Cooke & Bieler, L.P. (Philadelphia)


Cooke & Bieler, L.P. is a large advisory firm based in Philadelphia. It manages $5.08 billion of regulatory assets for 271 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Massachusetts, Nebraska, and 6 other states.

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

Cooke & Bieler: assets under management

The assets under management (AUM) of Cooke & Bieler, L.P. is $5.08 billion. The firm's AUM has grown by 174% since the beginning of its operation, and $333.58 million of the total AUM is attributable to clients outside of the United States.

The firm manages $4.04 billion in discretionary accounts and $1.04 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $15.03 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $520.35 million.

Investments

The firm invests in exchange traded securities the most. They account for 97% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cooke & Bieler, L.P. for their services and products based on a percentage of assets under management, fixed fees, 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 Cooke & Bieler serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Cooke & Bieler is state or municipal government entities with 20 clients and $1.98 billion of assets under management. Among the 8 most similar advisory firms, Cooke & Bieler has the highest percentage of state or municipal government entities out of all clients.

The amount of regulatory assets under management is $5.08 billion for 271 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 6% of the firm’s clients are foreign persons or businesses.

Cooke & Bieler doesn't advise any private funds.

Careers at Cooke & Bieler, L.P.

The company employs 31 people that are either part- or full-time employees. 42 percent of the employees work as investment advisers or researchers. 13 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 compensates 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 Joseph Medveckis Partner 1 Jun 2001 Other 1753323
Richard James O'neil Partner 1 Jun 2001 Other 1987959
Michael Mccauley Meyer Partner 1 Jun 2001 Other 2251360
Mehul Trivedi Partner 1 Jun 2001 Other 2430237
Llc Cbgp Gp 1 Jun 2001 Other 23-3082826
Lp C&B Partner Partner 1 Jun 2001 Other 23-3084119
Samuel Humes Ballam Partner 1 Jun 2001 Other 2932541
Kermit Eck Principal 1 Jun 2001 Other 2354950
James Richard Norris Principal 1 Jun 2001 Other 2418566
Richard James Oneil Principal 1 Jun 2001 Other 1987959
Bruce Allen Smith Principal 1 Jun 2001 Other 4418747
Kermit Stanley Eck Partner 1 Jun 2001 Other 2354950
Linda Ann Perna Chief compliance officer 1 Oct 2004 Other 4865405
Edward W O'connor Partner 1 May 2006 Other 4541253
Daren Clark Heitman Partner 1 Dec 2007 Other 2100792
Steve W Lyons Partner 1 Oct 2012 Other 4209163

Indirect Owners

The SEC currently registers 7 indirect owners.

Name Entity Date acquired Ownership Employer ID
John Peter Mcniff General partner 1 Jun 2001 25% - 50% 4360374
John S Connors Partner 1 Jun 2001 25% - 50% 1340564
L.P. C & B Partner Member 1 Jun 2001 50% - 75% 23-3084119
Edward W O'connor Manager 1 Feb 2010 Other 4541253
Mehul Trivedi Manager 1 Sep 2011 Other 2430237
Linda Ann Perna Manager 1 Oct 2013 Other 4865405
Edward W O'connor Manager 1 Oct 2015 Other 4541253

Based in Philadelphia

The principal office where Cooke & Bieler, L.P. performs its advisory services is located at 1700 Market Street, Philadelphia, PA 19103, which is also the mailing address of the firm. An additional office of the firm is in Charlotte, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 215-246-2030 or by fax 215-567-1681. The normal business hours are 8:30 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at cooke-bieler.com.