Cascades Capital Asset Management, LLC (Greensboro)

Name: Cascades Capital Asset Management, LLC
Address: 1834 Pembroke Road, Greensboro, NC, 27408
Telephone: 336-404-4746

Cascades Capital Asset Management, LLC is a large advisory firm based in Greensboro. It manages $115.55 million of regulatory assets for 534 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Georgia, North Carolina, South Carolina, and Virginia.

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

Cascades Capital Asset Management: assets under management

The assets under management (AUM) of Cascades Capital Asset Management, LLC is $115.55 million. The firm's AUM has grown by 14% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $105.01 million in discretionary accounts and $10.54 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $200.79 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $957.73 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 53% of the total AUM. The second-largest asset type is exchange traded securities, which make up 35% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Cascades Capital Asset Management, LLC 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 Cascades Capital Asset Management serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Cascades Capital Asset Management is high net worth individuals with 32 clients and $62.99 million of assets under management. Among the 9 most similar advisory firms, Cascades Capital Asset Management has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $115.2 million for 293 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.

Cascades Capital Asset Management doesn't advise any private funds.

Careers at Cascades Capital Asset Management, LLC

The company employs 3 people that are either part- or full-time employees. 100 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
Barry Lee Carpenter	Owner/principal/chief compliance officer	1 Mar 2013	75% - 100%	3222077

Based in Greensboro

The principal office where Cascades Capital Asset Management, LLC performs its advisory services is located at 1834 Pembroke Road, Greensboro, NC 27408, which is also the mailing address of the firm. An additional office of the firm is in Wilmington, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 336-404-4746 or by fax 877-762-3148. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at cascadescapital.com.