Cordatus Wealth Management LLC (Newtown)

Cordatus Wealth Management LLC is a large advisory firm based in Newtown. It manages $230.71 million of regulatory assets for 698 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Connecticut, Florida, and 5 other states.

Cordatus Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cordatus Wealth Management: assets under management

The assets under management (AUM) of Cordatus Wealth Management LLC is $230.71 million. The firm's AUM has grown by 84% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $211.89 million in discretionary accounts and $18.82 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $323.01 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $448.01 thousand.

Cordatus Wealth Management has custody of $21.9 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 85% of the total AUM. The second-largest asset type is state and local bonds, which make up 5% of the firm’s portfolio. Investments in investment grade corporate bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cordatus Wealth Management LLC for their services and products based on a percentage of assets under management and fixed fees. 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.

What kind of clients Cordatus Wealth Management serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Cordatus Wealth Management is high net worth individuals with 137 clients and $192.42 million of assets under management. Among the 11 most similar advisory firms, Cordatus Wealth Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $228.28 million for 243 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.

Cordatus Wealth Management doesn't advise any private funds.

Careers at Cordatus Wealth Management LLC

The company employs 5 people that are either part- or full-time employees. 60 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 receive compensation from other entities for client referrals.

Sean Patrick Gogola joined the executive team most recently as the Vice President.

Direct owners and executive officers

Based in Newtown

The principal office where Cordatus Wealth Management LLC performs its advisory services is located at 10 North State St, Newtown, PA 18940, 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 215-579-5981. 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 cordatuswealth.com/.

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