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.

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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.


The firm manages $243.57 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $24.36 million each.

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



Name Entity Date acquired Ownership Employer ID
Cboe Vest Group Inc Sole member 1 Oct 2012 75% - 100% 47-2679230
Vest Financial Group Inc Sole member 1 Oct 2012 75% - 100% 47-2679230
Karan Sood Chief executive officer 1 Jan 2015 Other 5256243
Jeffery Yi Bing Chang Chief financial officer 1 Jan 2015 Other 5034993
Kyle Roger Bubeck Chief compliance officer 1 Mar 2016 Other 4784699
John Steven Neamtz Senior managing director 1 Mar 2016 Other 1172402

Indirect Owners

The SEC currently registers 7 indirect owners.

Name Entity Date acquired Ownership Employer ID
L.P. Grace Partners Of Dupage Limited partner 1 Aug 1991 75% - 100% 36-3789110
The Charger Corporation Member, manager 1 Jun 2007 Other 36-3772451
Llc Ajm Ventures Shareholder 1 Oct 2010 75% - 100% 80-0647858
James Allen Bowen Sole shareholder 1 Oct 2010 75% - 100% 1123316
Llc Cboe Vest Member 1 Jan 2016 50% - 75% 37-1798773
Inc. Cboe Holdings Sole member 1 Jan 2016 75% - 100% 20-5446972
Llc First Trust Capital Partners Member 1 Aug 2019 25% - 50% 68-0635954

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.