Cx Institutional, LLC (Auburn)

Name: Cx Institutional, LLC
Address: 112 East 7 Th Street, Auburn, IN, 46706
Telephone: 260-927-1830

Cx Institutional, LLC is a large advisory firm based in Auburn. It manages $581.06 million of regulatory assets for 3,021 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Arizona, California, Colorado, and 11 other states.

Cx Institutional provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cx Institutional: assets under management

The assets under management (AUM) of Cx Institutional, LLC is $581.06 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 65% since the beginning of its operation, and $100 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $581.06 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $192.34 thousand each.

Cx Institutional has custody of $1.68 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 79% of the total AUM. The second-largest asset type is investment and business development companies, which make up 14% 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 Cx Institutional, LLC 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 Stacy Elaine Hefty serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Stacy Elaine Hefty is high net worth individuals with 145 clients and $311.34 million of assets under management. Among the 10 most similar advisory firms, Cx Institutional has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $577.23 million for 1,225 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.

Cx Institutional doesn't advise any private funds.

Careers at Cx Institutional, LLC

The company employs 32 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 20 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.

Stacy Elaine Hefty has been acting as President since 1 Feb 2018. Edison Byzyka has served as the Chief Investment Officer since 1 Feb 2018 and David Wayne Hefty is the Chief Executive Officer of Cx Institutional, LLC family office. Justin Malcolm Burse joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Dennis Kehoe	Managing director, wealth partner	1 Feb 2018	Other	4823868
John Thomas Knowlton	Director corporate development	1 Feb 2018	Other	3156314
Stacy Elaine Hefty	President	1 Feb 2018	Other	4037576
David Wayne Hefty	Chief executive officer	1 Feb 2018	Other	3251339
Douglas Edward Lockwood	Branch officer	1 Feb 2018	Other	1703831
Edison Byzyka	Chief investment officer	1 Feb 2018	Other	6150572
Angela Marie Lockwood	Chief operations officer	1 Feb 2018	Other	6197373
Christina Ann Martinez	Chief compliance officer	1 Feb 2018	Other	5720033
Christina Ann Thompson	Chief compliance officer	1 Feb 2018	Other	5720033
Hefty Wealth Partners	Managing member	1 Apr 2018	50% - 75%	153880
Oak Point Financial Group	Member	1 Apr 2018	25% - 50%	155126
Cpf Texas	Member	1 Oct 2018	25% - 50%	122484
Christopher Joel Lipper	Managing director/wealth director	1 Oct 2018	Other	4298665
Justin Malcolm Burse	Chief compliance officer	1 Dec 2018	Other	6353074

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
David Wayne Hefty	Trustee	1 Dec 2011	Other	3251339
Stacy Elaine Hefty	Trustee	1 Dec 2011	Other	4037576
2011 David W. Hefty Living Trust Uta Dated December 6	Member	1 Mar 2018	25% - 50%	82-7035397
2011 Stacy E. Hefty Living Trust Uta Dated December 6	Member	1 Apr 2018	25% - 50%	82-7035442

Based in Auburn

The principal office where Cx Institutional, LLC performs its advisory services is located at 112 East 7 Th Street, Auburn, IN 46706, which is also the mailing address of the firm. An additional office of the firm is in Plano, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 260-927-1830 or by fax 260-927-1865. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at credentwealth.com and its LinkedIn profile.