Whitestar Advisors, LLC (Boca Raton)

Name: Whitestar Advisors, LLC
Address: 902 Clint Moore Road, Boca Raton, FL, 33487
Telephone: 561-999-9949

Whitestar Advisors, LLC is a large advisory firm based in Boca Raton. It manages $680 million of regulatory assets for 41 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdiction of Florida.

Whitestar Advisors provides real estate investments. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Whitestar Advisors: assets under management

The assets under management (AUM) of Whitestar Advisors, LLC is $680 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 382% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $680 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $16.59 million each.

Whitestar Advisors has custody of $680 million in cash and securities for 41 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 97% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Whitestar Advisors, 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 Whitestar Advisors serves?

The only and largest group of clients of Whitestar Advisors is pension and profit sharing plans with 41 clients and $680 million of assets under management. Among the 6 most similar advisory firms, Whitestar Advisors has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $680 million for 41 clients. None of the firm’s clients are foreign persons or businesses.

Whitestar Advisors doesn't advise any private funds.

Careers at Whitestar Advisors, LLC

The company employs 13 people that are either part- or full-time employees. 62 percent of the employees work as investment advisers or researchers. No 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Whitestar Holdings	Managing member	1 Nov 2002	50% - 75%	65-1083708
Llc Lundsten O'donnell Advisory Group	Managing member	1 Nov 2002	50% - 75%	56-2300929
James Edward Bishop	Chief compliance officer, managing director	1 Nov 2002	Other	858662
John Merton Lundsten	Managing director	1 Nov 2002	Other	4661916
Daniel Keith O'donnell	Managing director	1 Nov 2002	Other	4661915
Daniel Kieth O'donnell	Managing director	1 Nov 2002	Other	4661915

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
James Edward Bishop	Managing member	1 Sep 2000	75% - 100%	858662
Daniel Keith O'donnell	Managing member	1 Jan 2003	50% - 75%	4661915
John Merton Lundsten	Managing member	1 Jan 2003	50% - 75%	4661916
Daniel K O'donnell	Managing member	1 Jan 2003	50% - 75%	4661915
John M Lundsten	Managing member	1 Jan 2003	50% - 75%	4661916
Daniel Kieth O'donnell	Managing member	1 Jan 2003	50% - 75%	4661915

Based in Boca Raton

The principal office where Whitestar Advisors, LLC performs its advisory services is located at 902 Clint Moore Road, Boca Raton, FL 33487, 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 561-999-9949 or by fax 561-999-9948. The normal business hours are 8:30 am to 5:30 pm on Monday - Friday. You can find more information about the New York firm at whitestarllc.com.