Cargile Investment Management, Inc. is a large advisory firm based in Midland. It manages $123.64 million of regulatory assets for 193 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Louisiana, Missouri, New York, and Texas.
Cargile Investment Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, and portfolio management for businesses and institutional clients. 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 assets under management (AUM) of Cargile Investment Management, Inc. is $123.64 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -3% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Cargile Investment Management, Inc. 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.
The firm provides services to individuals, investment companies, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Cargile Investment Management is high net worth individuals with 31 clients and $96.7 million of assets under management. Among the 12 most similar advisory firms, Cargile Investment Management has the 5th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $123.28 million for 121 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.
Cargile Investment Management doesn't advise any private funds.
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.
The principal office where Cargile Investment Management, Inc. performs its advisory services is located at 415 West Wall Street, Midland, TX 79701, 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 432-617-1394 or by fax 432-570-8117. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at cargileinvestments.com.