Larimer Capital Corp (Denver)

Larimer Capital Corp is a large advisory firm based in Denver. It manages $149.93 million of regulatory assets for 518 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Colorado, Connecticut, and 6 other states.

Larimer Capital Corp provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Larimer Capital Corp: assets under management

The assets under management (AUM) of Larimer Capital Corp is $149.93 million. The firm's AUM has grown by 65% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $88.3 million in discretionary accounts and $61.63 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $273.37 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $316.07 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 60% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Larimer Capital Corp for their services and products based on a percentage of assets under management and commissions. 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 Adam Morman Carmel serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Adam Morman Carmel is high net worth individuals with 198 clients and $92.18 million of assets under management. Among the 9 most similar advisory firms, Larimer Capital Corp has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $149.93 million for 518 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.

Larimer Capital Corp doesn't advise any private funds.

Careers at Larimer Capital Corp

The company employs 4 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.

Adam Morman Carmel has been acting as President since 1 Jan 1989. Kathleen Hawkins Carmel joined the executive team most recently as the Secretary.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Adam Morman Carmel	President/chief compliance officer	1 Jan 1989	75% - 100%	1074710
Kathleen Hawkins Carmel	Secretary	1 Jan 1989	Other	xxx-xx-xxxx

Based in Denver

The principal office where Larimer Capital Corp performs its advisory services is located at 1720 South Bellaire Street, Denver, CO 80222, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 303-573-5511 or by fax 303-573-5544. The normal business hours are 8am to 5pm on Monday - Friday.