Silverstone Asset Management Inc (Omaha)

Name: Silverstone Asset Management Inc
Address: 11516 Miracle Hills Dr., Omaha, NE, 68154
Telephone: 402-964-5400

Silverstone Asset Management Inc is a large advisory firm based in Omaha. It manages $854.82 million of regulatory assets for 293 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Iowa, Nebraska, and South Dakota.

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

Silverstone Asset Management: assets under management

The assets under management (AUM) of Silverstone Asset Management Inc is $854.82 million. The firm's AUM has grown by 586% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $105.48 million in discretionary accounts and $749.34 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $470.9 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $10.86 million.

Investments

The firm invests in investment and business development companies the most. They account for 87% of the total AUM. The second-largest asset type is exchange traded securities, which make up 12% of the firm’s portfolio. Investments in investment grade corporate bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Silverstone Asset Management Inc 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 Jeffrey Donald Sharp serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Jeffrey Donald Sharp is pension and profit sharing plans with 58 clients and $745.6 million of assets under management. Among the 7 most similar advisory firms, Silverstone Asset Management has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $854.82 million for 161 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.

Silverstone Asset Management doesn't advise any private funds.

Careers at Silverstone Asset Management Inc

The company employs 8 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 8 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.

Jeffrey Donald Sharp has been acting as President since 1 Jan 2013. Anthony Joseph Sorrentino joined the executive team most recently as the Chief Compliance Officer, Secretary.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Anthony Joseph Sorrentino	Chief compliance officer, secretary	1 Jun 2012	Other	1630070
Silverstone Holdings Inc.	Shareholder	1 Jun 2012	75% - 100%	42-0938287
Thomas John Vonriesen	Treasurer	1 Jun 2012	Other	2235723
Jeffrey Donald Sharp	Vice president	1 Jun 2012	Other	1408285
John H Nelson	President	1 Jun 2012	Other	4811844
Jeffrey Donald Sharp	President	1 Jan 2013	Other	1408285

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
John H Nelson	Shareholder	1 May 2004	25% - 50%	4811844
John Phillip Nelson	Shareholder	1 Jun 2006	25% - 50%	346151

Based in Omaha

The principal office where Silverstone Asset Management Inc performs its advisory services is located at 11516 Miracle Hills Dr., Omaha, NE 68154, which is also the mailing address of the firm. An additional office of the firm is in Council Bluffs, IA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 402-964-5400 or by fax 402-963-4084. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at silverstoneassetmanagement.com.