Cadaret Grant & Co Inc

CRD#10641
Investment Advisor Firm

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Learn more about Cadaret Grant & Co Inc

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Cadaret Grant & Co Inc operates as an advisory firm that has its headquarters in Syracuse, New York. The firm has $5.8 billion in total assets throughout 23,861 accounts, placing it among the largest investment advisory firms in the country by assets under management (AUM). The firm has a large group, including 513 financial advisors. Cadaret Grant & Co Inc does not act as a registered broker-dealer, meaning it cannot buy and sell securities for its accounts and those of its clients and instead has to go through a broker-dealer company to do so. Securities are tradable fiscal assets such as options, bonds and equities.

    Cadaret Grant & Co Inc administers more than half of its accounts in a discretionary manner. Discretionary management is a structure in which an investment advisor makes buy and sell choices without requiring client permission. Cadaret Grant & Co Inc also oversees 215 non-discretionary accounts totaling $39.4 million in assets under management. The company's average account size is $244,860. The average advisor at Cadaret Grant & Co Inc manages around 47 client accounts, placing it towards the middle in terms of personalization.

    The firm's headquarters is at 100 Madison Street, Syracuse, New York 13202. It is permitted to provide services to customers across 51 U.S. states and territories.

    Assets Under Management

    $5.8 billion

    Number of Advisors

    513

    Disclosures

    No

    Office Location

    100 Madison Street
    Syracuse, NY 13202

    Cadaret Grant & Co Inc by the Numbers

    Total Assets Under Management

    $5.8 billion

    National Average: $8.6 billion
    Total Number of Employees

    726

    National Average: 64
    Total Number of Accounts

    23,861

    National Average: 375,227
    Average Account Size

    $244.9 thousand

    National Average: $23.0 thousand
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    Products and Services

    Cadaret Grant & Co Inc provides multiple services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services and selection of other advisers. In the past fiscal year, Cadaret Grant & Co Inc provided 26-50 of its customers with financial planning services. The company is engaged in selling products or offering services different than investment advice to its clients. The company is also affiliated with a number of other companies in the financial services industry, including with a broker-dealer or securities dealer and insurance company or agency.

    Core Advisor Services

    • Offered by 31% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    A financial advisor's fees largely are based on which services the firm provides the client. Fees billed by Cadaret Grant & Co Inc can include the following fee structures: asset-based, hourly or fixed. The company participates in a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.

    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 21% of firms

      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.

    • Offered by 32% of firms

      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.

    Unavailable

    • 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 26% of firms that offer this fee type

      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.

    • 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 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.

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    Types of Clients

    The firm manages money for a broad range of investors. The company works with retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 23,861 accounts, Cadaret Grant & Co Inc's biggest client group by number of accounts is retail investors, although it also serves 628 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's customers are represented by people from outside of the U.S.

    • High-Net-Worth Individuals* - 3.53%
    • Other Individuals - 94.78%
    • Corporations - 1.34%
    • Charitable Organizations - 0.34%

    * 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

    Cadaret Grant & Co Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Cadaret Grant & Co Inc

    Zachary Honess
    Edinboro, PA
    John Mccarthy
    Clifton Springs, NY
    Michael Triebwasser
    Melville, NY
    Katelyn Kriesel
    Syracuse, NY
    John Driscoll
    Syracuse, NY
    Joseph Dimaggio
    Saratoga Springs, NY
    Race Walker
    Seminole, FL
    Kelly Smith
    Cleveland, OH
    Sara Pierce
    Dalton, GA

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