Cherry Creek Family Offices, LLC (Denver)

Name: Cherry Creek Family Offices, LLC
Address: 210 University, Denver, CO, 80206
Telephone: 303-862-9550

Cherry Creek Family Offices, LLC is a large advisory firm based in Denver. It manages $827.09 million of regulatory assets for 724 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Colorado, New York, and Texas.

Cherry Creek Family Offices 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 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cherry Creek Family Offices: assets under management

The assets under management (AUM) of Cherry Creek Family Offices, LLC is $827.09 million. The firm's AUM has grown by 3% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $157.67 million in discretionary accounts and $669.42 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.83 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.05 million.

Cherry Creek Family Offices has custody of $81.29 million in cash and securities for 9 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 57% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 17% of the firm’s portfolio. Investments in state and local bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Cherry Creek Family Offices, LLC for their services and products based on fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Cherry Creek Family Offices serves?

The only and largest group of clients of Cherry Creek Family Offices is high net worth individuals with 11 clients and $827.09 million of assets under management. Among the 8 most similar advisory firms, Cherry Creek Family Offices has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $827.09 million for 11 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.

Cherry Creek Family Offices doesn't advise any private funds.

Careers at Cherry Creek Family Offices, LLC

The company employs 9 people that are either part- or full-time employees. 33 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Timothy Joel Ulfig	Managing member and chief executive officer	1 Jan 2011	75% - 100%	2506011
William Benjamin Novak	Chief compliance officer	1 Feb 2012	Other	6042609
William Benjamin Novak	Member and chief financial officer	1 Nov 2015	Other	6042609

Based in Denver

The principal office where Cherry Creek Family Offices, LLC performs its advisory services is located at 210 University, Denver, CO 80206, 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 303-862-9550 or by fax 303-997-9833. The normal business hours are 7:00 a.m. - 4:00 p.m. on Monday - Friday. You can find more information about the New York firm at cherrycreekfamilyoffices.com.