Karsten Financial Services, LP is a large advisory firm based in Fort Worth. It manages $413.8 million of regulatory assets for 1,915 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Arizona, Arkansas, California, and 7 other states.
Karsten Financial Services 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.
The assets under management (AUM) of Karsten Financial Services, LP is $413.8 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 429% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Karsten Financial Services, LP for their services and products based on a percentage of assets under management and hourly charges. 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.
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 Thomas Arthur Karsten is high net worth individuals with 101 clients and $224.69 million of assets under management. Among the 9 most similar advisory firms, Karsten Financial Services has the 4th lowest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $413.8 million for 846 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.
Karsten Financial Services doesn't advise any private funds.
The company employs 19 people that are either part- or full-time employees. 53 percent of the employees work as investment advisers or researchers. 10 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.
Thomas Arthur Karsten has been acting as President since 1 Dec 1995. Jeffrey Charles Paladini joined the executive team most recently as the Managing Partner.
The principal office where Karsten Financial Services, LP performs its advisory services is located at 3526 West Vickery Blvd, Fort Worth, TX 76107, which is also the mailing address of the firm. An additional office of the firm is in Louisville, CO. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 817-295-7400 or by fax 817-295-7488. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at karstenfinancial.com.