Cardinal Capital Management Inc (Raleigh)

Name: Cardinal Capital Management Inc
Address: 2626 Glenwood Avenue, Raleigh, NC, 27608
Telephone: 919-532-7500

Cardinal Capital Management Inc is a large advisory firm based in Raleigh. It manages $415.58 million of regulatory assets for 1,068 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Georgia, New York, and 3 other states.

Cardinal Capital Management provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Cardinal Capital Management: assets under management

The assets under management (AUM) of Cardinal Capital Management Inc is $415.58 million. The firm's AUM has grown by 661% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $398.43 million in discretionary accounts and $17.15 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $403.27 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $214.39 thousand.

Cardinal Capital Management has custody of $11.09 million in cash and securities for 8 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 82% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 7% of the firm’s portfolio. Investments in investment grade corporate bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Cardinal Capital Management Inc for their services and products based on a percentage of assets under management. 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.

What kind of clients Cardinal Capital Management serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Cardinal Capital Management is high net worth individuals with 93 clients and $282.6 million of assets under management. Among the 8 most similar advisory firms, Cardinal Capital Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $355.79 million for 228 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Cardinal Capital Management doesn't advise any private funds.

Careers at Cardinal Capital Management Inc

The company employs 6 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 3 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
Joel Andrews Millikan	Cheif executive officer, chief financial officer	1 Jan 1992	75% - 100%	xxx-xx-xxxx
Bonnie Green Millikan	Chief operations officer	1 Feb 1999	Other	xxx-xx-xxxx
Glenn C. Andrews	Chairman, president, chief investment officer	1 May 2004	75% - 100%	4813938
Thomas E Wall	Vice president, chief compliance officer	1 Oct 2004	Other	4583397
Joel Andrews Millikan	Chairman, chief executive officer, chief investment officer, cco	1 May 2005	50% - 75%	xxx-xx-xxxx
Joel Andrews Millikan	Chief investment officer, executive vice president	1 May 2010	25% - 50%	2556908
Jonathan Wesley Andrews	Vice president/chief compliance officer	1 Oct 2010	Other	4593540
Glenn C. Andrews	Chairman, president, no-chief investment officer	1 Feb 2011	50% - 75%	4813938
Joel Andrews Millikan	Co-chief investment officer, executive vice president	1 Feb 2011	25% - 50%	2556908
Kathleen A. Warren	Vice president/chief financial officer	1 Jun 2013	Other	5062077

Based in Raleigh

The principal office where Cardinal Capital Management Inc performs its advisory services is located at 2626 Glenwood Avenue, Raleigh, NC 27608, 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 919-532-7500 or by fax 919-532-7501. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at cardinalcapitalmanagement.com.