Csat Investment Advisory, L.P. (Ann Arbor)


Csat Investment Advisory, L.P. is a large advisory firm based in Ann Arbor. It manages $263.2 million of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Michigan.

Csat Investment Advisory provides portfolio management for investment companies and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Csat Investment Advisory: assets under management

The assets under management (AUM) of Csat Investment Advisory, L.P. is $263.2 million, all of which is managed in discretionary accounts. 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 $263.2 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $43.87 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Csat Investment Advisory, L.P. for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Csat Investment Advisory serves?

The only and largest group of clients of Csat Investment Advisory is investment companies with 6 clients and $263.2 million of assets under management. Among the 10 most similar advisory firms, Csat Investment Advisory has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $263.2 million for 6 clients. None of the firm’s clients are foreign persons or businesses.

Csat Investment Advisory doesn't advise any private funds.

Careers at Csat Investment Advisory, L.P.

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. No 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.

Harris Bak joined the executive team most recently as the Limited Partner.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Claes Goran Fornell Limited partner, chairman and founding partner 1 Jun 2006 75% - 100% 4620620
John Francis Cattier Limited partner, principal and founding partner 1 Jun 2006 Other 4628609
Llc Chj Investment Advisory General partner 1 Jun 2006 Other 20-5251227
Claes (Nmn) Fornell Chairman and founding partner 1 Jun 2006 75% - 100% 4620620
David (Nmn) Lee Limited partner, managing director & chief compliance officer 1 Jan 2010 Other 6035474
Thomas Dale Kratky Limited partner, managing director 1 Jan 2010 Other 2205575
Thomas D (Mi Only) Kratky Managing director 1 Jan 2010 Other 2205575
Phil Sheldon Bak Chief executive officer 1 Apr 2016 Other 4433429
Harris Bak Limited partner 1 Apr 2016 Other 6934066

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Llc Cs Fund Investment Sole shareholder 1 Jun 2006 75% - 100% 20-5251279

Based in Ann Arbor

The principal office where Csat Investment Advisory, L.P. performs its advisory services is located at 625 Avis Drive, Ann Arbor, MI 48108, which is also the mailing address of the firm. An additional office of the firm is in Detroit, MI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 734-821-6872. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at csatfund.com/.