Cobiz Wealth, LLC (Denver)

Name: Cobiz Wealth, LLC
Address: 1401 Lawrence Street, Denver, CO, 80202 2521
Telephone: 303-291-4700

Cobiz Wealth, LLC is a large advisory firm based in Denver. It manages $968.17 million of regulatory assets for 1,099 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Arizona, California, Colorado, Texas, and Washington.

Cobiz Wealth provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cobiz Wealth: assets under management

The assets under management (AUM) of Cobiz Wealth, LLC is $968.17 million. The firm's AUM has grown by 12% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $959.29 million in discretionary accounts and $8.88 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $874.47 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $4.44 million.

Cobiz Wealth has custody of $78.22 million in cash and securities for 26 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 34% of the total AUM. The second-largest asset type is investment and business development companies, which make up 30% of the firm’s portfolio. Investments in state and local bonds form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cobiz Wealth, LLC for their services and products based on a percentage of assets under management 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.

What kind of clients Cobiz Wealth serves?

The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Cobiz Wealth is high net worth individuals with 522 clients and $620.61 million of assets under management. Among the 10 most similar advisory firms, Cobiz Wealth has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $968.17 million for 1,095 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.

Cobiz Wealth doesn't advise any private funds.

Careers at Cobiz Wealth, LLC

The company employs 21 people that are either part- or full-time employees. 52 percent of the employees work as investment advisers or researchers. 11 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Christopher Cline Freimuth has served as the Chief Investment Officer since 1 Jan 2015 and Agnes Ellen Ryan is the Chief Executive Officer of Cobiz Wealth, LLC family office. Mark Stephen Marrone joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Cobiz Im	Manager & member, common units	1 Apr 2003	75% - 100%	42-1578569
Rita Koch Day	Chief compliance officer	1 Jun 2009	Other	2024570
Agnes Ellen Ryan	President and chief executive officer	1 Nov 2014	Other	4324248
Christopher Cline Freimuth	Chief investment officer	1 Jan 2015	Other	2195430
Agnes Ellen Ryan	Chief executive officer	1 Apr 2018	Other	4324248
Christopher Cline Freimuth	President and chief investment officer	1 Apr 2018	Other	2195430
Christopher Cline Freimuth	Managing director	1 Oct 2018	Other	2195430
Mark Stephen Marrone	Chief compliance officer	1 Oct 2018	Other	1987907
Scott Bradley Grauer	Chairman of the board	1 Oct 2018	Other	1509326
Gregory Ayres Wheeler	Chief executive officer	1 Oct 2018	Other	4357940
Mindy Margaret Mahaney	Chief operating officer	1 Oct 2018	Other	6403627
N.A. Bokf	Owner	1 Oct 2018	75% - 100%	73-1373454

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Cobiz Financial	Shareholder, common stock	1 Apr 2003	75% - 100%	84-0826324
George Bruce Kaiser	Indirect beneficial owner	1 Oct 2018	50% - 75%	2163602
Bok Financial Corporation	Owner	1 Oct 2018	75% - 100%	73-1373454

Based in Denver

The principal office where Cobiz Wealth, LLC performs its advisory services is located at 1401 Lawrence Street, Denver, CO 80202 2521 The mailing address of the firm is Po Box 8230, Denver, CO 80201 8230. An additional office of the firm is in Scottsdale, AZ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 303-291-4700 or by fax 303-298-4336. The normal business hours are 7:30 a.m. - 4:30 p.m. on Monday - Friday. You can find more information about the New York firm at cobizwealth.com.