Cosner Financial Group, LLC (Fort Collins)


Cosner Financial Group, LLC is a large advisory firm based in Fort Collins. It manages $133.67 million of regulatory assets for 1,002 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Colorado, Florida, Louisiana, and 3 other states.

Cosner Financial Group provides financial planning services and portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Cosner Financial Group: assets under management

The assets under management (AUM) of Cosner Financial Group, LLC is $133.67 million. The firm's AUM has grown by 377% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $133.28 million in discretionary accounts and $385.84 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $134.22 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $42.87 thousand.
Cosner Financial Group has custody of $4.31 million in cash and securities for 15 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 55% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 36% of the firm’s portfolio. Investments in other assets form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cosner Financial Group, 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 Cosner Financial Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Cosner Financial Group is high net worth individuals with 81 clients and $72.32 million of assets under management. Among the 7 most similar advisory firms, Cosner Financial Group has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $133.67 million for 664 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.

Cosner Financial Group doesn't advise any private funds.

Careers at Cosner Financial Group, LLC

The company employs 5 people that are either part- or full-time employees. 80 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
James Patrick Cosner Managing member 1 Jul 2008 75% - 100% 1887985
Ryan Patrick Cosner Managing member & chief compliance officer 1 Jul 2008 Other 4599362
Austin Gene Kelly Manager 1 Jul 2008 Other 4851478

Based in Fort Collins

The principal office where Cosner Financial Group, LLC performs its advisory services is located at 204 Maple Street, Fort Collins, CO 80521, which is also the mailing address of the firm. An additional office of the firm is in Midland, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (970) 482-3922 or by fax (866) 260-1029. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at cosnerfinancialgroup.com.