Magnolia Capital Management, Ltd. (Cold Spring)

Name: Magnolia Capital Management, Ltd.
Address: 145 Main Street, Cold Spring, NY, 10516
Telephone: 845-809-5259

Magnolia Capital Management, Ltd. is a large advisory firm based in Cold Spring. It manages $164.08 million of regulatory assets for 83 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of New York.

Magnolia Capital Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional 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.

Magnolia Capital Management: assets under management

The assets under management (AUM) of Magnolia Capital Management, Ltd. is $164.08 million. The firm's AUM has grown by 440% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $130.5 million in discretionary accounts and $33.58 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.86 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.58 million.

Magnolia Capital Management has custody of $12.59 million in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 58% of the total AUM. The second-largest asset type is state and local bonds, which make up 15% of the firm’s portfolio. Investments in investment grade corporate bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Magnolia Capital Management, Ltd. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients James Bell Cunningham serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of James Bell Cunningham is high net worth individuals with 34 clients and $95.93 million of assets under management. Among the 9 most similar advisory firms, Magnolia Capital Management has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $164.08 million for 62 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.

Magnolia Capital Management doesn't advise any private funds.

Careers at Magnolia Capital Management, Ltd.

The company employs 3 people that are either part- or full-time employees. 33 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.

James Bell Cunningham has been acting as President since 1 Mar 2002. Tamar Cunningham Stubbs joined the executive team most recently as the Vice President, Director, Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
T. Jefferson Coleman Cunningham	President,chairman, ceo	1 Mar 2002	25% - 50%	4516310
Carol Ann Powell	Treasurer & director	1 Mar 2002	Other	2125134
John Karl Gifford	Secretary & vice-chairman	1 Mar 2002	Other	4516314
James Bell Cunningham	Director	1 Mar 2002	Other	4516341
Thomas J. Coleman Cunningham	Director	1 Mar 2002	Other	4516343
Marion Cunningham Twichell	Shareholder	1 Mar 2002	Other	4516357
Frederick Carter Twichell	Shareholder	1 Mar 2002	Other	4516374
Peter Vankleeck	Director & vice-chairman	1 Jan 2004	Other	4773803
Irene Mary Vanvoorhis	Assistant secretary, vice-president	1 Dec 2005	Other	5075287
Richard William Syrek	Vice-president, director, chief compliance officer	1 Jul 2016	Other	6651884
Tamar Cunningham Stubbs	Vice-president, director, chief compliance officer	1 Aug 2017	Other	6846417

Based in Cold Spring

The principal office where Magnolia Capital Management, Ltd. performs its advisory services is located at 145 Main Street, Cold Spring, NY 10516 The mailing address of the firm is Po Box 330, Cold Spring, NY 10516 0330. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 845-809-5259 or by fax 845-809-5261. The normal business hours are 9:30 - 4:30 on Monday - Friday. You can find more information about the New York firm at magnoliacapitalmanagement.com.