Cgc Financial Services, LLC (Lake Oswego)


Cgc Financial Services, LLC is a large advisory firm based in Lake Oswego. It manages $383.72 million of regulatory assets for 2,029 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Alaska, Arizona, California, and 8 other states.

Cgc Financial Services provides financial planning services, portfolio management for individuals and small businesses, and educational classes. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Cgc Financial Services: assets under management

The assets under management (AUM) of Cgc Financial Services, LLC is $383.72 million. The firm's AUM has grown by 24% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $372.05 million in discretionary accounts and $11.68 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $195.81 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $90.52 thousand.
Cgc Financial Services has custody of $24.45 million in cash and securities for 29 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 87% of the total AUM. The second-largest asset type is exchange traded securities, which make up 7% of the firm’s portfolio. Investments in non-exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cgc Financial Services, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Cgc Financial Services 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 Cgc Financial Services is individuals with 641 clients and $194.28 million of assets under management. Among the 6 most similar advisory firms, Cgc Financial Services has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $383.72 million for 740 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.

Cgc Financial Services doesn't advise any private funds.

Careers at Cgc Financial Services, LLC

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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Glen Allen Clemans Senior partner 1 Aug 2006 50% - 75% 1618828
Jamieson Logan Grabenhorst Managing member/ partner 1 Aug 2006 Other 4362410
Casey Edward Cleveland Chief compliance officer/ partner 1 Aug 2006 Other 3065319
Tammi Jo Ortega Chief compliance officer 1 Oct 2018 Other 4431942
Davena Marie Yee Financial advisor 1 Oct 2018 Other 4669435
Kelly Frances Mellinger Team lead 1 Oct 2018 Other 5106943
Shannon Nicole Keener Trader 1 Oct 2018 Other 5659128

Based in Lake Oswego

The principal office where Cgc Financial Services, LLC performs its advisory services is located at 5 Centerpointe Dr Suite 550, Lake Oswego, OR 97035, 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 503-670-1958 or by fax 503-670-1964. The normal business hours are 8 am - 5 pm on Monday - Friday. You can find more information about the New York firm at cgcfinancialservices.com.