Cascade Financial Management, Inc. (Denver)

Name: Cascade Financial Management, Inc.
Address: 950 17 Th Street, Denver, CO, 80202
Telephone: 303-292-1121

Cascade Financial Management, Inc. is a large advisory firm based in Denver. It manages $276.33 million of regulatory assets for 1,135 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Arizona, California, Colorado, and 8 other states.

Cascade Financial Management 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 less than 10 clients. On top of advisory services, the firm also engages as doing business as name.

Cascade Financial Management: assets under management

The assets under management (AUM) of Cascade Financial Management, Inc. is $276.33 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 837% since the beginning of its operation, and $496.16 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $276.33 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $243.47 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 70% of the total AUM. The second-largest asset type is investment and business development companies, which make up 14% of the firm’s portfolio. Investments in investment grade corporate bonds form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cascade Financial Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients David John Turner serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of David John Turner is high net worth individuals with 69 clients and $162.63 million of assets under management. Among the 11 most similar advisory firms, Cascade Financial Management has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $276.33 million for 556 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.

Cascade Financial Management doesn't advise any private funds.

Careers at Cascade Financial Management, Inc.

The company employs 15 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 12 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

David John Turner has been acting as President since 1 May 2001. Timothy James Kenkel joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David John Turner	Ceo/rosfp/director	1 May 2001	25% - 50%	2233405
Myron Tipton Bagley	Director	1 May 2001	25% - 50%	10041
Kimberley K Rains	Cco	1 May 2001	Other	1600063
Nelson Daniel Perkins	Treasurer/ cfo finop	1 May 2001	Other	2289141
Judith Ann Lundquist	Secretary / director	1 May 2001	Other	1705518
James Wayne Garrard	Cfo/finop	1 May 2003	Other	4449744
Patricia Ann Erickson	Registered representative	1 Apr 2004	Other	1210855
Brandon Allen Henry	Chief executive officer/finop/chief compliance officer	1 Nov 2006	Other	3272258
John Joseph Vansant	Finop/president	1 Jan 2008	Other	4584363
Kelli Allyson Douglas	Chief compliance officer	1 Aug 2008	Other	3187553
Timothy James Kenkel	Chief compliance officer	1 Mar 2013	Other	2547899

Based in Denver

The principal office where Cascade Financial Management, Inc. performs its advisory services is located at 950 17 Th Street, Denver, CO 80202, which is also the mailing address of the firm. An additional office of the firm is in Springfield, MO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 303-292-1121 or by fax 303-292-2942. The normal business hours are 7:30 am to 4:00 pm on Monday - Friday. You can find more information about the New York firm at cascade-inc.com.