Cfo4 Life Group, LLC (Coppell)

Name: Cfo4 Life Group, LLC
Address: 735 Plaza Blvd., Coppell, TX, 75019
Telephone: 214-637-9500

Cfo4 Life Group, LLC is a large advisory firm based in Coppell. It manages $1.06 billion of regulatory assets for 713 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Arkansas, California, Colorado, and 7 other states.

Cfo4 Life Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Cfo4 Life Group: assets under management

The assets under management (AUM) of Cfo4 Life Group, LLC is $1.06 billion. The firm's AUM has grown by 98% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $803.64 million in discretionary accounts and $258.35 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.16 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $14.35 million.

Cfo4 Life Group has custody of $73.28 million in cash and securities for 67 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 75% of the total AUM. The second-largest asset type is exchange traded securities, which make up 21% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cfo4 Life Group, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Cfo4 Life Group 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 Cfo4 Life Group is high net worth individuals with 170 clients and $512.39 million of assets under management. Among the 8 most similar advisory firms, Cfo4 Life Group has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.06 billion for 713 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.

Cfo4 Life Group doesn't advise any private funds.

Careers at Cfo4 Life Group, LLC

The company employs 19 people that are either part- or full-time employees. 84 percent of the employees work as investment advisers or researchers. 10 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 receive compensation from other entities for client referrals.

Brian Metford Chastain has served as the Chief Investment Officer since 1 Jan 2007. Focus Financial Partners Inc. joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Levi Glenn Mcmellian	Chief executive officer, executive director	1 Jan 2007	Other	4516443
Brian Metford Chastain	Chief investment officer	1 Jan 2007	Other	1556616
Kevin Sean Woodard	Chief compliance officer	1 Oct 2014	Other	2523425
Llc Focus Operating	Member/manager	1 Feb 2017	75% - 100%	20816194

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Focus Financial Partners	Member	1 Jan 2007	75% - 100%	16-1728260
L.P. Cp Falcon Aiv	Member	1 Oct 2013	25% - 50%	34-4767150
L.P. Trident Vi Parallel Fund	Member	1 Apr 2017	75% - 100%	98-1132009
Trident Ffp Blocker Llc	Limited partner	1 May 2017	25% - 50%	82-1662776
L.P. Trident Vi	Limited partner	1 May 2017	25% - 50%	98-1131820
L.P. Trident Ffp	Member	1 Jul 2017	25% - 50%	82-1662703
Focus Financial Partners Inc.	Member	1 Jul 2018	75% - 100%	47-4780811

Based in Coppell

The principal office where Cfo4 Life Group, LLC performs its advisory services is located at 735 Plaza Blvd., Coppell, TX 75019, which is also the mailing address of the firm. An additional office of the firm is in Richardson, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 214-637-9500 or by fax 214-637-9595. The normal business hours are 8:00 to 5:00 on Monday - Friday. You can find more information about the New York firm at mycfo4life.com.