9AT: KSTONE PARTNERS LLC

KSTONE PARTNERS LLC

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KSTONE PARTNERS LLC

Adviser Profile

As of Date	01/24/2025
Registration status	Terminated
Contact Info	914 xxxxxxx
Websites

AUM^*	30,680,068 -1%
of that, discretionary	30,680,068 -1%
Number of Employees	5
of those in investment advisory functions	3
Private Fund GAV^*	0
Avg Account Size	15,340,034 147%
% High Net Worth	33.33% 100%
SMA’s	No
Private Funds	0 5

Adviser Type

- Mid-sized advisory firm

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles
- Selection of other advisers

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Reported AUM

40M 34M 29M 23M 17M 11M 6M

2022 2023 2024

Discretionary

Non-discretionary

Private Funds

GAV Count

Employees

Brochure Summary

Overview

A. General Description of Advisory Firm. The Adviser is an investment adviser with its principal place of business in Harrison, New York. The Adviser commenced operations as an investment adviser on January 1, 2009 and was registered with the SEC from December 1, 2009 to March 2021. In March 2021, the Adviser became an exempt reporting adviser. The Adviser is now registered with the SEC as a mid-sized advisory firm that is not subject to examination by the state securities authority of the state where the Adviser maintains its principal office and place of business. JJM Capital LLP is the principal owner of the Adviser. Joseph H. Marren and his wife, Joan Marren, are the principal owners of JJM Capital LLP. B. Description of Advisory Services (including any specializations). The Adviser provides investment advisory services on a discretionary basis to clients that are pooled investment vehicles intended for sophisticated investors and certain institutional investors. Each pooled investment vehicle invests in a select group of underlying investment vehicles or separate accounts managed by portfolio managers that make investments in securities and other assets primarily using

arbitrage and relative value strategies and focused in the municipal securities market. The Adviser also provides non-discretionary investment advisory services to individuals and business entities with non-discretionary accounts. Each non-discretionary account invests in publicly-traded closed-end funds. C. Availability of Tailored Services for Individual Clients. Under certain circumstances, the Adviser may design and implement customized multi-manager investment programs tailored to the specific objectives and constraints of high net worth individuals and institutional investors. In addition, the Advisor has, and may again in the future, tailor non-discretionary investment advice to the individual needs of non-discretionary account investors. Clients may, under certain circumstances, impose restrictions on investing in certain securities or certain types of securities. D. Wrap Fee Program. The Adviser does not participate in wrap fee programs. E. Client Assets Under Management. As of March 1, 2024, the Adviser had approximately $30,680,068 in regulatory assets under management, all of which were managed on a discretionary basis.