Gladstone Institutional Advisory LLC (Bedminster)


Gladstone Institutional Advisory LLC is a large advisory firm based in Bedminster. It manages $613.65 million of regulatory assets for 3,193 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Arizona, California, Connecticut, and 15 other states.

Gladstone Institutional Advisory provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, educational seminars and workshops, and solicitation/referral and consulting services. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Gladstone Institutional Advisory: assets under management

The assets under management (AUM) of Gladstone Institutional Advisory LLC is $613.65 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 453% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $613.65 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $192.19 thousand each.
Gladstone Institutional Advisory has custody of $105.04 million in cash and securities for 355 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 73% of the total AUM. The second-largest asset type is exchange traded securities, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Gladstone Institutional Advisory LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Robert Paul Hudson 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 Robert Paul Hudson is individuals with 1,569 clients and $363.38 million of assets under management. Among the 10 most similar advisory firms, Gladstone Institutional Advisory has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $613.65 million for 1,755 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.

Gladstone Institutional Advisory doesn't advise any private funds.

Careers at Gladstone Institutional Advisory LLC

The company employs 46 people that are either part- or full-time employees. 96 percent of the employees work as investment advisers or researchers. 46 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 doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Robert Paul Hudson has been acting as President since 1 May 2015. Robert Paul Slomin joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Robert Paul Hudson President 1 May 2015 75% - 100% 4793590
Dennis Mcpartlan Chief compliance officer 1 May 2015 Other 4008681
Bernard Frize Chief compliance officer 1 Feb 2016 Other 2366022
Richard Gaspare Dragotta Chief compliance officer 1 May 2017 Other 2056192
Robert Paul Slomin Chief compliance officer 1 Jun 2017 Other 3043306

Based in Bedminster

The principal office where Gladstone Institutional Advisory LLC performs its advisory services is located at 1400 Rt. 206, Bedminster, NJ 07921, which is also the mailing address of the firm. An additional office of the firm is in Boca Raton, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 908-719-1313 or by fax 908-719-1331. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at gladstonewealth.com and its LinkedIn profile.