Cdm Financial Counseling Services, Inc. (Norwich)

Cdm Financial Counseling Services, Inc. is a large advisory firm based in Norwich. It manages $125.2 million of regulatory assets for 415 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Connecticut, Florida, and New York.

Cdm Financial Counseling Services provides financial planning services and portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Cdm Financial Counseling Services: assets under management

The assets under management (AUM) of Cdm Financial Counseling Services, Inc. is $125.2 million. The firm's AUM has grown by 250% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $51.7 million in discretionary accounts and $73.5 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $309.58 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $296.37 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 65% of the total AUM. The second-largest asset type is investment and business development companies, which make up 21% 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 Cdm Financial Counseling Services, Inc. for their services and products based on a percentage of assets under management, hourly charges, 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 Michael Abbott Goldblatt serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Michael Abbott Goldblatt is high net worth individuals with 111 clients and $85.5 million of assets under management. Among the 6 most similar advisory firms, Cdm Financial Counseling Services has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $125.2 million for 249 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.

Cdm Financial Counseling Services doesn't advise any private funds.

Careers at Cdm Financial Counseling Services, Inc.

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 5 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.

Michael Abbott Goldblatt has been acting as President since 1 Jan 1996. Barbara D Kanter joined the executive team most recently as the Secretary/Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Abbott Goldblatt	President	1 Jan 1996	25% - 50%	2694190
Steven L. Bokoff	Treasurer	1 Jan 1996	25% - 50%	4650243
Barbara D Kanter	Secretary/chief compliance officer	1 Jan 2001	Other	2808661
Eric Norman Kanter	Vice president	1 Jan 2001	Other	2363012
Barbara Jean Kanter	Secretary/chief compliance officer	1 Jan 2001	25% - 50%	2808661

Based in Norwich

The principal office where Cdm Financial Counseling Services, Inc. performs its advisory services is located at 457 West Main Street, Norwich, CT 06360, 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 860-886-5108 or by fax 860-889-8683. The normal business hours are 8:30 am - 4:30 pm on Monday - Friday.