Cain, Watters & Associates, LLC is a large advisory firm based in Plano. It manages $1.61 billion of regulatory assets for 5,853 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.
Cain, Watters & Associates provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and educational seminars and workshops. It prepares financial plans for approximately 2,080 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Cain, Watters & Associates, LLC is $1.61 billion. The firm's AUM has grown by 18% 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 Cain, Watters & Associates, 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.
The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Cain, Watters & Associates is high net worth individuals with 186 clients and $414.2 million of assets under management. Among the 7 most similar advisory firms, Cain, Watters & Associates has the 3rd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $627.57 million for 1,098 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.
Cain, Watters & Associates doesn't advise any private funds.
The company employs 132 people that are either part- or full-time employees. 24 percent of the employees work as investment advisers or researchers. 42 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 compensates 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 Cain, Watters & Associates, LLC performs its advisory services is located at 6900 Dallas Parkway, Ste 500, Plano, TX 75024, which is also the mailing address of the firm. An additional office of the firm is in Austin, TX. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 972-233-3323 or by fax 972- 943-0670. The normal business hours are 8:30am to 5:00pm on Monday - Friday. You can find more information about the New York firm at cainwatters.com.