Cardinal Capital Management Inc (Raleigh)


Cardinal Capital Management Inc is a large advisory firm based in Raleigh. It manages $415.58 million of regulatory assets for 1,068 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Georgia, New York, and 3 other states.

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

Cardinal Capital Management: assets under management

The assets under management (AUM) of Cardinal Capital Management Inc is $415.58 million. The firm's AUM has grown by 661% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $398.43 million in discretionary accounts and $17.15 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $403.27 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $214.39 thousand.
Cardinal Capital Management has custody of $11.09 million in cash and securities for 8 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 82% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 7% of the firm’s portfolio. Investments in investment grade corporate bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Cardinal Capital Management Inc 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 Cardinal Capital Management serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Cardinal Capital Management is high net worth individuals with 93 clients and $282.6 million of assets under management. Among the 8 most similar advisory firms, Cardinal Capital Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $355.79 million for 228 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.

Cardinal Capital Management doesn't advise any private funds.

Careers at Cardinal Capital Management Inc

The company employs 6 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 3 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
Joel Andrews Millikan Cheif executive officer, chief financial officer 1 Jan 1992 75% - 100% xxx-xx-xxxx
Bonnie Green Millikan Chief operations officer 1 Feb 1999 Other xxx-xx-xxxx
Glenn C. Andrews Chairman, president, chief investment officer 1 May 2004 75% - 100% 4813938
Thomas E Wall Vice president, chief compliance officer 1 Oct 2004 Other 4583397
Joel Andrews Millikan Chairman, chief executive officer, chief investment officer, cco 1 May 2005 50% - 75% xxx-xx-xxxx
Joel Andrews Millikan Chief investment officer, executive vice president 1 May 2010 25% - 50% 2556908
Jonathan Wesley Andrews Vice president/chief compliance officer 1 Oct 2010 Other 4593540
Glenn C. Andrews Chairman, president, no-chief investment officer 1 Feb 2011 50% - 75% 4813938
Joel Andrews Millikan Co-chief investment officer, executive vice president 1 Feb 2011 25% - 50% 2556908
Kathleen A. Warren Vice president/chief financial officer 1 Jun 2013 Other 5062077

Based in Raleigh

The principal office where Cardinal Capital Management Inc performs its advisory services is located at 2626 Glenwood Avenue, Raleigh, NC 27608, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 919-532-7500 or by fax 919-532-7501. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at cardinalcapitalmanagement.com.