Cooperative Funeral Fund Inc (Madison)

Name: Cooperative Funeral Fund Inc
Address: 74 Boston Post Road, Madison, CT, 06443
Telephone: 800-336-1102

Cooperative Funeral Fund Inc is a large advisory firm based in Madison. It manages $574.34 million of regulatory assets for 92,942 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Connecticut, Illinois, and 7 other states.

Cooperative Funeral Fund provides portfolio management for individuals and small businesses and funeral and cemetery trust management. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Cooperative Funeral Fund: assets under management

The assets under management (AUM) of Cooperative Funeral Fund Inc is $574.34 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 486% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $574.34 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $6.18 thousand each.

Investments

The firm invests in government bonds the most. They account for 97% of the total AUM. The second-largest asset type is investment and business development companies, which make up 2% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Cooperative Funeral Fund Inc for their services and products based on a percentage of assets under management. 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.

Careers at Cooperative Funeral Fund Inc

The company employs 13 people that are either part- or full-time employees. 15 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There’s a single person 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.

Mark Mannix has been acting as President since 1 Jul 1989. Todd Dylan Mannix joined the executive team most recently as the Vice President / Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mark Mannix	President/ chief investment officer	1 Jul 1989	75% - 100%	2593931
Richard Mark Perlmutter	Vice president	1 May 1994	Other	4383201
Todd Dylan Mannix	Vice president / chief compliance officer	1 Aug 2011	Other	2349246

Based in Madison

The principal office where Cooperative Funeral Fund Inc performs its advisory services is located at 74 Boston Post Road, Madison, CT 06443 The mailing address of the firm is P.O. Box 1036, Madison, CT 06443. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-336-1102 or by fax 800-340-0000. The normal business hours are 8:30 am - 4:30pm on Monday - Friday. You can find more information about the New York firm at cffinc.com.