Corda Investment Management, LLC (Houston)

Name: Corda Investment Management, LLC
Address: 8955 Katy Freeway, Houston, TX, 77024 1626
Telephone: 713-439-0665

Corda Investment Management, LLC is a large advisory firm based in Houston. It manages $1.07 billion of regulatory assets for 2,700 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Arizona, Arkansas, California, and 27 other states.

Corda Investment Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Corda Investment Management: assets under management

The assets under management (AUM) of Corda Investment Management, LLC is $1.07 billion. The firm's AUM has grown by 256% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.03 billion in discretionary accounts and $38 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $397.69 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $380 thousand.

Corda Investment Management has custody of $102 million in cash and securities for 175 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 66% of the total AUM. The second-largest asset type is investment and business development companies, which make up 22% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Corda Investment 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 Corda Investment Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Corda Investment Management is individuals with 900 clients and $535 million of assets under management. Among the 10 most similar advisory firms, Corda Investment Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.07 billion for 1,219 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.

Corda Investment Management doesn't advise any private funds.

Careers at Corda Investment Management, LLC

The company employs 19 people that are either part- or full-time employees. 79 percent of the employees work as investment advisers or researchers. 17 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
John Patrick Schloegel	Chief compliance officer	1 Jan 2012	Other	2227362
Bonner Castles Barnes	Managing member	1 May 2012	75% - 100%	717481
Dana Wahl Barnes Trust	Member	1 Dec 2014	Other	xxx-xx-xxxx
The Corrin Barnes Trust	Member	1 Dec 2014	Other	xxx-xx-xxxx

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Dana Wahl Barnes	Trustee	1 Dec 2014	Other	6756734
Corrin Nmi Barnes	Trustee	1 Dec 2014	Other	6756739

Based in Houston

The principal office where Corda Investment Management, LLC performs its advisory services is located at 8955 Katy Freeway, Houston, TX 77024 1626, which is also the mailing address of the firm. An additional office of the firm is in Dallas, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 713-439-0665 or by fax 713-465-1308. The normal business hours are 8:30am-5:00pm on Monday - Friday. You can find more information about the New York firm at cordamanagement.com/.