Cordant, Inc. (Portland)

Name: Cordant, Inc.
Address: 1211 Sw Fifth Ave, Portland, OR, 97204
Telephone: (503) 621-9207

Cordant, Inc. is a large advisory firm based in Portland. It manages $175.51 million of regulatory assets for 654 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California, Oregon, Texas, and Washington.

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

Cordant: assets under management

The assets under management (AUM) of Cordant, Inc. is $175.51 million. The firm's AUM has grown by 56% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $169.25 million in discretionary accounts and $6.26 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $271.23 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $208.73 thousand.

Cordant has custody of $38.72 million in cash and securities for 32 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 52% of the total AUM. The second-largest asset type is other assets, which make up 35% of the firm’s portfolio. Investments in investment grade corporate bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cordant, Inc. 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 Cordant serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Cordant is high net worth individuals with 76 clients and $171.99 million of assets under management. Among the 10 most similar advisory firms, Cordant has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $175.51 million for 86 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.

Cordant doesn't advise any private funds.

Careers at Cordant, Inc.

The company employs 6 people that are either part- or full-time employees. 67 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
William Paul Anfuso	Founder, president and shareholder	1 Feb 2010	75% - 100%	4348531
Brenda Kay Mccombs	Chief compliance officer	1 Sep 2010	Other	2951985
Daniel Jacob Frankel	Lead advisor and shareholder	1 Mar 2013	Other	5165778
Isaac Eugene Presley	President and director of investments	1 Jan 2017	Other	4520604

Based in Portland

The principal office where Cordant, Inc. performs its advisory services is located at 1211 Sw Fifth Ave, Portland, OR 97204, 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 (503) 621-9207 or by fax (888) 839-8031. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at cordantwealth.com.