Cubic Asset Management, LLC (Boston)

Name: Cubic Asset Management, LLC
Address: 800 Boylston Street, Boston, MA, 02199 8090
Telephone: 617-456-1373

Cubic Asset Management, LLC is a large advisory firm based in Boston. It manages $591 million of regulatory assets for 354 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of California, Florida, Illinois, and 4 other states.

Cubic Asset Management provides portfolio management for individuals and small businesses 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.

Cubic Asset Management: assets under management

The assets under management (AUM) of Cubic Asset Management, LLC is $591 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 116% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $591 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.67 million each.

Cubic Asset Management has custody of $21 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 50% of the total AUM. The second-largest asset type is state and local bonds, which make up 36% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cubic Asset Management, LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. 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 Cubic Asset Management serves?

The firm provides services to individuals, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Cubic Asset Management is high net worth individuals with 214 clients and $484 million of assets under management. Among the 8 most similar advisory firms, Cubic Asset Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $591 million for 354 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.

Cubic Asset Management doesn't advise any private funds.

Careers at Cubic Asset Management, LLC

The company employs 6 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
James Lawrence Kaplan	Managing member	1 May 2007	75% - 100%	2378537
James Lawrence Kaplan	Chief compliance officer	1 Oct 2007	75% - 100%	2378537

Based in Boston

The principal office where Cubic Asset Management, LLC performs its advisory services is located at 800 Boylston Street, Boston, MA 02199 8090, 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 617-456-1373 or by fax 617-456-1392. The normal business hours are 9 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at cubic-am.com.