Cherokee & Walker Management, LLC (Salt Lake City)

Name: Cherokee & Walker Management, LLC
Address: 6440 South Wasatch Boulevard, Salt Lake City, UT, 84121
Telephone: 801-278-7800

Cherokee & Walker Management, LLC is a large advisory firm based in Salt Lake City. It manages $101.12 million of regulatory assets for 7 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of Utah.

Cherokee & Walker Management provides portfolio management for individuals and small businesses and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Cherokee & Walker Management: assets under management

The assets under management (AUM) of Cherokee & Walker Management, LLC is $101.12 million. The firm's AUM has gone down by -12% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $78.75 million in discretionary accounts and $22.36 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $19.69 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $7.45 million.

Cherokee & Walker Management has custody of $101.12 million in cash and securities for 7 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cherokee & Walker Management, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Cherokee & Walker Management serves?

The firm provides services to charitable organizations, high net worth individuals, and pooled investment vehicles. The largest group of clients of Cherokee & Walker Management is pooled investment vehicles with 4 clients and $78.75 million of assets under management. Among the 7 most similar advisory firms, Cherokee & Walker Management has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $101.12 million for 7 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.

Cherokee & Walker Management also advises several private funds. Namely, three other private funds and one venture capital fund. The minimum investment commitment required of non-related persons ranges from $100,000 to $250,000.

Careers at Cherokee & Walker Management, LLC

The company employs 10 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 5 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
Shane Reid Peery	Member, managing director	1 Jan 2006	Other	6029116
James Blair Jenkins	Member, managing director	1 Jan 2006	Other	6029120
James Wentworth Jenkins	Member, director	1 Jan 2006	Other	1032268
Llc Rosenvall Management	Member	1 May 2008	Other	26-2492917
Paul Kevin Erickson	Chief compliance officer	1 May 2013	Other	1569432
Brent Layne Wilson	Member, director	1 Jun 2014	Other	6364981

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Paul Kevin Erickson	Managing director	1 May 2008	75% - 100%	1569432

Based in Salt Lake City

The principal office where Cherokee & Walker Management, LLC performs its advisory services is located at 6440 South Wasatch Boulevard, Salt Lake City, UT 84121, 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 801-278-7800 or by fax 801-278-7818. The normal business hours are 8:30 am - 5 pm on Monday - Friday. You can find more information about the New York firm at cherokeeandwalker.com.