Cadence Wealth Management LLC (Westborough)

Name: Cadence Wealth Management LLC
Address: 1800 West Park Drive, Westborough, MA, 01581
Telephone: (508) 898-0400

Cadence Wealth Management LLC is a large advisory firm based in Westborough. It manages $160.8 million of regulatory assets for 2,332 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California, Connecticut, Florida, and 7 other states.

Cadence Wealth Management provides financial planning services, portfolio management for individuals and small businesses, 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.

Cadence Wealth Management: assets under management

The assets under management (AUM) of Cadence Wealth Management LLC is $160.8 million. The firm's AUM has grown by 248% since the beginning of its operation, and $600 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $137.4 million in discretionary accounts and $23.4 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $75.04 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $46.71 thousand.

Cadence Wealth Management has custody of $2.01 million in cash and securities for 24 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 43% of the total AUM. The second-largest asset type is investment and business development companies, which make up 42% of the firm’s portfolio. Investments in cash and cash equivalents form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cadence Wealth Management LLC for their services and products based on a percentage of assets under management 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 Cadence Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Cadence Wealth Management is individuals with 582 clients and $138.8 million of assets under management. Among the 8 most similar advisory firms, Cadence Wealth Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $160.8 million for 597 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.

Cadence Wealth Management doesn't advise any private funds.

Careers at Cadence Wealth Management LLC

The company employs 8 people that are either part- or full-time employees. 88 percent of the employees work as investment advisers or researchers. 7 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Christine Pastelis Ritch	Chief compliance officer	1 Aug 2010	75% - 100%	1987736
Casey Daniel Clarke	Managing member	1 Oct 2010	50% - 75%	2911372
Thomas Garth Shiffer	Managing member, chief compliance officer	1 Oct 2010	50% - 75%	4471246

Based in Westborough

The principal office where Cadence Wealth Management LLC performs its advisory services is located at 1800 West Park Drive, Westborough, MA 01581, 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 (508) 898-0400 or by fax (508) 898-0408. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at cadencewm.com.