Cedar Brook Financial Partners, LLC (Cleveland)

Name: Cedar Brook Financial Partners, LLC
Address: 5885 Landerbrook Drive, Cleveland, OH, 44124
Telephone: 440-683-9200

Cedar Brook Financial Partners, LLC is a large advisory firm based in Cleveland. It manages $1.03 billion of regulatory assets for 3,748 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Arizona, California, Colorado, and 19 other states.

Cedar Brook Financial Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cedar Brook Financial Partners: assets under management

The assets under management (AUM) of Cedar Brook Financial Partners, LLC is $1.03 billion. The firm's AUM has grown by 154% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $953.29 million in discretionary accounts and $76.89 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $256.61 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.33 million.

Investments

The firm invests in investment and business development companies the most. They account for 79% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio. Investments in exchange traded securities form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cedar Brook Financial Partners, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Cedar Brook Financial Partners 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 Cedar Brook Financial Partners is high net worth individuals with 511 clients and $736.27 million of assets under management. Among the 11 most similar advisory firms, Cedar Brook Financial Partners has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.03 billion for 1,652 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.

Cedar Brook Financial Partners doesn't advise any private funds.

Careers at Cedar Brook Financial Partners, LLC

The company employs 61 people that are either part- or full-time employees. 54 percent of the employees work as investment advisers or researchers. 33 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people 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 David Glubiak	Chief compliance officer	1 Jul 2005	Other	2552443
Llc Cedar Brook Financial Partners Holding	Managing member	1 Dec 2005	75% - 100%	00-0000000
Llc Cedar Brook Financial Partners Holdings	Managing member	1 Dec 2005	75% - 100%	20-3065977
Barbara J Pal	Chief compliance officer	1 Feb 2018	Other	4315279
Carlton S. Fernyak Ii Trust	Member	1 Jun 2018	Other	xxx-xx-xxxx

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Howard Alan Slater	Member	1 Jul 2005	25% - 50%	2447823
Azim Nakhooda	Member	1 Aug 2006	25% - 50%	2913470
Carlton S. Fernyak	Trustee	1 Jun 2018	Other	6969437

Based in Cleveland

The principal office where Cedar Brook Financial Partners, LLC performs its advisory services is located at 5885 Landerbrook Drive, Cleveland, OH 44124, which is also the mailing address of the firm. An additional office of the firm is in Strongsville, OH. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 440-683-9200 or by fax 440-683-9100. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at facebook.com/cedarbrookfinancial.