Canaan Natural Gas Management, LLC (Oklahoma City)

Canaan Natural Gas Management, LLC is a large advisory firm based in Oklahoma City. It manages $648.66 million of regulatory assets for 7 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Oklahoma.

Canaan Natural Gas Management provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Canaan Natural Gas Management: assets under management

The assets under management (AUM) of Canaan Natural Gas Management, LLC is $648.66 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 33% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $648.66 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $92.67 million each.

Canaan Natural Gas Management has custody of $648.66 million in cash and securities for 7 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Canaan Natural Gas Management, LLC for their services and products based on performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Johnnie Kevin Penton serves?

The only and largest group of clients of Johnnie Kevin Penton is pooled investment vehicles with 7 clients and $648.66 million of assets under management. Among the 10 most similar advisory firms, Canaan Natural Gas Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $648.66 million for 7 clients. None of the firm’s clients are foreign persons or businesses.

Canaan Natural Gas Management also advises several private funds. Namely, one private equity fund. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Canaan Natural Gas Management, LLC

The company employs 5 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 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.

Johnnie Kevin Penton has been acting as President since 1 Mar 2004. Christopher Peet Gordon joined the executive team most recently as the Managing Partner Crp Management Xi, Llc.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Johnnie Kevin Penton	President	1 Mar 2004	25% - 50%	6030033
Scott Michael Rayburn	Vice president cco	1 Mar 2004	Other	5927928
Leo Edwin Woodard	Chairman	1 Mar 2004	25% - 50%	6030039
Michael Stuart Mewbourn	Vice president	1 Mar 2004	Other	5928411
Brent Vernon Beebe	Vice president	1 Mar 2004	Other	6030024
Steven Mark Cain	Vice president	1 Mar 2004	Other	5928417
Dean Schaller Sergent	Vice president	1 Apr 2007	Other	5929811
Johnnie Kevin Penton	President crp management xi, llc	1 Feb 2014	50% - 75%	6030033
Dean Schaller Sergent	Vice president crp management, llc	1 Apr 2014	50% - 75%	5929811
Christopher Peet Gordon	Managing partner crp management xi, llc	1 Apr 2015	25% - 50%	6615817

Based in Oklahoma City

The principal office where Canaan Natural Gas Management, LLC performs its advisory services is located at 1101 N Broadway, Oklahoma City, OK 73103 7103, 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 405-604-9300 or by fax 405-604-9299. The normal business hours are 8am-5pm on Monday - Friday.