Cain, Watters & Associates, LLC (Plano)

Name: Cain, Watters & Associates, LLC
Address: 6900 Dallas Parkway, Ste 500, Plano, TX, 75024
Telephone: 972-233-3323

Cain, Watters & Associates, LLC is a large advisory firm based in Plano. It manages $1.61 billion of regulatory assets for 5,853 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Cain, Watters & Associates provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and educational seminars and workshops. It prepares financial plans for approximately 2,080 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cain, Watters & Associates: assets under management

The assets under management (AUM) of Cain, Watters & Associates, LLC is $1.61 billion. The firm's AUM has grown by 18% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $16.47 million in discretionary accounts and $1.59 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $8.24 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $272.01 thousand.

Cain, Watters & Associates has custody of $65.02 million in cash and securities for 5 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 71% of the total AUM. The second-largest asset type is investment and business development companies, which make up 22% of the firm’s portfolio. Investments in exchange traded securities form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cain, Watters & Associates, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Cain, Watters & Associates serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Cain, Watters & Associates is high net worth individuals with 186 clients and $414.2 million of assets under management. Among the 7 most similar advisory firms, Cain, Watters & Associates has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $627.57 million for 1,098 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.

Cain, Watters & Associates doesn't advise any private funds.

Careers at Cain, Watters & Associates, LLC

The company employs 132 people that are either part- or full-time employees. 24 percent of the employees work as investment advisers or researchers. 42 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
Dan Charles Wicker	Managing member	1 Jan 2008	Other	3175391
Timothy Basil Greaves	Managing member	1 Jan 2008	Other	4538495
Teresa Donne Gast	Managing member	1 Jan 2008	Other	4538549
Toni Hatcher Lee	Managing member	1 Jan 2008	Other	4653916
Thomas Robert Sanders	Managing member	1 Jan 2008	Other	4601540
Steven Bradley Clapp	Managing member	1 Jan 2008	Other	4538425
Pc Cain & Watters	Managing member	1 Jan 2008	Other	75-2389867
Gary Vern Moore	Chief compliance officer	1 Jan 2008	Other	4538570
Brian Robert Bortz	Managing member	1 Jan 2014	Other	3225344
Steven Lawrence Cain	Managing member	1 Jan 2014	Other	4538520
Judson Standefer Crawford	Managing member	1 Jan 2014	Other	5001372
Charles Arnold Loretto	Managing member	1 Sep 2016	Other	5483295
Kristi J Heffron	Chief compliance officer	1 Apr 2017	Other	4702556
Pc Daniel C Wicker	Managing member	1 Jan 2019	Other	83-2802711
Pc Tim B. Greaves	Managing member	1 Jan 2019	Other	83-2807650
Toni Hatcher Lee Pc	Managing member	1 Jan 2019	Other	83-2810983
Pc Thomas R. Sanders	Managing member	1 Jan 2019	Other	83-2825164
Pc Steven B. Clapp	Managing member	1 Jan 2019	Other	83-2805505
Brian R. Bortz Pc	Managing member	1 Jan 2019	Other	83-2821251
Pc Steven L Cain	Managing member	1 Jan 2019	Other	83-2811421
Judson S. Crawford Pc	Managing member	1 Jan 2019	Other	83-2810046
Llc Charles A. Loretto	Managing member	1 Jan 2019	Other	83-2806256
Hunter D. Satterfield Pc	Managing member	1 Jan 2019	Other	83-2809669

Indirect Owners

The SEC currently registers 11 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Darrell Ward Cain	Chief executive officer	1 Jul 1995	75% - 100%	1256055
Dan Charles Wicker	Ceo	1 Jan 2019	75% - 100%	3175391
Timothy Basil Greaves	Ceo	1 Jan 2019	75% - 100%	4538495
Toni Hatcher Lee	Ceo	1 Jan 2019	75% - 100%	4653916
Thomas Robert Sanders	Ceo	1 Jan 2019	75% - 100%	4601540
Steven Bradley Clapp	Ceo	1 Jan 2019	75% - 100%	4538425
Brian Robert Bortz	Ceo	1 Jan 2019	75% - 100%	3225344
Steven Lawrence Cain	Ceo	1 Jan 2019	75% - 100%	4538520
Judson Standefer Crawford	Ceo	1 Jan 2019	75% - 100%	5001372
Charles Arnold Loretto	Managing member	1 Jan 2019	75% - 100%	5483295
Hunter David Satterfield	Ceo	1 Jan 2019	75% - 100%	5635933

Based in Plano

The principal office where Cain, Watters & Associates, LLC performs its advisory services is located at 6900 Dallas Parkway, Ste 500, Plano, TX 75024, which is also the mailing address of the firm. An additional office of the firm is in Austin, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 972-233-3323 or by fax 972- 943-0670. The normal business hours are 8:30am to 5:00pm on Monday - Friday. You can find more information about the New York firm at cainwatters.com.