Cogent Advisor LLC (Chicago)

Name: Cogent Advisor LLC
Address: 77 West Wacker Drive, Chicago, IL, 60601
Telephone: 312-382-8388

Cogent Advisor LLC is a large advisory firm based in Chicago. It manages $131.78 million of regulatory assets for 267 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Illinois and Texas.

Cogent Advisor provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Cogent Advisor: assets under management

The assets under management (AUM) of Cogent Advisor LLC is $131.78 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 22% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $131.78 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $493.57 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 74% of the total AUM. The second-largest asset type is state and local bonds, which make up 16% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cogent Advisor 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 Cogent Advisor serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Cogent Advisor is high net worth individuals with 39 clients and $123.11 million of assets under management. Among the 6 most similar advisory firms, Cogent Advisor has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $131.78 million for 78 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.

Cogent Advisor doesn't advise any private funds.

Careers at Cogent Advisor LLC

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael J. Evans	Managing member/president & chief compliance officer	1 Feb 2008	75% - 100%	5751636

Based in Chicago

The principal office where Cogent Advisor LLC performs its advisory services is located at 77 West Wacker Drive, Chicago, IL 60601, 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 312-382-8388 or by fax 312-268-7210. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at cogentadvisor.com and its LinkedIn profile.