Carapace Financial Advisors LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$68,781,418
Clients
46
Advisors
5
across 2 offices
About
Carapace provides discretionary portfolio management and sub‑advisory services primarily to high‑net‑worth and accredited investors, institutional clients, and other investment advisers. The firm also serves as manager and sponsor of multi‑series private funds (Carapace Funds LLC) offered to institutional and sophisticated high‑net‑worth investors.
Its investment approach centers on customized market‑linked hedging and investment strategies that combine a collateral portfolio (often diversified large‑cap equities or U.S. Treasuries) with exchange‑listed options, including FLEX options, typically with 12–15 month maturities. Carapace uses a proprietary, quantitative methodology to structure option combinations and collateral allocations to seek defined downside protection while providing capped upside participation or above‑average income, managing accounts on a discretionary basis.
Notable distinctions include the firm’s role as both a private fund sponsor/manager and a sub‑advisor to third‑party money managers, and the explicit use of derivatives within separately managed accounts alongside pooled vehicles. The brochure also discloses an affiliation with Oliver Luxxe Assets LLC (which provides equity selection for certain strategies and funds), a recent transition to SEC registration, and operational custody arrangements related to fee debiting and fund management—features that differentiate its governance and service model from many peers.
Client services
Expertise
Fee options
Negotiated, typically 0.40% to 2.00% annually of assets under management, based on complexity and individual circumstances
Up to $500 per hour, agreed upon individually
Account minimum: $100,000 for private fund clients; $200,000 for separately managed accounts as sub-advised; minimums are negotiable at sole discretion of the firm Fee-only: Typically 0.40% to 2.00% of AUM annually (negotiated); paid quarterly in advance; calculated pro rata; no commissions.
Main office
See officeOne Pluckemin Way, Suite 303
Bedminster NJ 07921
Advisors at this office
4
Offices (2)
Most active in
California · Massachusetts · New Jersey · Washington
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Quick links
Advisors at this firm
Ryan T
Series 65
Bedminster, NJ
Carapace Financial Advisors LLC
Ryan Toohers is a Series 65-licensed financial advisor with three years of industry experience. He has worked at Carapace Financial Advisors LLC since 2023, with prior roles at J O Hambro Capital Management, InTandem Capital Partners, and Villanova University. Carapace Financial Advisors LLC provides discretionary portfolio management and sub-advisory services primarily to high-net-worth and accredited investors, institutional clients, and other investment advisers. The firm employs customized market-linked hedging and investment strategies that combine diversified collateral portfolios with exchange-listed options to seek defined downside protection and targeted upside participation.
Timothy M
Series 66
Bedminster, NJ
Carapace Financial Advisors LLC
Timothy Moran is a financial advisor at Carapace Financial Advisors LLC with 18 years of industry experience. He holds a Series 66 designation and has worked at Carapace since 2018. Moran is also principal of Nantim LLC, a real estate consulting firm advising on loan and property purchases. Carapace Financial Advisors provides discretionary portfolio management and sub-advisory services primarily to high-net-worth and accredited investors, institutional clients, and other advisors. The firm employs a quantitative, market-linked investment strategy combining diversified collateral portfolios with exchange-listed options to seek defined downside protection and capped upside participation.
Gregory A
Series 63, Series 66
Bedminster, NJ
Carapace Financial Advisors LLC
Gregory Aroneo is a financial advisor at Carapace Financial Advisors LLC with 12 years of industry experience. He holds Series 63 and Series 66 credentials and has been with Carapace since 2017. His prior roles include positions at Financial Northeastern Securities and as an educator at Ridge High School and Morris Catholic High School. Carapace Financial Advisors provides discretionary portfolio management and sub-advisory services primarily to high-net-worth and accredited investors, institutional clients, and other investment advisers. The firm employs customized market-linked hedging and investment strategies using options combined with diversified collateral portfolios, managing accounts on a discretionary basis.
William M
CFA®
Hingham, MA
Carapace Financial Advisors LLC
William Mc Carthy is a CFA® charterholder with two years of experience in financial advising. He has been with Carapace Financial Advisors LLC since 2023 and previously worked at State Street Corp for 29 years. Between 2018 and 2023, he spent time engaged in extended travel. Carapace Financial Advisors LLC provides discretionary portfolio management and sub-advisory services to high-net-worth and accredited investors, institutional clients, and other advisers. The firm employs customized market-linked hedging and investment strategies using proprietary quantitative methods, combining diversified collateral portfolios with exchange-listed options to manage downside risk while targeting upside potential or enhanced income.
Frederick Z
Series 63, Series 65
Bedminster, NJ
Carapace Financial Advisors LLC
Frederick Ziwot is a financial advisor with Carapace Financial Advisors LLC, holding Series 63 and Series 65 licenses and bringing 33 years of industry experience. His prior work includes roles at Financial Northeastern Securities, Merrion Investment Management Co., and Merrion Securities. Carapace Financial Advisors LLC provides discretionary portfolio management and sub-advisory services to high-net-worth and institutional clients. The firm uses a proprietary quantitative approach combining collateral portfolios with exchange-listed options to manage downside risk while offering upside participation or enhanced income.
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