Cruice Investment Advisors, Ltd. (Westport)

Name: Cruice Investment Advisors, Ltd.
Address: 55 Greens Farms Road, Westport, CT, 06880
Telephone: 203-656-0033/221-0202

Cruice Investment Advisors, Ltd. is a large advisory firm based in Westport. It manages $155.58 million of regulatory assets for 493 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Connecticut.

Cruice Investment Advisors 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 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cruice Investment Advisors: assets under management

The assets under management (AUM) of Cruice Investment Advisors, Ltd. is $155.58 million. The firm's AUM has grown by 232% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $128.8 million in discretionary accounts and $26.77 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $348.11 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $217.67 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 40% of the total AUM. The second-largest asset type is exchange traded securities, which make up 36% of the firm’s portfolio. Investments in cash and cash equivalents form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cruice Investment Advisors, Ltd. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Cruice Investment Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Cruice Investment Advisors is individuals with 198 clients and $93.35 million of assets under management. Among the 10 most similar advisory firms, Cruice Investment Advisors has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $155.58 million for 331 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.

Cruice Investment Advisors doesn't advise any private funds.

Careers at Cruice Investment Advisors, Ltd.

The company employs 6 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Seth Hopkins Cruice	Ceo	1 Sep 1987	75% - 100%	1218563
Jeffrey Spencer Sargent	Chief compliance officer	1 Mar 2010	Other	2167467

Based in Westport

The principal office where Cruice Investment Advisors, Ltd. performs its advisory services is located at 55 Greens Farms Road, Westport, CT 06880 The mailing address of the firm is Po Box 1145, Darien, CT 06820 1145. An additional office of the firm is in Old Saybrook, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 203-656-0033/221-0202 or by fax 203-221-0234. The normal business hours are 9:30am to 4:30pm on Monday - Friday. You can find more information about the New York firm at cruicefinancialplanner.com.