Cherokee & Walker Management
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Overview
Cherokee & Walker Management is a financial advisory firm located in Salt Lake City, Utah. The company manages $139.0 million in assets throughout eight client accounts, placing it in the mid-tier of financial advisory firms in the nation by assets under management (AUM). The company has a small team, including 4 financial advisors. Cherokee & Walker Management is not a registered broker-dealer, meaning the advisor cannot buy and sell securities for its customers' and own accounts and instead has to go through a broker-dealer firm to do so. Securities are exchangable fiscal assets such as bonds, stocks and options.
Cherokee & Walker Management oversees four of the company's client assets in a discretionary manner. Discretionary management is a structure in which an investment advisor has the discretion to make buy and sell decisions for the client's account without requiring client approval. Cherokee & Walker Management also oversees four non-discretionary accounts totaling $17.8 million in AUM. The company administers an average of $17.4 million for each customer account. The average financial advisor at Cherokee & Walker Management administers around two client accounts, placing it among the most individualized advisor firms in the country.
The firm's central office is located at 6440 South Wasatch Boulevard, Salt Lake City, Utah 84121. It is registered to provide services to investors in the state of Utah.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Cherokee & Walker Management by the Numbers
$139.0 million
7
8
$17.4 million
Fee Structure
Fees for financial management are based on which services are offered. Fee types billed by Cherokee & Walker Management most likely are comprised of the following fee types: asset-based or performance-based. The firm does not supply a wrap fee program, in which the company offers a service bundle for a comprehensive fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
It works with high net worth investors, pooled investment vehicles and charitable organizations. Out of its eight customers, Cherokee & Walker Management's largest client group by number of accounts is pooled investment vehicles, although it also caters to two high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 under management or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its clients reside abroad.
- High-Net-Worth Individuals* - 25%
- Other Individuals - 0%
- Corporations - 50%
- Charitable Organizations - 25%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Cherokee & Walker Management does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Cherokee & Walker Management
Salt Lake City, UT
Salt Lake City, UT
Salt Lake City, UT
Salt Lake City, UT
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