Cadent Capital Advisors, LLC (Tulsa)

Name: Cadent Capital Advisors, LLC
Address: 4525 East 91 St Street, Tulsa, OK, 74137
Telephone: 918-935-3450

Cadent Capital Advisors, LLC is a large advisory firm based in Tulsa. It manages $333.07 million of regulatory assets for 1,115 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Alabama, California, Louisiana, and 3 other states.

Cadent Capital Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, 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.

Cadent Capital Advisors: assets under management

The assets under management (AUM) of Cadent Capital Advisors, LLC is $333.07 million. The firm's AUM has grown by 136% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $311.01 million in discretionary accounts and $22.06 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $338.79 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $111.97 thousand.

Cadent Capital Advisors has custody of $311.01 million in cash and securities for 400 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 69% of the total AUM. The second-largest asset type is exchange traded securities, which make up 9% of the firm’s portfolio. Investments in state and local bonds form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cadent Capital Advisors, LLC for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Cadent Capital Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Cadent Capital Advisors is high net worth individuals with 73 clients and $215.81 million of assets under management. Among the 11 most similar advisory firms, Cadent Capital Advisors has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $333.07 million for 400 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.

Cadent Capital Advisors doesn't advise any private funds.

Careers at Cadent Capital Advisors, LLC

The company employs 8 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 6 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
Philip Andrew Mooberry	Managing director/principal/managing member	1 Jan 2013	75% - 100%	4451496
Judith Ann Mooberry	Member	1 Jan 2013	Other	4358057
Melinda Jane Perry	Chief compliance officer	1 Jun 2013	Other	4626468

Based in Tulsa

The principal office where Cadent Capital Advisors, LLC performs its advisory services is located at 4525 East 91 St Street, Tulsa, OK 74137, which is also the mailing address of the firm. An additional office of the firm is in Oklahoma City, OK. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 918-935-3450 or by fax 918-779-0005. The normal business hours are 8:00 am - 4:00 pm on Monday - Friday. You can find more information about the New York firm at cadcaptial.com and its LinkedIn profile.