Cumberland Advisors Inc is a large advisory firm based in Sarasota. It manages $3.07 billion of regulatory assets for 2,552 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 44 other states.
Cumberland Advisors provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, pension consulting services, and consulting services for governmental clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Cumberland Advisors Inc is $3.07 billion. The firm's AUM has grown by 483% since the beginning of its operation, and $266.4 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Cumberland Advisors 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.
The firm provides services to individuals, insurance companies, investment companies, charitable organizations, high net worth individuals, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of David Raphael Kotok is high net worth individuals with 403 clients and $1.72 billion of assets under management. Among the 7 most similar advisory firms, Cumberland Advisors has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $3.07 billion for 2,114 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Cumberland Advisors doesn't advise any private funds.
The company employs 35 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. 15 employees are registered as investment adviser representatives with the state securities authorities.
There are 2 people 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.
David Raphael Kotok has been acting as President since 1 Feb 1998. Daisy Gloria Lopez joined the executive team most recently as the Executive Vice President, Director, Shareholder.
The principal office where Cumberland Advisors Inc performs its advisory services is located at One Sarasota Tower, Sarasota, FL 34236, which is also the mailing address of the firm. An additional office of the firm is in Vineland, NJ. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 800-257-7013 or by fax 941-554-4352. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at cumber.com.