Cannell Capital LLC

CRD#158371
Investment Advisor Firm

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Learn more about Cannell Capital LLC

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    Cannell Capital LLC operates as an advisory company that has its headquarters in Alta, Wyoming. Cannell Capital LLC handles $798.8 million in assets under management across 28 client accounts, placing it among the larger financial advisory firms in the United States by assets under management (AUM). The firm has a small team, including 5 financial advisors. Cannell Capital LLC is not a registered broker-dealer, meaning the firm is not able to buy and sell securities for its own accounts as well as its customers' and instead must go through a broker-dealer firm to do so. Securities are exchangable fiscal assets like bonds, equities and options.

    Cannell Capital LLC administers all of the firm's accounts in a discretionary manner. Discretionary management signifies that transaction judgments are made by a portfolio manager without requiring client approval. Cannell Capital LLC's average account size is $28.5 million. The typical financial advisor at Cannell Capital LLC oversees about six client accounts, making it one of the more personalized financial advisor firms in the country.

    The firm's headquarters is at 245 Meriwether Circle, Alta, Wyoming 83414. Cannell Capital LLC is allowed to provide services to customers across a number of states, including California, Colorado, Florida, New Jersey, New York, Pennsylvania, Tennessee, Texas and Wyoming.

    Assets Under Management

    $798.8 million

    Number of Advisors

    5

    Disclosures

    No

    Office Location

    245 Meriwether Circle
    Alta, WY 83414

    Cannell Capital LLC by the Numbers

    Total Assets Under Management

    $798.8 million

    National Average: $8.6 billion
    Total Number of Employees

    7

    National Average: 64
    Total Number of Accounts

    28

    National Average: 375,227
    Average Account Size

    $28.5 million

    National Average: $23.0 thousand
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    Fee Structure

    A financial advisor's fees depend on the financial services provided. Fee types charged by the company likely are comprised of the following fee structures: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 26% of firms

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 32% of firms that offer this fee type

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    Back to Overview

    Types of Clients

    Cannell Capital LLC caters to high net worth investors and pooled investment vehicles. Out of its 28 clients, Cannell Capital LLC's largest client by number of accounts is high net worth investors, although it also serves 19 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 in AUM or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 5% of its accounts are represented by people from outside of the U.S.

    • High-Net-Worth Individuals* - 76%
    • Other Individuals - 0%
    • Corporations - 24%
    • Charitable Organizations - 0%

    * 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

    Cannell Capital LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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