Ctc Mycfo, LLC (Palo Alto)

Name: Ctc Mycfo, LLC
Address: 2200 Geng Road, Palo Alto, CA, 94303
Telephone: (650) 210-5000

Ctc Mycfo, LLC is a large advisory firm based in Palo Alto. It manages $12.77 billion of regulatory assets for 2,507 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Arizona, California, Connecticut, and 7 other states.

Ctc Mycfo provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and asset allocation, performance measurement, non-discretionary investment advisory and subadvisory services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Ctc Mycfo: assets under management

The assets under management (AUM) of Ctc Mycfo, LLC is $12.77 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 51% since the beginning of its operation, and $361.94 million of the total AUM is attributable to clients outside of the United States.

The firm manages $12.77 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $5.1 million each.

Ctc Mycfo has custody of $11.95 billion in cash and securities for 38 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 37% of the total AUM. The second-largest asset type is investment and business development companies, which make up 26% of the firm’s portfolio. Investments in pooled investment vehicles form 24% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ctc Mycfo, LLC 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.

What kind of clients John Anthony Benevides serves?

The firm provides services to investment companies, high net worth individuals, and pooled investment vehicles. The largest group of clients of John Anthony Benevides is high net worth individuals with 39 clients and $12.77 billion of assets under management. Among the 10 most similar advisory firms, Ctc Mycfo has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $12.77 billion for 42 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 5% of the firm’s clients are foreign persons or businesses.

Ctc Mycfo also advises several private funds. Namely, one hedge fund, five real estate funds, eleven other private funds, eight private equity funds, and two venture capital funds. The minimum investment commitment required of non-related persons ranges from $1 to $250,000.

Careers at Ctc Mycfo, LLC

The company employs 120 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. 14 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.

John Anthony Benevides has been acting as President since 1 Dec 2012. Carolyn Andrea Booth joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Carol Peka Flick	Cfo	1 Nov 2002	Other	4615183
John Anthony Benevides	President	1 Dec 2012	Other	6079531
Bmo Financial Corp	Sole owner	1 Dec 2012	75% - 100%	51-0275712
Harvey L. Armstrong	Managing director	1 Dec 2012	Other	4765479
Terry A Jenkins	Director	1 Dec 2012	Other	4847869
Robert Gage Gray	Chief operating officer	1 Jan 2013	Other	2876977
Michael Richard Hutchinson	Chief compliance officer	1 Feb 2014	Other	2388357
Gillian Roberta Noble	Director	1 Mar 2014	Other	6333459
Darrel Harris Hackett	Director	1 Aug 2014	Other	6404383
Afrodete Viki Lazaris	Director	1 Jan 2015	Other	6436967
Steven Paul Matteucci	Chief executive officer	1 Aug 2015	Other	4836617
Steven Paul Matteucci	Director	1 Feb 2016	Other	4836617
Michael John Montgomery	President	1 Feb 2016	Other	2648739
Michael Patrick Stritch	Director	1 Jun 2016	Other	3129542
Robert Ryan Mcnally	Director	1 Jun 2016	Other	6691993
Nebojsa Paldrmic	Director	1 Nov 2016	Other	2750096
Stephanie Ann Lake	Chief financial officer	1 Dec 2016	Other	5845009
Nebojsa Paldrmic	Ceo; president; director	1 Mar 2017	Other	2750096
Carolyn Andrea Booth	Director	1 May 2017	Other	6798979

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Bank Of Montreal	Sole owner	1 Sep 1989	75% - 100%	13-4941092

Based in Palo Alto

The principal office where Ctc Mycfo, LLC performs its advisory services is located at 2200 Geng Road, Palo Alto, CA 94303, which is also the mailing address of the firm. An additional office of the firm is in Seattle, WA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (650) 210-5000 or by fax (650) 210-5099. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at ctcmycfo.com.