Cannon Tingey Investment Advisors Inc (Salt Lake City)

Name: Cannon Tingey Investment Advisors Inc
Address: 2101 East Murray Holladay Road, Salt Lake City, UT, 84117
Telephone: 801-352-8166

Cannon Tingey Investment Advisors Inc is a large advisory firm based in Salt Lake City. It manages $205.13 million of regulatory assets for 643 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Tennessee, Utah, and Washington.

Cannon Tingey Investment Advisors 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, publication of newsletters, educational seminars and workshops, and business management consulting. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cannon Tingey Investment Advisors: assets under management

The assets under management (AUM) of Cannon Tingey Investment Advisors Inc is $205.13 million. The firm's AUM has grown by 197% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $203.18 million in discretionary accounts and $1.95 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $325.09 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $108.4 thousand.

Cannon Tingey Investment Advisors has custody of $49.76 million in cash and securities for 111 clients in total and acts as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 66% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 12% of the firm’s portfolio. Investments in government bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cannon Tingey Investment Advisors Inc for their services and products based on a percentage of assets under management and hourly charges. 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 Cannon Tingey Investment Advisors serves?

The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Cannon Tingey Investment Advisors is high net worth individuals with 67 clients and $125.3 million of assets under management. Among the 7 most similar advisory firms, Cannon Tingey Investment Advisors has the 2nd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $203.14 million for 287 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.

Cannon Tingey Investment Advisors doesn't advise any private funds.

Careers at Cannon Tingey Investment Advisors Inc

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Clinton Cannon	Principal	1 Feb 1996	25% - 50%	2304488
Clinton Croxall Cannon	Principal	1 Feb 1996	25% - 50%	2304488
Alan Burton Tingey	Principal/chief compliance officer	1 Jan 1998	25% - 50%	4369206
Jon Davis Tingey	Principal	1 Jun 1999	25% - 50%	4369207

Based in Salt Lake City

The principal office where Cannon Tingey Investment Advisors Inc performs its advisory services is located at 2101 East Murray Holladay Road, Salt Lake City, UT 84117, 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 801-352-8166 or by fax 801-352-8168. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at tingeyadvisors.com.