Cook Wealth Management Group LLC is a large advisory firm based in Raleigh. It manages $302.78 million of regulatory assets for 907 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California, Florida, Massachusetts, and 7 other states.
Cook Wealth Management Group provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Cook Wealth Management Group LLC is $302.78 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 38% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Cook Wealth Management Group LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed 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.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Cook Wealth Management Group is high net worth individuals with 105 clients and $269.5 million of assets under management. Among the 11 most similar advisory firms, Cook Wealth Management Group has the 3rd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $302.78 million for 271 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.
Cook Wealth Management Group doesn't advise any private funds.
The company employs 12 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 7 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.
The principal office where Cook Wealth Management Group LLC performs its advisory services is located at 4101 Lake Boone Trail, Raleigh, NC 27607, which is also the mailing address of the firm. An additional office of the firm is in Northhampton, MA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (919) 784-9100 or by fax (919) 784-9101. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at cookwealth.com.