Cadaret, Grant & Co

Cadaret, Grant & Co Stock Broker Review

Overview and General Information

Cadaret, Grant & Co is a prominent investment firm established in 1985 by Art Grant and Mac Cadaret. Headquartered in Syracuse, New York, the company has a solid track record of providing comprehensive financial services to individuals and businesses alike. As of now, it is owned, controlled, and managed by Atria Wealth Solutions, a privately-owned Delaware limited liability company.

Cadaret, Grant & Co holds several important certifications and licenses. They have been registered as an investment advisor since 1992 and as a broker-dealer since 1985. The firm is also a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC), demonstrating their commitment to adhering to industry standards and safeguarding client assets.

Products and Services Offered by Cadaret, Grant & Co Stock Broker

Details of Main Products

Cadaret, Grant & Co offers a diverse range of investment products designed to meet the financial needs of its clients. Some of their key offerings include:

• Securities:The firm deals with a wide array of securities, including stocks, bonds, mutual funds, limited partnerships, unit investment trusts, and variable annuities. This allows clients to diversify their portfolios and invest in various asset classes.
• Portfolio Management Programs:Cadaret, Grant & Co provides two main portfolio management programs:
  • The Investment Management System (TIMS):This program is designed to provide personalized investment strategies tailored to client needs. It requires a minimum account size of $25,000.
  • The Investment Management System II (TIMS II):Similar to TIMS, TIMS II provides customized investment management services. It also has a minimum account size requirement of $25,000.
• Wrap Fee Programs:The firm's wrap fee programs, known as Contour Platform, offer multiple tiers to suit different client profiles and investment needs. These tiers include:
  • Contour APM:This program requires a minimum account size of $25,000 and provides advisory services, including portfolio management, financial planning, and other services. Clients pay a single wrap fee for all services.
  • Contour Strategists:This tier offers access to a team of experienced investment strategists. The minimum account size varies, but it can be as low as $2,000 for some clients.
  • Contour SMA:This program provides separately managed accounts, where the client's assets are managed by a dedicated portfolio manager. The minimum account size is $100,000.
  • Contour UMA:Similar to Contour SMA, this program offers discretionary investment management services, but with a higher minimum account size of $100,000.

Additional and Special Services

Beyond their core product offerings, Cadaret, Grant & Co also provides a range of additional and special services to enhance their clients' financial well-being. These include:

• Financial Planning:The firm provides comprehensive financial planning services, including retirement planning, estate planning, and college savings. Their financial planning program has a maximum fee of $10,000.
• Consulting Services:Cadaret, Grant & Co offers financial consulting services to individuals and businesses, covering various areas such as investment strategies, tax planning, and risk management. The consulting services come with a maximum hourly fee of $350.
• Client Services:Notably, Cadaret, Grant & Co provides flexibility for clients. They allow clients to purchase recommended investment products through other brokers, agents, advisors, product sponsors, third-party advisors, and service providers not associated with Cadaret Grant. This option enhances client control and access to a broader range of investment opportunities.

Product Features and Conditions

Key Attributes and Requirements of the Offered Products

Each of Cadaret, Grant & Co's products comes with specific features and conditions. Here's a detailed look at the key attributes and requirements:

• Portfolio Management Programs (TIMS and TIMS II):
  • Minimum account size: $25,000
  • Customized investment strategies: Tailored to the individual needs and goals of each client.
• Wrap Fee Programs (Contour Platform):
  • Contour APM:
    • Minimum account size: $25,000
    • Advisory services: Portfolio management, financial planning, and other services included in a single wrap fee.
  • Contour Strategists:
    • Minimum account size: Varies, as low as $2,000 for some clients.
    • Investment strategists: Access to experienced investment strategists.
  • Contour SMA and Contour UMA:
    • Minimum account size: $100,000
    • Flexible investment strategies: Tailored to client goals and risk tolerance.
    • Dedicated portfolio manager: Individual attention and management for clients' assets.

Contact Channels and Customer Support

Contact Methods

Connecting with Cadaret, Grant & Co for inquiries or account opening is relatively straightforward. They provide several contact methods for potential clients.

• Website:The primary point of contact is their official website,cadaretgrant.com. Here, clients can find information about their services, products, and contact details.
• Phone:Clients can also contact them through their phone line, which is specifically available for account opening and inquiries. The exact phone number can be found on their website.
• Email:While a specific email address is not explicitly mentioned, clients can likely reach out through the website contact form or by calling the phone number provided.

