The Cavanaugh Group Inc (Towson)

The Cavanaugh Group provides 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.

The Cavanaugh Group: assets under management

The assets under management (AUM) of The Cavanaugh Group Inc is $512.85 million. The firm's AUM has grown by 101% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.99 million in discretionary accounts and $509.86 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $498.37 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $6.37 million.

Investments

The firm invests in exchange traded securities the most. They account for 75% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 22% of the firm’s portfolio. Investments in government bonds form 2% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay The Cavanaugh Group Inc for their services and products based on a percentage of assets under management. 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 Cavanaugh Keith serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Daniel Cavanaugh Keith is high net worth individuals with 22 clients and $504.11 million of assets under management. Among the 8 most similar advisory firms, The Cavanaugh Group has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $512.85 million for 41 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.

The Cavanaugh Group doesn't advise any private funds.

Careers at The Cavanaugh Group Inc

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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 Cavanaugh Keith has been acting as President since 1 Oct 1995. Jessica Phelps Keith joined the executive team most recently as the Vice President/Chief Compliance Officer.

Direct owners and executive officers

Based in Towson

The principal office where The Cavanaugh Group Inc performs its advisory services is located at 100 W Pennsylvania Ave, Towson, MD 21204, 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 410-583-0850 or by fax 410-583-0856. The normal business hours are 9:00 a.m. to 4:30 p.m. on Monday - Friday.

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