Ctc Mycfo, LLC is a large advisory firm based in Palo Alto. It manages $12.77 billion of regulatory assets for 2,507 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Arizona, California, Connecticut, and 7 other states.
Ctc Mycfo provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and asset allocation, performance measurement, non-discretionary investment advisory and subadvisory services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Ctc Mycfo, LLC is $12.77 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 51% since the beginning of its operation, and $361.94 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Ctc Mycfo, 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.
The firm provides services to investment companies, high net worth individuals, and pooled investment vehicles. The largest group of clients of John Anthony Benevides is high net worth individuals with 39 clients and $12.77 billion of assets under management. Among the 10 most similar advisory firms, Ctc Mycfo has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $12.77 billion for 42 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 5% of the firm’s clients are foreign persons or businesses.
Ctc Mycfo also advises several private funds. Namely, one hedge fund, five real estate funds, eleven other private funds, eight private equity funds, and two venture capital funds. The minimum investment commitment required of non-related persons ranges from $1 to $250,000.
The company employs 120 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. 14 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.
John Anthony Benevides has been acting as President since 1 Dec 2012. Carolyn Andrea Booth joined the executive team most recently as the Director.
The principal office where Ctc Mycfo, LLC performs its advisory services is located at 2200 Geng Road, Palo Alto, CA 94303, which is also the mailing address of the firm. An additional office of the firm is in Seattle, WA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (650) 210-5000 or by fax (650) 210-5099. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at ctcmycfo.com.