Cbt Financial Planning, Inc. (Irvine)


Cbt Financial Planning, Inc. is a large advisory firm based in Irvine. It manages $162.64 million of regulatory assets for 439 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California, Indiana, Louisiana, and Texas.

Cbt Financial Planning provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cbt Financial Planning: assets under management

The assets under management (AUM) of Cbt Financial Planning, Inc. is $162.64 million. The firm's AUM has grown by 79% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $141.02 million in discretionary accounts and $21.62 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $351.68 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $568.87 thousand.
Cbt Financial Planning has custody of $6.26 million in cash and securities for 6 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 95% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cbt Financial Planning, Inc. for their services and products based on a percentage of assets under management, hourly charges, 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 Cbt Financial Planning serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Cbt Financial Planning is high net worth individuals with 36 clients and $133.19 million of assets under management. Among the 8 most similar advisory firms, Cbt Financial Planning has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $162.42 million for 96 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.

Cbt Financial Planning doesn't advise any private funds.

Careers at Cbt Financial Planning, Inc.

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 2 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
Scott Joseph Thoerner Sole shareholder/chief compliance officer 1 Nov 2010 75% - 100% 4141620
Christie Ann Baker Chief compliance officer 1 Jan 2011 Other 1690585
Baker Thoerner Family Trust Dtd 9/3/1988 Fbo Chris Baker As Her Separate Property Shareholder 1 Jan 2011 75% - 100% xxx-xx-xxxx

Based in Irvine

The principal office where Cbt Financial Planning, Inc. performs its advisory services is located at 1130 Roosevelt, Irvine, CA 92620, 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 (949) 263-1883 or by fax (949) 263-1609. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at bafps.com.