Pecaut & Co. (Sioux City)

Name: Pecaut & Co.
Address: 401 Douglas St, Ste 415, Sioux City, IA, 51101
Telephone: 712-252-3268

Pecaut & Co. is a large advisory firm based in Sioux City. It manages $223 million of regulatory assets for 321 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Illinois, Iowa, Nebraska, New York, and South Dakota.

Pecaut & provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, publication of newsletters, and makes investment recommendations. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Pecaut &: assets under management

The assets under management (AUM) of Pecaut & Co. is $223 million. The firm's AUM has grown by 473% since the beginning of its operation, and $13.95 million of the total AUM is attributable to clients outside of the United States.

The firm manages $217.78 million in discretionary accounts and $5.23 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $684.84 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.74 million.

Investments

The firm invests in exchange traded securities the most. They account for 64% of the total AUM. The second-largest asset type is investment and business development companies, which make up 17% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pecaut & Co. 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.

What kind of clients Daniel Scott Pecaut serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Daniel Scott Pecaut is high net worth individuals with 58 clients and $163.85 million of assets under management. Among the 8 most similar advisory firms, Pecaut & has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $198.37 million for 144 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Pecaut & doesn't advise any private funds.

Careers at Pecaut & Co.

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 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.

Daniel Scott Pecaut has been acting as President since 1 Apr 1993. Corey John Wrenn joined the executive team most recently as the Chief Executive Officer And President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Daniel Scott Pecaut	President	1 Apr 1993	25% - 50%	870480
Corey John Wrenn	Trasurer	1 Apr 1993	25% - 50%	2263802
Richard Arlen Pecaut	Chairman of the board	1 Dec 1998	Other	359046
Stewart Churchill Hartman	Vice president	1 Dec 1998	25% - 50%	2482360
Mark Leslie Sisley	Coo	1 Nov 2001	Other	3179974
Corey John Wrenn	Chief compliance officer	1 Jan 2004	50% - 75%	2263802
John Christian Pecaut	Vice president	1 Oct 2017	Other	6710546
Daniel Scott Pecaut	Chief investment officer and chairman	1 Aug 2018	25% - 50%	870480
Corey John Wrenn	Chief executive officer and president	1 Aug 2018	50% - 75%	2263802
John Christian Pecaut	Chief operating officer, chief compliance officer and vice president	1 Aug 2018	Other	6710546

Based in Sioux City

The principal office where Pecaut & Co. performs its advisory services is located at 401 Douglas St, Ste 415, Sioux City, IA 51101, 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 712-252-3268 or by fax 712-566-5073. The normal business hours are 8:00am-4:00pm on Monday - Friday. You can find more information about the New York firm at pecautandcompany.com.