Service Hours and Support Quality

While specific service hours are not disclosed, it's safe to assume that Cadaret, Grant & Co provides support during regular business hours. Clients can expect professional and knowledgeable support from investment advisor representatives (IARs) within the Cadaret Grant network.

Pros and Cons of Cadaret, Grant & Co Stock Broker

Pros

Cadaret, Grant & Co comes with several advantages that make it an attractive option for investors. Some of the key benefits include:

• Long-standing Reputation:The firm has over 35 years of experience in the financial industry, which lends credibility and trust to their services. Their history of serving clients for such a long period suggests a strong commitment to providing quality service.
• Variety of Services:They offer a wide range of financial services, catering to diverse investment needs. Clients can access portfolio management, financial planning, and consulting services, all under one roof.
• Flexibility:While minimum account sizes are typically specified, Cadaret Grant has the discretion to negotiate these requirements. This provides flexibility, especially for clients with smaller investment portfolios.
• Client Options:Clients have the option to purchase recommended investment products through other brokers or service providers. This empowers clients to diversify their investment choices and access a broader range of opportunities.

Cons

Despite its advantages, Cadaret, Grant & Co also comes with some potential drawbacks. Clients should be aware of these aspects before making a decision:

• Conflicts of Interest:A significant point of concern is the possibility of conflicts of interest. IARs may receive compensation for the sale of securities, which could influence their recommendations. Clients should be aware of this and discuss potential conflicts with their IARs openly.
• Disciplinary Actions:Public records indicate that Cadaret Grant has faced disciplinary actions in the past. According to reports, they have 28 disciplinary disclosures and have paid millions in fines, submitted to censures, cease-and-desist orders, restitution (plus interest), and disgorgement. These actions raise concerns about the firm's compliance and adherence to regulatory standards. While past disciplinary actions do not guarantee future misconduct, clients should be aware of this history and carefully evaluate the firm's practices before entrusting their investments.

Summary of Cadaret, Grant & Co Stock Broker Review

Who is it Best Suited For and Why?

Cadaret, Grant & Co is a suitable option for a wide range of clients, offering services that cater to various financial needs. Their client base includes:

• Individuals:Both high net worth and non-high net worth individuals can benefit from Cadaret Grant's services. Their services cater to diverse investment goals and financial situations.
• Businesses:Corporations, pension and profit-sharing plans, and charitable organizations can also utilize Cadaret Grant's services. The firm's services can assist businesses in managing their assets, ensuring financial security, and meeting their specific financial goals.
• Flexibility:The firm offers various account types and minimums, making it suitable for a wide range of clients. This flexibility ensures that individuals and businesses with different investment capacities and goals can find a suitable solution.

Final Thoughts on Value and Choosing the Company

Cadaret Grant's comprehensive financial services, combined with their long-standing reputation in the industry, make them a potentially valuable option for investors. However, it's crucial to remember the potential conflicts of interest and the firm's disciplinary history. Clients should carefully weigh these factors and conduct thorough research before making a decision. Consulting with a trusted financial advisor can also provide valuable insights and guidance.

Frequently Asked Questions about Cadaret, Grant & Co Stock Broker

• Q: How do I open an account with Cadaret Grant?
  A:Clients can open an account by visiting the firm's website or calling over the phone. You can find the necessary contact details on their website.
• Q: What types of clients does Cadaret Grant advise?
  A:Cadaret Grant advises individuals with and without high net worth, pension and profit-sharing plans, charitable organizations, and corporations or other businesses. Their services cater to a broad spectrum of clientele.
• Q: What are the minimum account sizes for Cadaret Grant's portfolio management programs?
  A:The minimum account sizes for TIMS and TIMS II are $25,000 each. However, it's worth noting that these minimums can be negotiable at the firm's discretion. You should contact the firm directly to discuss specific account size requirements for your individual situation.

Key Takeaways:

• Cadaret, Grant & Co has a long history and offers a diverse range of financial services to individuals and businesses.
• Clients should consider their minimum account size requirements and potential conflicts of interest before making a decision.
• It's crucial to research the firm's history, including any disciplinary actions, before entrusting them with your investments.