castle Wealth Planning is high net worth individuals with 39 clients and $86.87 million of assets under management. Among the 9 most similar advisory firms, Castle Wealth Planning has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $135.73 million for 111 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Castle Wealth Planning doesn't advise any private funds.

Careers at Castle Wealth Planning LLC

The company employs 2 people that are either part- or full-time employees. 50 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
Nathan Edward Cultice	Chief compliance officer, president, managing member	1 Aug 2006	75% - 100%	2873957

Based in Santa Barbara

The principal office where Castle Wealth Planning LLC performs its advisory services is located at 1105 Chapala St., Santa Barbara, CA 93101, which is also the mailing address of the firm. An additional office of the firm is in Goleta, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 805-962-5630 or by fax 805-962-5637. The normal business hours are 8am to 5pm on Monday - Friday. You can find more information about the New York firm at castlewealthplanning.com.