Clifford Swan Investment Counsel LLC (Pasadena)

Name: Clifford Swan Investment Counsel LLC
Address: 177 E. Colorado Blvd, Pasadena, CA, 91105 1965
Telephone: 626-792-2228

Clifford Swan Investment Counsel LLC is a large advisory firm based in Pasadena. It manages $2.78 billion of regulatory assets for 2,366 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Arizona, California, Colorado, and 8 other states.

Clifford Swan Investment Counsel provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and publication of newsletters. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Clifford Swan Investment Counsel: assets under management

The assets under management (AUM) of Clifford Swan Investment Counsel LLC is $2.78 billion. The firm's AUM has grown by 34% since the beginning of its operation, and $18.12 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.2 billion in discretionary accounts and $575.5 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.11 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.53 million.

Clifford Swan Investment Counsel has custody of $2 billion in cash and securities for 117 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 58% 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 cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Clifford Swan Investment Counsel LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Maxwell Ramsey Pray serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Maxwell Ramsey Pray is high net worth individuals with 470 clients and $2.19 billion of assets under management. Among the 11 most similar advisory firms, Clifford Swan Investment Counsel has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.77 billion for 774 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.

Clifford Swan Investment Counsel doesn't advise any private funds.

Careers at Clifford Swan Investment Counsel LLC

The company employs 28 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. 11 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.

Maxwell Ramsey Pray has been acting as President since 1 Jan 2011. Richard Howard Adler joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard Howard Adler	Director	1 Jun 1999	Other	2102059
Jon Cowell Hunt	Director	1 Jun 1999	Other	2452038
Ccm Holdings Llc	Member	1 Feb 2000	Other	36-4321948
Peter James Boyle	President & director	1 Aug 2000	Other	2282726
James Robert Brown	Chief financial officer & secretary	1 Oct 2000	Other	4370874
Convergent Capital Management Llc	Interest holder	1 Apr 2003	25% - 50%	34-1975129
Maye Albanez	Director	1 Jan 2005	Other	2121048
Inc. Ccm Newco Iii	Member	1 Nov 2007	25% - 50%	95-3720462
Linda Davis Taylor	Chairman	1 Nov 2007	Other	4374852
Kathleen Mary Habegger	Chief compliance officer	1 Nov 2007	Other	4374861
Michael George Davis	Director	1 Nov 2007	Other	4374867
Carolyn Swabb Barber	Chief compliance officer	1 Aug 2009	Other	4565343
Linda Davis Taylor	Chairman & ceo	1 Jan 2010	Other	4374852
Maxwell Ramsey Pray	Director	1 Jan 2011	Other	2733434
William Jay Freeman	Director	1 Dec 2011	Other	4650630
Roger Leland (Jr) Gewecke	Director	1 Jan 2015	Other	1081009
Richard Howard Adler	Director	1 Dec 2015	Other	2102059
Randall Lee Zaharia	Member	1 Dec 2015	Other	4565341
Kathleen Gilmore	Member	1 Dec 2015	Other	4576093
Kevin James Cavanaugh	Member	1 Dec 2015	Other	5924323
Kenneth Howard Dike	Member	1 Dec 2015	Other	6613534

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
City National Corporation	Shareholder	1 Apr 2003	75% - 100%	95-2568550
Royal Bank Of Canada	Ultimate owner	1 Nov 2015	75% - 100%	13-5357855
Rbc Usa Holdco	Shareholder	1 Nov 2015	75% - 100%	20-0563684

Based in Pasadena

The principal office where Clifford Swan Investment Counsel LLC performs its advisory services is located at 177 E. Colorado Blvd, Pasadena, CA 91105 1965, which is also the mailing address of the firm. An additional office of the firm is in Golden, CO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 626-792-2228 or by fax 626-792-2670. The normal business hours are 7:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at cliffordswan.com.