Cadaret, Grant & Co., Inc. (Syracuse)

Cadaret, Grant & Co. provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cadaret, Grant & Co.: assets under management

The assets under management (AUM) of Cadaret, Grant & Co., Inc. is $3.85 billion. The firm's AUM has grown by 693% since the beginning of its operation, and $2.64 million of the total AUM is attributable to clients outside of the United States.

The firm manages $3.24 billion in discretionary accounts and $611.6 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $286.02 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $213.33 thousand.

Cadaret, Grant & Co. has custody of $3.24 billion in cash and securities for 11,317 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 72% of the total AUM. The second-largest asset type is exchange traded securities, which make up 19% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cadaret, Grant & Co., 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 Eugene Henri Elias Jr serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Eugene Henri Elias Jr is individuals with 13,466 clients and $2.85 billion of assets under management. Among the 8 most similar advisory firms, Cadaret, Grant & Co. has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $3.85 billion for 14,184 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.

Cadaret, Grant & Co. doesn't advise any private funds.

Careers at Cadaret, Grant & Co., Inc.

The company employs 1,000 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 240 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 receive compensation from other entities for client referrals.

Eugene Henri Elias Jr has been acting as President since 1 Oct 2018. Inc. Aws 4 joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 9 indirect owners.

Based in Syracuse

The principal office where Cadaret, Grant & Co., Inc. performs its advisory services is located at 110 West Fayette St, Syracuse, NY 13202, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 315-471-2191 or by fax 315-234-0404. The normal business hours are 9:00 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at cadaretgrant.com.

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