Carden Capital LLC (Pitkin)

Name: Carden Capital LLC
Address: 866 Fossil View Drive, Pitkin, CO, 81241
Telephone: 858-410-0038

Carden Capital LLC is a mid-sized advisory firm based in Pitkin. It manages $28.37 million of regulatory assets for 18 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of Colorado.

Carden Capital provides portfolio management for individuals and small businesses, portfolio management for investment companies, and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Carden Capital: assets under management

The assets under management (AUM) of Carden Capital LLC is $28.37 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 590% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $28.37 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.58 million each.

Carden Capital has custody of $2.79 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 85% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Carden Capital LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Carden Capital serves?

The firm provides services to individuals, investment companies, other investment advisers, and pooled investment vehicles. The largest group of clients of Carden Capital is other investment advisers with 1 clients and $22.01 million of assets under management. Among the 4 most similar advisory firms, Carden Capital has the highest percentage of other investment advisers out of all clients.

The amount of regulatory assets under management is $28.37 million for 13 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.

Carden Capital also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Carden Capital LLC

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’s a single person 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Sean Evan Wright	Cco and managing member	1 Dec 2008	50% - 75%	2791415
Gavan Ragnar Duemke	Managing member	1 Dec 2014	50% - 75%	6220697

Based in Pitkin

The principal office where Carden Capital LLC performs its advisory services is located at 866 Fossil View Drive, Pitkin, CO 81241, 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 858-410-0038. The normal business hours are 9:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at cardencapital.com.