Carnick & Kubik Group, LLC (Denver)

Name: Carnick & Kubik Group, LLC
Address: 1777 S. Harrison Street, Denver, CO, 80210
Telephone: 303-741-2560

Carnick & Kubik Group, LLC is a large advisory firm based in Denver. It manages $1.2 billion of regulatory assets for 2,474 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Arizona, California, Colorado, and 30 other states.

Carnick & Kubik Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and sub-advisory services. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Carnick & Kubik Group: assets under management

The assets under management (AUM) of Carnick & Kubik Group, LLC is $1.2 billion. The firm's AUM has grown by 96% since the beginning of its operation, and $1.25 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.18 billion in discretionary accounts and $23.26 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $482.67 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $861.31 thousand.

Carnick & Kubik Group has custody of $16.7 million in cash and securities for 11 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 54% of the total AUM. The second-largest asset type is investment and business development companies, which make up 15% of the firm’s portfolio. Investments in state and local bonds form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Carnick & Kubik Group, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 David James Kubik serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of David James Kubik is high net worth individuals with 278 clients and $783.93 million of assets under management. Among the 7 most similar advisory firms, Carnick & Kubik Group has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.05 billion for 1,822 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.

Carnick & Kubik Group doesn't advise any private funds.

Careers at Carnick & Kubik Group, LLC

The company employs 24 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 12 employees are registered as investment adviser representatives with the state securities authorities.

There are 36 people 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.

David James Kubik has been acting as President since 1 Apr 2016. Mark James Riley joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Focus Operating	Member	1 Apr 2016	75% - 100%	20-8161914
Nathan James Kubik	Chief executive officer	1 Apr 2016	Other	3081407
David James Kubik	President	1 Apr 2016	Other	4388810
Craig Evans Carnick	Chairman and chief compliance officer	1 Apr 2016	Other	702111
William David Van Keulen	Executive vice president	1 Apr 2016	Other	4611622
Mark James Riley	Chief compliance officer	1 Jan 2019	Other	1221961

Indirect Owners

The SEC currently registers 9 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Focus Financial Partners	Member	1 Jan 2007	75% - 100%	16-1728260
L.P. Centerbridge Associates Ii	General partner	1 Jul 2013	Other	27-3060145
L.P. Cp Falcon Aiv	Member	1 Oct 2013	25% - 50%	36-4767158
Llc Focus Financial Partners	Member	1 Apr 2016	75% - 100%	16-1728260
L.P. Trident Vi Parallel Fund	Member	1 Apr 2017	75% - 100%	98-1132009
Llc Trident Ffp Blocker	Limited partner	1 May 2017	25% - 50%	82-1662776
L.P. Trident Vi	Limited partner	1 May 2017	25% - 50%	98-1131820
L.P. Trident Ffp	Member	1 Jul 2017	25% - 50%	82-1662703
Inc. Focus Financial Partners	Member	1 Jul 2018	75% - 100%	47-4780811

Based in Denver

The principal office where Carnick & Kubik Group, LLC performs its advisory services is located at 1777 S. Harrison Street, Denver, CO 80210, which is also the mailing address of the firm. An additional office of the firm is in Northglenn, CO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 303-741-2560 or by fax 720-305-0696. The normal business hours are 9 am - 5 pm on Monday - Friday. You can find more information about the New York firm at carnick.com and its LinkedIn profile.