Cannell Capital LLC (Alta)

Name: Cannell Capital LLC
Address: 245 Meriwether Circle, Alta, WY, 83414
Telephone: 307-733-2284

Cannell Capital LLC is a large advisory firm based in Alta. It manages $491.78 million of regulatory assets for 18 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdiction of California.

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

Cannell Capital: assets under management

The assets under management (AUM) of Cannell Capital LLC is $491.78 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 193% since the beginning of its operation, and $96.42 million of the total AUM is attributable to clients outside of the United States.

The firm manages $491.78 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $27.32 million each.

Cannell Capital has custody of $428.52 million in cash and securities for 6 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 69% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 16% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cannell Capital LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Cannell Capital serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Cannell Capital is pooled investment vehicles with 6 clients and $428.52 million of assets under management. Among the 10 most similar advisory firms, Cannell Capital has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $442.4 million for 17 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 11% of the firm’s clients are foreign persons or businesses.

Cannell Capital also advises several private funds. Namely, seven hedge funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $1,000,000.

Careers at Cannell Capital LLC

The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No 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
Cannell Capital Llc	Managing member	1 Jul 1996	75% - 100%	158371
James Carlo Cannell	Managing member	1 Aug 1996	75% - 100%	2465174
James Carlo Cannell	Chief compliance officer	1 May 2010	75% - 100%	2465174
Stephen Charles Wagstaff	Chief compliance officer of cannell capital llc / chief compliance officer of pampanito corporation dba cannell capital corporat	1 Aug 2010	Other	5776553
Stephen Charles Wagstaff	Chief compliance officer of cannell capital llc / chief compliance officer of pampanito corporation dba cannell capital corporat	1 Aug 2011	Other	5776553
Stephen Charles Wagstaff	Chief compliance officer	1 Mar 2015	Other	5776553

Based in Alta

The principal office where Cannell Capital LLC performs its advisory services is located at 245 Meriwether Circle, Alta, WY 83414, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 307-733-2284 or by fax 307-264-0600. The normal business hours are 8am -4:30pm on Monday - Friday. You can find more information about the New York firm at cannellcapital.com and its LinkedIn profile.