Gilbert & Cook, Inc. (West Des Moines)

Name: Gilbert & Cook, Inc.
Address: 5058 Grand Ridge Drive, West Des Moines, IA, 50265
Telephone: (515) 270-6444

Gilbert & Cook, Inc. is a large advisory firm based in West Des Moines. It manages $426.64 million of regulatory assets for 1,798 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Arizona, Florida, Georgia, and 8 other states.

Gilbert & Cook provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Gilbert & Cook: assets under management

The assets under management (AUM) of Gilbert & Cook, Inc. is $426.64 million. The firm's AUM has grown by 44% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $423.29 million in discretionary accounts and $3.35 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $237.14 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $257.83 thousand.

Gilbert & Cook has custody of $119.81 million in cash and securities for 221 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 75% of the total AUM. The second-largest asset type is exchange traded securities, which make up 16% of the firm’s portfolio. Investments in state and local bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Gilbert & Cook, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Gilbert & Cook serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Gilbert & Cook is high net worth individuals with 121 clients and $288.91 million of assets under management. Among the 10 most similar advisory firms, Gilbert & Cook has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $426.64 million for 463 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.

Gilbert & Cook doesn't advise any private funds.

Careers at Gilbert & Cook, Inc.

The company employs 21 people that are either part- or full-time employees. 38 percent of the employees work as investment advisers or researchers. 8 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.

Christopher Calvin Cook has served as the Chief Investment Officer since 1 Apr 2016 and Linda Lundstrom Cook is the Chief Executive Officer of Gilbert & Cook, Inc. family office. Megan Leigh Rosenstiel joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Linda Lundstrom Cook	Chief executive officer	1 Mar 2016	25% - 50%	2059268
Christopher Calvin Cook	Chief investment officer	1 Mar 2016	25% - 50%	4370551
Marlis Ann Gilbert	Chief compliance officer	1 Mar 2016	Other	1221354
Linda Lundstrom Cook	Chief executive officer	1 Apr 2016	25% - 50%	2059268
Christopher Calvin Cook	Chief investment officer	1 Apr 2016	25% - 50%	4370551
Marlis Ann Gilbert	Chief compliance officer	1 Apr 2016	Other	1221354
Megan Leigh Rosenstiel	Shareholder	1 Jul 2018	Other	4890314
Brandon Dominic Grimm	Shareholder	1 Jul 2018	Other	5557109
Jerit Paul Tripp	Shareholder	1 Jul 2018	Other	5462337

Based in West Des Moines

The principal office where Gilbert & Cook, Inc. performs its advisory services is located at 5058 Grand Ridge Drive, West Des Moines, IA 50265, 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 (515) 270-6444. The normal business hours are 8 am to 5 pm on Monday - Friday. You can find more information about the New York firm at gilbertcook.com/.