Cim, LLC (Albany)

Name: Cim, LLC
Address: 30 S. Pearl Street, 9 Th Floor, Albany, NY, 12207
Telephone: 518-391-4200

Cim, LLC is a large advisory firm based in Albany. It manages $338 million of regulatory assets for 676 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Arizona, California, Florida, and 8 other states.

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

Cim: assets under management

The assets under management (AUM) of Cim, LLC is $338 million. The firm's AUM has grown by 57% since the beginning of its operation, and $537 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $322 million in discretionary accounts and $16 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $505.49 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $410.26 thousand.

Cim has custody of $5.6 million in cash and securities for 11 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 73% of the total AUM. The second-largest asset type is other assets, which make up 22% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cim, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, commissions, and performance-based fees. 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 Cim serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Cim is high net worth individuals with 114 clients and $211 million of assets under management. Among the 8 most similar advisory firms, Cim has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $338 million for 405 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Cim doesn't advise any private funds.

Careers at Cim, LLC

The company employs 13 people that are either part- or full-time employees. 77 percent of the employees work as investment advisers or researchers. 3 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.

Kevin Thomas Curran has served as the Chief Investment Officer since 1 Aug 2013. Janice Marie Galazzo joined the executive team most recently as the Chief Information Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Joseph Curran	Ceo/sole member/chief compliance officer	1 Dec 2003	75% - 100%	59035
Deborah Lea Rojas	Chief compliance officer	1 Jun 2004	Other	2846686
Lisa Mary Clifford	Senior vice president	1 Dec 2006	Other	2448866
Kevin Thomas Curran	Chief investment officer	1 Aug 2013	Other	2877993
Janice Marie Galazzo	Chief information officer	1 Jan 2018	Other	6928869

Based in Albany

The principal office where Cim, LLC performs its advisory services is located at 30 S. Pearl Street, 9 Th Floor, Albany, NY 12207, which is also the mailing address of the firm. An additional office of the firm is in Cape May, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 518-391-4200 or by fax 518-391-4242. The normal business hours are 8:30am to 5:00pm on Monday - Friday. You can find more information about the New York firm at curranllc.com.