Cpa Asset Management Group, LLC (West Palm Beach)

Cpa Asset Management Group, LLC is a large advisory firm based in West Palm Beach. It manages $443 million of regulatory assets for 505 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida and Texas.

Cpa Asset Management Group provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cpa Asset Management Group: assets under management

The assets under management (AUM) of Cpa Asset Management Group, LLC is $443 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 286% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $443 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $877.23 thousand each.

Cpa Asset Management Group has custody of $280.9 million in cash and securities for 130 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 65% of the total AUM. The second-largest asset type is exchange traded securities, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cpa Asset Management Group, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Mark Bradley Elhilow serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Mark Bradley Elhilow is high net worth individuals with 70 clients and $405.84 million of assets under management. Among the 10 most similar advisory firms, Cpa Asset Management Group has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $440.64 million for 160 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.

Cpa Asset Management Group doesn't advise any private funds.

Careers at Cpa Asset Management Group, LLC

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 4 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.

Mark Bradley Elhilow has been acting as President since 1 Apr 2002. Ronald Gregory Smith joined the executive team most recently as the Vice President/Managing Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Edward Thomas Holt	President	1 May 1997	25% - 50%	4369690
Mark Elhilow	Vice president	1 May 1997	25% - 50%	2948028
Robert Wayne Hendrix	Secretary	1 Apr 2000	Other	4369696
Ronald Smith	Director of research	1 Apr 2000	Other	2953721
Mark Bradley Elhilow	President/secretary/managing member/chief compliance officer	1 Apr 2002	50% - 75%	2948028
Edward Thomas Holt	Chief executive officer; managing member	1 Apr 2002	25% - 50%	4369690
Mark Elhilow	President; secretary; managing member	1 Apr 2002	25% - 50%	2948028
Robert Wayne Hendrix	Member	1 Apr 2002	Other	4369696
Ronald Smith	Vp equity research; member	1 Apr 2002	Other	2953721
Ronald Gregory Smith	Vice president/managing member	1 Feb 2007	25% - 50%	2953721

Based in West Palm Beach

The principal office where Cpa Asset Management Group, LLC performs its advisory services is located at 101 N. Clematis Street, West Palm Beach, FL 33401 The mailing address of the firm is P.O. Box 3505, West Palm Beach, FL 33402 3505. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 561-659-3301 or by fax 561-659-3609. The normal business hours are 830am - 5pm on Monday - Friday.