Michaud Capital Management LLC (Denver)

Michaud Capital Management LLC is a large advisory firm based in Denver. It manages $1.16 billion of regulatory assets for 36 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Colorado and Texas.

Michaud Capital Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, selection of other advisers, and general investment consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Michaud Capital Management: assets under management

The assets under management (AUM) of Michaud Capital Management LLC is $1.16 billion. The firm's AUM has grown by 632% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $71.71 million in discretionary accounts and $1.08 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.22 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $57.1 million.

Michaud Capital Management has custody of $253.84 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 41% of the total AUM. The second-largest asset type is exchange traded securities, which make up 37% of the firm’s portfolio. Investments in investment and business development companies form 7% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Michaud Capital Management LLC for their services and products based on fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Michaud Capital Management LLC

The company employs 7 people that are either part- or full-time employees. 71 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 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
Joseph William Michaud	Managing member and chief compliance officer	1 Dec 2011	75% - 100%	2780455
Joseph William Michaud	Managing member and chief compliance officer	1 Jan 2012	75% - 100%	2780455
Keelyn Anne Hutchison	Chief compliance officer	1 Jan 2017	Other	6063475

Based in Denver

The principal office where Michaud Capital Management LLC performs its advisory services is located at 200 Fillmore Street, Denver, CO 80206, 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 303-962-5345 or by fax 303-957-2383. The normal business hours are 8:00am to 5:00pm on Monday - Friday.