Cacti Asset Management, LLC (Atlanta)

Name: Cacti Asset Management, LLC
Address: 3655 Peachtree Road, Suite 101, Atlanta, GA, 30319
Telephone: 404-869-1469

Cacti Asset Management, LLC is a large advisory firm based in Atlanta. It manages $1.18 billion of regulatory assets for 66 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Georgia, New Hampshire, and New Jersey.

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

Cacti Asset Management: assets under management

The assets under management (AUM) of Cacti Asset Management, LLC is $1.18 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 458% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.18 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $17.85 million each.

Cacti Asset Management has custody of $117.23 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 90% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio. Investments in government bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cacti Asset Management, LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based 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 Cacti Asset Management serves?

The firm provides services to charitable organizations, high net worth individuals, and pooled investment vehicles. The largest group of clients of Cacti Asset Management is high net worth individuals with 31 clients and $210.7 million of assets under management. Among the 10 most similar advisory firms, Cacti Asset Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $424.99 million for 42 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.

Cacti Asset Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Cacti Asset Management, LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Joshua Steven Pechter	Chief compliance officer	1 Mar 2001	50% - 75%	5896390
Meredith Grace Pechter	Member	1 Mar 2001	Other	5899891
Joshua Stephen Pechter	Chief compliance officer	1 Mar 2001	50% - 75%	5896390
Grayson Samuel Pechter	Member	1 May 2005	Other	5899955
Truen Frederick Pechter	Member	1 May 2005	Other	5899956
Hollace Charles Pechter	Member	1 Apr 2007	Other	5899957
Rowan Grace Pechter	Member	1 Mar 2009	Other	5899959

Based in Atlanta

The principal office where Cacti Asset Management, LLC performs its advisory services is located at 3655 Peachtree Road, Suite 101, Atlanta, GA 30319, 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 404-869-1469 or by fax 404-869-3479. 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 cactipartners.com.