Cboe Vest Financial LLC (Mclean)
Cboe Vest Financial LLC is a large advisory firm based in Mclean. It manages $243.57 million of regulatory assets for 10 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of Virginia.
Cboe Vest Financial provides portfolio management for investment companies, portfolio management for pooled investment vehicles, and investment advisors; portfolio consultant for unit investment trusts. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
Cboe Vest Financial: assets under management
The assets under management (AUM) of Cboe Vest Financial LLC is $243.57 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 3158% since the beginning of its operation, and $2.31 million of the total AUM is attributable to clients outside of the United States.
Investments
The firm invests in cash and cash equivalents the most. They account for 74% of the total AUM. The second-largest asset type is government bonds, which make up 13% of the firm’s portfolio. Investments in investment and business development companies form 12% of the total invested assets.Fees & Commissions
The advisory firm has a single stream of revenue. Clients pay Cboe Vest Financial LLC for their services and products based on a percentage of assets under management. 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 Cboe Vest Financial serves?
The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Cboe Vest Financial is investment companies with 4 clients and $235.24 million of assets under management. Among the 10 most similar advisory firms, Cboe Vest Financial has the highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $242.77 million for 6 clients. 10% of the firm’s clients are foreign persons or businesses.
Cboe Vest Financial doesn't advise any private funds.
Careers at Cboe Vest Financial LLC
The company employs 10 people that are either part- or full-time employees. 70 percent of the employees work as investment advisers or researchers. 5 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.
Llc First Trust Capital Partners joined the executive team most recently as the Member.
Direct owners and executive officers
Indirect Owners
The SEC currently registers 7 indirect owners.Based in Mclean
The principal office where Cboe Vest Financial LLC performs its advisory services is located at 1765 Greensboro Station Place, Mclean, VA 22102, 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 855-979-6060 or by fax 703-918-4929. The normal business hours are 9:30 a.m. - 4 p.m. eastern on Monday - Friday. You can find more information about the New York firm at cboevest.com.
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