Red Cedar Investment Management, LLC is a large advisory firm based in Grand Rapids. It manages $1.09 billion of regulatory assets for 41 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Michigan and Ohio.
Red Cedar Investment Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. 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 Red Cedar Investment Management, LLC is $1.09 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 557% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Red Cedar Investment Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to insurance companies, charitable organizations, and pension and profit sharing plans. The largest group of clients of Red Cedar Investment Management is insurance companies with 8 clients and $647.8 million of assets under management. Among the 8 most similar advisory firms, Red Cedar Investment Management has the highest percentage of insurance companies out of all clients.
The amount of regulatory assets under management is $1.09 billion for 13 clients. None of the firm’s clients are foreign persons or businesses.
Red Cedar Investment Management doesn't advise any private funds.
The company employs 13 people that are either part- or full-time employees. 69 percent of the employees work as investment advisers or researchers. 6 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.
The principal office where Red Cedar Investment Management, LLC performs its advisory services is located at 333 Bridge Street Nw, Grand Rapids, MI 49504, which is also the mailing address of the firm. An additional office of the firm is in Cincinnati, OH. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 616-378-6894. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at redcedarim.com and its LinkedIn profile.